Quintillion launch new version of Dashboard – QControl
Release Date: 11 June 2009
Quintillion Limited, an independently operated hedge fund administration company, has released a new version of its unique Dashboard control system, QControl. Quintillions Dashboard integrates several licensed and in-house designed applications into a central status management tool that brings new efficiency and transparency to relevant daily and monthly NAV processes.
QControl is a traffic light workflow system designed to implement a daily, exception based, processing environment. It is fully integrated with various portfolio management systems, prime brokers and counterparties alongside extracts from Advent Geneva©, Paladyne© and several custom applications, resulting in more systematic checks and controls with a full audit trail of relevant processes provided.
The daily process for each fund is defined at launch point within the Dashboard which enables staff and senior management to monitor the progress of individual (and firm-wide) funds’ daily processing. A “four eyes” principle is enshrined within the system with a full audit trail of all relevant actions. This allows Quintillion to achieve a higher level of transparency and governance within the daily processing environment.
“The implementation of QControl facilitates a true exception-based management process that strengthens our operational compliance, ensuring increased transparency and accountability within a strict control environment,” said Linda Gorman, COO of Quintillion. “A key driver for hedge funds going forward is the need to reduce operational risk, and our dashboard system helps us to do this, while also enabling us provide a unique and outstanding service to our clients”.