Opturo has developed VICAP, a comprehensive, multi-currency rapid deployment solution designed to provide a complete composite performance & assets reporting platform for achieving and maintaining GIPS® compliance. It leverages the VIA platform to offer the most comprehensive, flexible and cost effective composite creation-maintenance-reporting solution. VICAP puts GIPS compliance within the reach of any firm.

The notable features are:

• Rapid Deployment: No Implementation (Plug & Play)
• Flexibility: Works in diverse client environments and integrates to all accounting and broker platforms.
• Comprehensive: The platform can be leveraged to perform the following:
  • Composite creation.
  • Inclusion/exclusion rules validation.
  • Daily or monthly account or asset-class level performance (TWR, IRR) calculation with interval threshold.
  • Calculates Bond accruals.
  • Composite performance & assets reporting with custom reports, disclosures and benchmarks.
  • Seamless composite and account data extract for verification firm.
• Support for Carve-out. Click here for more information.

 

VICAP, an end-to-end compliance platform enables Investment Firms:

• To be on the road to GIPS compliance in days instead of months through the rapid deployment of the solution.
• Streamline and automate the new or existing compliance process.
• To ensure that books and records are consistent with custodial books and records on a transactional basis.
• Identify inconsistent data including outlier account level returns.
• Lower the overall cost of compliance.
• To become compliant quickly.

 

For more information on the Global Investment Performance Standards (GIPS), please click here.

 

Major Benefits of VICAP

• Plug & Play Implementation: Innovative architecture offers the rapid deployment of the system while significantly reducing the implementation time and cost.
• Comprehensive: Supports all the functions needed to achieve and maintain GIPS Compliance including composite creation, rules based inclusion/exclusion and multi-currency composite and portfolio reporting.
• Flexible & Scalable: It can be configured quickly to efficiently create, maintain and report composites and portfolios in diverse client environments. It also has the design flexibility to seamlessly support the firm’s changing policy & procedures and infrastructure.
• Ease of Use: Designed so that it is straightforward and intuitive.
• Multi-Period: Clients can save weeks of time on a multi-year verification.
• Time-series Data Visualization: Analyze composites and portfolios through time.
• Customization: Open system design allows unparallel customization including custom reporting.
• Dynamic Reporting & Analysis: Report analysis with drill down and filtering capability allows clients to provide the verifier with relevant data quickly and seamlessly.
• Automation: Provides the platform to automate the process of achieving and maintaining GIPS compliance.
• Carve-out Performance: Connects to Opturo’s powerful Performance & Attribution engine that calculates weights and returns (historically & on-going), and which can calculate them for each defined carve-out and its dedicated cash bucket, for use in GIPS compliant calculations. Click here for more information.

 

Composite Constructor

This product is used to generate composites from a universe of accounts.  The composite creation can be done over single or multiple periods.  With the Composite Constructor, a multi-year verification can be achieved with minimal effort.

THE OPTURO ADVANTAGE

• Data visualization of composite across multiple time periods.
• Flexible Composite/Model assignment criteria definitions.
• Model Map over multiple periods.
• Model Trade Journal.
• Model Cumulative Period Return (WTD, MTD, YTD, etc.).
• Flexible Account level inclusion/exclusion rule definitions.
• Security substitution functionality.
• Strategy-Model Name Map.
• Multi-period Composite-Account mapping list generation.

 

 

Composite Validator

This product is used to validate a universe of accounts against a single composite/model for a given set of account and security level inclusion/exclusion rules.  Composite Validator’s flexibility allows the definition of all simple and complex rules that exist for each client. Verification firms can deploy this tool to streamline the verification process by switching from the maintenance of complex spreadsheet applications used for rules based account validation.

THE OPTURO ADVANTAGE

• Target Single/Multiple model(s).
• Single/Multi period analysis.
• Target or sample accounts functionality for Verification firms.
• Security substitution functionality.
• Flexible Account level rule definitions.
• Flexible Security level rule definitions.

 

Composite Summary Report

This product is used to generate composite and portfolio performance and asset reports.  It can be used to streamline and automate the generation of daily, monthly, quarterly, and annual composite and portfolio performance reports for internal and external reporting needs.  Leveraging the VIA platform, customized reports can be generated in PDF, Excel and Word, or report data can be exported to a relational data warehouse.  It has comprehensive support for custom disclosures and company footnotes.

THE OPTURO ADVANTAGE

• Multi-period reporting (daily, monthly, quarterly & annually).
• Calculates Net-of-fees performance for Wrap Composites.
• Supports multiple composite and portfolio return and market value definitions.
• Multi-Currency capability.
• Supports multiple benchmark definitions for composites and portfolios.
• Flexible input data definitions.
• Supports current and projected GIPS composite return reporting guidelines.
• Provides powerful and comprehensive ex-post composite and portfolio performance analytics reports.