Delta Data, a leading provider of software solutions for the global mutual fund and pooled fund industry, has announced significant advancements to its Fee Management solution. These updates empower asset management firms to seamlessly manage intermediary fees across international jurisdictions, reinforcing Delta Data’s commitment to enhancing operational efficiency and global market accessibility.
The enhanced functionality now supports a variety of global fund identifiers, including Sedol and ISIN in addition to CUSIP, facilitating streamlined fee processing regardless of fund domicile. This capability includes automatic currency conversion, enabling asset managers to handle intermediary fees in any currency with precision and consistency, thereby optimizing resource allocation and operational workflows.
Cameron Routh, CEO of Delta Data, emphasized the strategic importance of these developments: “Our recent integration reflects Delta Data’s dedication to meeting the evolving needs of the financial industry on a global scale. Through our expanded capabilities and expertise gained from the acquisition of Phoenix Systems Inc., we are well-positioned to deliver comprehensive solutions that transcend geographical boundaries.”
Delta Data’s Fee Management solution, renowned for its ability to mitigate risk and enhance operational efficiency, has been instrumental for leading US asset management firms. By automating intermediary fee processing, Delta Data continues to set industry benchmarks and support clients in achieving operational excellence.
Colt Younger, SVP Head of Product for Delta Data, highlighted the company’s ongoing commitment to innovation: “At Delta Data, we remain steadfast in our commitment to advancing the mutual fund and pooled assets industry. These enhancements underscore our dedication to empowering clients and elevating standards within asset management.” Delta Data Asset Management Solutions.
