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Quintillion release online NAV Sign-Off Application

Release Date: 28 September, 2011

Dublin, 28 September 2011 - Quintillion Limited today announced that they have launched a web based approval method for their clients’ net asset values via their reporting portal. While Quintillion already facilitated publishing of NAV reporting directly to the web portal for client review, the NAV sign-off application now allows a client to approve the per share class values at the click of a button.


The NAV sign-off application has been configured such that it integrates with the Quintillion operations dashboard to notify the Investor Services group once a NAV has been client approved and thereby automatically commencing the Investor Services monthly reporting process.

Joan Kehoe, CEO of Quintillion said that: “This new innovation will remove the need for verbal or e-mail confirmation from the client and will also allow for accurate monitoring of the time required to review a fund’s NAV. This advancement, along with ongoing enhancements to our proprietary web portal, are part of Quintillion’s goal to deliver a fully automated and transparent solution to our client’s needs.”

Quintillion have received the following client testimonials in relation to the new application:

“The Quintillion on-line NAV sign-off portal mitigates manual errors, maximises security and expedites the efficient release of investor statements. Overall it has a very professional feel, increases transparency and adds to the already outstanding Quintillion service.”

Head of Operations, Credit Manager, London.

“The NAV Sign-Off facility Introduces an audit trail on the NAV approval, enabling automated KPI production to Investment Managers, plus fund governing bodies where required. It also removes the need to manually re-key NAV information and removes email from the equation.”

Chief Operating Officer, Alternative Asset Manager, London.

“I am delighted that this proactive development has been released allowing me to take greater control of NAV review and in securing communication of information in respect of our funds. The traffic light dashboard allows me to confirm the exact approval status of reports, when approved and by whom, as well as the actions in hand and completed at Quintillion. Knowing that this is being continually monitored and that the approval has been received electronically by yourselves has not only increased my level of comfort but improves the efficiency in the release of reports to our investors. Having made several due diligence visits to Quintillion, I can see how this system would integrate into the strong control processes that are core to the ethos of your company from front to back, removing any chance of manual errors.

Operations Manager, Credit Manager, London.

“We’ve found Quintillion’s new NAV Sign-Off application as well as their portal to be very innovative. The ability to track stages through our NAV cycle is beneficial, helping in terms of efficient investor communication.”

Chief Operating Officer, Multi Strategy Asset Manager, London.


About Quintillion:
Quintillion is a leading, independent hedge fund administration company providing clients with integrated middle and back office services.

Further information: www.quintillion.com

Ken Somerville
Head of Business Development – Quintillion Limited
Phone: +353-1-5238003 / Mobile: +353-87-131 9552
Email: ken.somerville@quintillion.ie