Temenos (SIX: TEMN), the banking software company, today announced that the Temenos Multifonds Global Accounting product has been awarded the status of “differentiated”, in a recent report. The 2019 8 x 8 report by Adox Research on Portfolio Management & Accounting solutions, recognized Temenos in the following five out of eight categories: Usability, Functionality, ROI, Vision, and Supplier Risk.
Temenos Multifonds Global Accounting is a single, scalable product for fund managers’ key asset servicing, position keeping, valuation and accounting functions. The agile and flexible softwareallows the consolidation of fragmented legacy systems onto a single, global platform that uniquely combines sophisticated workflow and production management techniques to drive enhanced automation and efficiency.Temenos has a 20-year track recording of providing world class-leading fund administration software. Temenos Fund Administration products support $7 trillion assets and more than 30,000 funds worldwide.
Gert Raeves, Research Director, Adox Research, said: “In a 2019 8x8 report by Adox Research on Portfolio Management & Accounting solutions, Temenos was invited to participate, and Temenos Multifonds Global Accounting achieved the status of "differentiated" (the highest awarded) in the following categories: Usability, Functionality, ROI, Vision, and Supplier Risk.”
Oded Weiss, Strategic Advisor – Fund Administration, Temenos, commented: “We are delighted to receive this recognition from Adox Research for Temenos Multifonds Global Accounting. Through our relentless focus on innovation, Temenos is able to deliver to clients unrivalled levels of functionality and operational efficiency. Digital transformation is a top priority for many fund administrators and asset managers, and we continue investing to deliver new features and new technologies to help our clients deliver differentiated services to their customers.”
Adox Research 8 x 8 surveys assess a specific fintech domain comparing up to eight vendor solutions across eight metrics. These surveys help firms select the relevant shortlist of solution providers and align their own selection and evaluation process with an independent capability assessment. Adox Research uses a data-driven methodology based on best practice blueprints, product questionnaires and demonstrations to compare capabilities, value propositions and market messages of leading providers of reconciliation services. The process includes qualification calls, executive briefings, completion of an online survey, product demonstrations and briefings.