Transform your NAV oversight capabilities with Milestone Group’s pControl™ Oversight solution.  A purpose-built solution to meet the needs of global asset management companies, registered investment companies, and fund product providers specifically focused on the areas of NAV Oversight and contingent Backup NAVs.

pControl™ Oversight provides assurance for organizations that outsource their fund accounting or investment operations, with the added protection of insurance against single or multi-day service provider outages via the Backup NAV feature.

Backup NAV for Business Continuity
We all recognize the importance of business operations continuity planning and that when it comes to having a Backup NAV it is vital to have a process in place. We need to ensure that the production of a Backup NAV is straightforward, accurate and timely. It also needs to support your business operations strategy and integrity in helping you avoid significant business disruption and reputational damage.

pControl™ Backup NAV protects your business by reliably calculating an independent contingent NAV in the event of service provider outage upholding your fiduciary duty.

pControl™ Oversight – What can it do for your business?

• Offers greater protection for both your firm and the investor in terms of reduced operational risk
• True and independent verification ensures that outsourced functions are up to the highest standards
• Eliminates the need for excel spreadsheets and multiple disparate systems which are prone to error
• Ensures that fund boards, regulators and investors are comforted in knowing that the NAV oversight is being professionally managed and that the most important metric, the NAV, has integrity
• SLA aware operating model allows your firm to focus on the highest priority items first
• Provides operational optimization, delivering improved business resourcing:  lower costs, improved efficiency, and reduced overhead on oversight through smart system generated oversight
• Allows your firm to focus on your core business and high skilled work, leaving the calculations to pControl™ Oversight
• Global deployment facilitates multi-jurisdiction operations management and processing, so your firm can manage its global business on a single platform with consistent controls
• Reduced technology and staffing requirements through fully hosted technology using secure environments, with managed operational service to monitor business processing and data arrival
• Robust architecture with extensibility enables your firm to adapt and scale the business

pControl™ Backup NAV protects your business by reliably calculating an independent contingent NAV in the event of service provider outage upholding your fiduciary duty.  pControl™ Backup NAV is built on the same platform as pControl™ Oversight and works in conjunction with oversight functions to calculate the Backup NAV.

The Backup NAV is generated by enriching and validating the Expected NAV which is calculated in the daily oversight process or can be generated separately if oversight is not required.  This daily Backup NAV is created using a sophisticated calculation framework and pControl’s proprietary NAV Protect™ methodology which calculates expected returns for NAV constituents based on the last known valuation and application of independent data.

In a contingency situation, all the validations and tolerance levels you would expect your third-party service provider to perform, can be run on the Backup NAV providing added assurance.

Operational benefits unique to Backup NAV 

• Producing a highly accurate NAV ready to publish without the overhead of shadow accounting

• Supporting single or multi-day outages by utilizing the proprietary NAV Protect™ logic
• Providing the necessary interfaces to distribution channels to support trading during an outage of the primary NAV source
• Running, daily, in the background pControl™ Backup NAV is ready when needed with no need for a ‘cold start’
• Paving the way for future-proofing your business against further regulation and compliance issues relating to a contingent NAV
• Adding a robustness to your business operations strategy desired by boards, regulators and investors
• Controlling cost through pControl’s light operational footprint and simple integrations allow for a robust operating model without resourcing overheads
• Significantly reducing continuity risks surrounding the delegation of the production of NAVs, and NAV prices, to a third-party