Business
SEI Introduces Enhanced Shadow Accounting Capabilities for SEI Novus Users
Ledger Functionality Improves Data Accuracy and Helps Build Investment Book of Records OAKS, Pa., March 17, 2022 /PRNewswire/ -- SEI® (NASDAQ:SEIC) today
About this update from Sei Investments Company
[{"type":"text","content":"Ledger Functionality Improves Data Accuracy and Helps Build Investment Book of Records\n OAKS, Pa., March 17, 2022 /PRNewswire/ -- SEI® (NASDAQ:SEIC) today announced the launch of Ledger, a new functionality designed to provide institutional investors and asset owners with the ability to view, update, and reconcile a comprehensive set of raw data within SEI's portfolio intelligence tool, SEI Novus. \nThrough an intuitive and auditable workflow, Ledger can help users rectify contradictory or delayed information in order to provide clients with greater transparency, accuracy, and control of their assets. Using Ledger, clients can access raw data aggregated from a variety of sources in order to analyze all types of balance and transaction data. This data may originate from multiple custodians and manager statements, including cash flow notices, valuations, estimates, and official performance records. \nKey features include: \nStreamlined connectivity – SEI Novus gathers all relevant records from custodians, administrators, and managers in one place. Intuitive workflow – Users can easily update any balance, enter new transactions, and inspect audit trails of past changes.Portfolio transparency – Users can inspect their aggregated data, as well as drill down into and slice their portfolio by many dimensions.Andrea Gentilini, Head of SEI Novus, SEI's Institutional Group, said:\n\"Accessible and transparent portfolio information is essential, but asset owners often receive delayed and unreliable data. Ledger can improve client's ability to improve portfolio accuracy, with the ability to inspect exposures and understand attribution and risk positions. It unlocks more than just due diligence and operational efficiency, enabling asset owners to build a digital Investment Book of Records and derive powerful insights for making decisions and investing with confidence.\" \nIn addition to providing current SEI Novus users with direct access to raw data, Ledger supports SEI's Enhanced CIO (ECIO) platform. The ECIO platform provides an internal investment team with the option to outsource the shadow accounting workflow across their entire portfolio and feed it directly into SEI Novus, resulting in portfolio intelligence built on a much more comprehensive set of timely data. Ledger also complements SEI's existing suite of shadow accounting and d...