PFS announces another record year!

Pacific Fund Systems (PFS), is a privately-owned technology company that develops, distributes, supports and hosts via SaaS, a software solution for the automation of the complete range of fund administration services to investment funds; focusing on an alternatives market that accounts for approximately $11 trillion in assets invested globally. PFS’ core product is the award winning PFS-PAXUS system which integrates all of the fund administration processes onto a single solution, including: securities portfolio reconciliation and valuation, full multi-currency general ledger, accounting automation, consolidation of multi-strategy and multi-class assets, automated fee calculation, NAV calculations, shareholder processing and registry services including a full suite of investor communications, and automated global regulatory reporting and compliance functionality. PFS-PAXUS is complemented by PFS-CONNECT, a cutting-edge web portal software providing reporting and trading tools, allowing the Fund Managers and their investors to  trade securely and access their fund data online. All of PFS’ software solutions can be hosted remotely by clients, or directly by PFS’ on a tailored secure cloud hosted solution. PFS has continued to grow year-on-year since its launch and offers new and existing clients a long-proven 21-year track record of maintaining stable and current software functionality, supporting fund administration providers who wish to offer a premium service to fund managers across the globe. Despite the unprecedented challenges posed by a global pandemic throughout 2020 and 2021, PFS has continued to hit record revenue growth, with the group exceeding targets for both license sales to existing and new clients. PFS’ growth has mirrored the success of its existing clients; a list that includes industry leading service providers who operate around the globe, incorporating the world’s largest independent fund administrator and a number of major global investment banks. As a socially aware business, PFS pledged a commitment to share its success by giving back to the communities in which its employees live and work. Donating more than $20,000 to worthwhile causes in 2021, PFS continues to proudly support charities many of which have struggled during the pandemic. In line with an expanding client base, PFS has further expanded their global team with total staff numbers increasing by 25% during 2021. The PFS team has grown steadily from inception by hiring premier talent from across the industry in order to meet the complex demands of PFS’ rapidly expanding global clientele. Each member of the PFS team brings a wealth of knowledge to support PFS’ world-class fund administration technology. Looking to the future, Paul Kneen, CEO of Pacific Fund Systems commented: “With continued development aimed at taking advantage of ever more efficient technology, straight through processing via API, combined with powerful web enabled reporting and transaction solutions for the underlying fund managers and their investors. We believe there is currently no better multi-functional market-wide product that can compete head on with PFS’ offering as a total fund administration solution. Our continued growth objectives are underlined by our efforts to support our clients as they look to maximise efficiency and profitability in the face of an ever-evolving funds industry. We take pride in maintaining a personal connection with our clients, to provide tailored assistance supporting their individual growth objectives.” Please read the full article here.