Middle-office and back-office outsourcing services
Focus your attention on moving your portfolios forward
Reconciliation and accounting isn’t just costly to your operation — it’s time-consuming and can leave room for error. The operation of your middle-office and back-office has a huge impact on your firm.
Empaxis eliminates your frustration with operational work by providing a comprehensive set of middle-office and back-office outsourcing services tailored for your operation as you need them. Our portfolio accounting experts work in a tightly-controlled, results-oriented environment, processing your data accurately and securely. Your firm will gain flexibility, and increase operational efficiency, reducing costs by up to 50 percent.
Outsourcing services offered by Empaxis
Reconciliation and accounting isn’t just costly to your operation — it’s time-consuming and can leave room for error. The operation of your middle office and back office has a huge impact on your firm.
Empaxis eliminates your frustration with middle-office and back-office outsourcing services. Our portfolio accounting experts work in a tightly-controlled, results-oriented environment, processing your data accurately and securely. Your firm will gain flexibility, and increase operational efficiency, reducing costs by up to 50 percent.
Reconciliation reporting and billing
For asset and wealth managers, expert reconciliation, reporting, and billing aren’t just daily tasks — they’re critical operations for supporting your firm’s growth. At Empaxis, we understand the challenges businesses face reconciling portfolios — and we’re here to do the heavy lifting for you. Our services are comprehensive and are matched to fit your specific needs.
What we deliver:
- Reconciliation reporting: Timely, accurate reconciliation delivery regardless of portfolio complexity, including transactions, positions, market value and cost basis to deliver accurate monthly reports quickly.
- Performance reporting: GIPS standards or proprietary performance measurement and review service
- Fees and expenses calculation: Calculating management fees, incentive fees, excluding special members and accruals
- Partnership reports: Report generation in various formats to save you time and money
- Auditor liaison: We work directly with your auditors at year-end to ensure they have the necessary documentation.
Empaxis was the first firm to offer middle-office and back-office outsourcing services, and we continue to provide leading-edge solutions. Your platform is our base: our team adopts your preferred portfolio accounting system, tailoring our service to meet your firm’s investment strategy. Regardless of region, currency, or asset class, we process your accounts accurately and quickly.
Outsourcing is less expensive with TAMP1, and all the processing is done in the middle of the night, which is less disruptive. That way, you have the work done the way you want. Our experts will take care of the processes, and we will deliver daily in the most efficient way.
Empaxis also offers staff augmentation services, which allows you to use high-quality and focused professionals to get the work done, or improve what has already been done. You can keep closer control of projects vs. outsourcing alone, where the staff is managed by the outsourcer.
With staff augmentation, your firm doesn’t just gain access to a capable team; you’ll easily be able to add or remove staff to fit your needs, saving your firm both time and money.
You can leverage Empaxis’ team of expert portfolio accounts and IT specialists on a temporary or long-term basis. We provide a wide range of services, including:
- reconciliation and performance reporting
- cost basis
- corporate actions processing
- fees and expenses reporting
- NAV calculation reports
- and more
Empaxis will take the time to understand your business and deliver your desired results. Whether you need a single specialist or an entire team, staff augmentation gives your firm freedom to grow.
Case Study: Cornerstone Advisors
We knew we were going to launch new products and target new types of clients, which would lead to growth and require scalability. We also knew that if our back-office was not prepared to sustain that growth, these initiatives we were putting in place would not be successful.
– Aimee Hauff, Director, Investment Operations, Cornerstone Advisors, Inc.