PFS-CLOUD Fund Administration ‘Software-as-a-Service’ goes live!

Pacific Fund Systems’ (PFS) the global leader in fund administration systems has launched its’ new Software-as-a-Service (SaaS) offering, PFS-CLOUD, with the first client of the new service now benefiting from seamless continuous access to the award-winning PFS-PAXUS and PFS-CONNECT software via the cloud. PFS-PAXUS offers a complete back-office fund accounting, portfolio valuation, fund pricing and transfer agency administrative solution that includes regulatory reporting, in a single fully-integrated system, providing the backbone solution for fund administration providers globally, from independent fund administration providers to some of the world’s largest global financial services companies. PFS-CONNECT provides a web portal for access to all fund transaction and performance data by fund managers, their investors and intermediaries, and also incorporates optional online shareholder transaction processing. PFS-CLOUD provides PFS clients with the ability to reduce IT costs, removing any requirement for local PFS-PAXUS and PFS-CONNECT hosting expenditure. PFS-CLOUD provides immediate and complete flexibility to scale infrastructure requirements instantly, whilst also freeing up valuable client in-house resources to focus on core business activities without compromising security or user experience. As part of the service PFS-CLOUD also eliminates the need for clients to execute time-consuming upgrade processes as these will be performed by PFS experts.  PFS-CLOUD allows fund administrators to access the latest version of PFS-PAXUS, and the optional web portal PFS-CONNECT, via a fast, fully secure, virtualised environment that is hosted with best-of-breed Microsoft and Citrix infrastructure. All client data is remotely backed up and maintained securely to provide a full DRP and business continuity support. PFS-CLOUD can be accessed from anywhere around the globe – providing immediate access for individual users in any location, or in the event of planned or emergency client office relocation. As a subscription-based service, PFS-CLOUD clients do not have any capital infrastructure costs or any operating or ongoing administration and maintenance costs. The underlying infrastructure is managed by PFS with PFS-CLOUD optimised to highest levels of performance and reliability. CEO of PFS, Mr Paul Kneen commented: “We are delighted to welcome our first new PFS-CLOUD client to take advantage of the benefits offered by our SaaS solution. We have made significant investment in designing an optimal architecture solution in order to save our clients time, effort and money in all areas associated with securely hosting, managing and deploying PFS’ software.” Pacific Fund Systems is a leading provider of fund administration software via its award winning PFS-PAXUS application; a specialist fund accounting, share registry and regulatory reporting system that is the product of choice for administrators of both traditional and alternative funds, including hedge funds, private equity and real estate, and many other collective investment vehicle structures spanning all asset classes and managed from over 30 countries across the globe. Pacific Fund Systems services a continually expanding international client base with more than US$500bn of assets managed globally on PFS-PAXUS.