Leveraging investment management expertise and the processing power of Q2Â®, QEDâs leading investment workflow system, QED Accounting Services and Administration provides near real-time investment and general ledger accounting and recordkeeping; transaction processing; reconciliation interfaces with investment managers, DTC, and custodian banks; security valuation and accounting; information delivery, reporting, and financial presentation; and performance measurement services.
QED Accounting Services and Administration offers a "vendor-neutral" approach to reference data management enabling institutional investors to create their own "best-of-breed" models that best fit the unique requirements of their organizations.
Transaction management services can be customized to meet organizationsâ diverse processing needs. Solutions include: interfaces with managers and advisors, custodian banks, prime brokers and other interested third parties; DTC confirmation and affirmation; corporate action, paydown, and other financial event processing; treasury management invoice and payment processing; general ledger processing, and participant/partnership recordkeeping and accounting.
With QEDâs flexible reconciliation models, clients dictate all aspects of the reconciliation process. Customized reconciliation models facilitate real-time electronic data exchange with custodian banks, external managers, prime brokers, trading systems, DTCC, and more, and they enable fast and reliable cash, position, and transaction reconciliation.
Utilizing a library of more than 400 standard reports, ad-hoc report generation tools, and a powerful information presentation studio, QED Accounting Services and Administration can deliver âboard qualityâ financial statements and operational reports branded with customer logos, images, and visual charting, and can coordinate and manage client report generation and distribution.
QED Accounting Services and Administration simplifies performance measurement data production and reporting and minimizes the effort needed to maintain composite and benchmark references. QED provides benchmark/composite reporting, time- and period-weighted returns, and custom performance calculations and reports.
Michael Dowd, QED vice president of operations, heads the Accounting Services and Administration unit. "The introduction of QED Accounting Services and Administration reflects the changing focus of the marketplace. Now, more than ever, organizations are looking for cost effective and productive solutions when outsourcing their accounting functionsâwithout sacrificing management control and accountability. The integration and scalability of Q2 will allow our customers to achieve economies that would otherwise be unattainable to the vast majority of the marketplace," states Dowd.