QIC to roll out Milestone Group’s pControl
Investment house QIC announced last week that it will replace its in-house core funds systems with Milestone Group’s pControl fund processing system.
pControl is a unit pricing platform that specialises in handling complex fund structures.
QIC general manager of operations Darren Mundie said QIC had $80 million under wholesale management across a broad range of investments and needed a platform that could handle complex business needs.
“The configurable nature of pControl supports our customisation requirements while minimising implementation effort and ongoing support,” he said.
QIC will use pControl for its unit pricing and validations, cash allocation, unitised order management and related accounting, tax processing and reconciliations.
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