Northern Trust improves its cash management tool

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As part of its initiative to provide customizable solutions, Northern Trust has launched an enhanced cash management data tool within its Front Office Solutions platform. The online tool allows asset holders with large allocations to private market assets to better control their liquidity through unified and personalized reports.

The new web-based liquidity management module gives users a comprehensive view of their portfolio’s liquidity based on multiple factors, including real-time data on private equity and expected cash flows, as well as complex contractual terms hedge funds.

“Private market exposure is growing at an increasingly rapid rate among dispatchers and managing cash has for too long been an onerous and manual process,” said John Turney, Head of Northern Trust Front Office Solutions. “This tool is central to our goal of supporting the entire office by providing customizable and visual solutions to give owners of complex assets a holistic view of their liquid and alternative asset classes.”

The tool allows asset owners to monitor and assess the pace of their cash flows in private and public markets through a custom time horizon feature, removing the tedious manual steps that investors often take. By adding a visual element, the tool gives users the ability to visualize the pace of their cash flow using bar charts, providing an enhanced perspective for assessing highly complex liquidity scenarios.

Front Office Solutions is an integrated, cloud-based data and services platform that enables investment offices to visualize data from disparate sources across all asset classes in one central repository. It provides owners of complex assets, including foundations, endowments, family offices, pensions and outsourced investment managers (OCIOs), with the data they need, in the format they need, enabling them to make informed investment decisions that help them achieve their strategies.

Source: Northern Trust

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