APEX Utilizes Specialist CRS Reporting Solution
25 July 2017
Apex Fund Services utilises PFS-PAXUS’ CRS Reporting solution
July 25, 2017: London: Apex Fund Services supports fund compliance with CRS utilising specialist CRS reporting software from Pacific Fund Systems.
Pacific Fund Systems, the leading provider of fund administration software, is pleased to report that global independent fund administrator, Apex Fund Services (“Apex”), has successfully utilised its specialist CRS regulatory reporting software to submit its first range of client CRS filings.
Pacific Fund Systems has expanded the functionality within its core administration application, PFS-PAXUS, to be in line with the changing global regulatory environment. As the requirements of the global Common Reporting Standard (“CRS”) impacts many of Apex’s clients, its ability to facilitate robust and compliant reporting in this area is a fundamental requirement to effectively support its global client base.
Anthony O’Driscoll, Chief Operations Officer for Apex Fund Services said, “Our multi-strategy, multi-geography client base means we need to partner with firms that are capable of delivering industry leading reporting technologies and that have the ability to quickly adapt and improve these mechanisms to suit the evolving requirements of our clients. We are always looking for increased efficiency, faster valuations, reduction in the risk of errors and broad ranging products that have the ability to support complex funds. PFS-PAXUS is a solid partner for Apex and the enhancement in its CRS offering reaffirms our confidence in this product assisting us in continuing to maintain the high levels of service we expect for our clients.”
Notes to editors:
Pacific Fund Systems (‘PFS’) is a leading provider of fund administration software via its award winning PFS-PAXUS application; a specialist accounting and administration system that is the product of choice for administrators of both alternative and traditional funds across the globe. PFS services more than 70 client sites across multiple global jurisdictions with in excess of US$400bn of assets managed on PFS- PAXUS.
About Apex Fund Services
Apex Fund Services, established in Bermuda in 2003, is one of the world’s largest independent fund administration and middle office solutions providers. Apex has continually improved and evolved its product suite by surrounding these core administrative services with additional products spanning the full value chain; from information delivery and regulatory products to tax services fund fact sheets. The globally distributed service model is delivered by over 600 staff, across 24 jurisdictions. Apex now administers the investments of some of the largest funds and institutional investors in the world with $50bn in assets under administration.
