Northern Trust upgrades NAV workflows

Northern Trust has partnered with Appian, a fintech provider of low-code process automation solutions, to enhance the NAV workflow communications with private capital fund managers. The solution is aimed at supporting private capital fund managers with a secure digital experience offering enhanced efficiency, oversight and data security across the NAV production lifecycle.

The digital portal, powered by Appian, provides a single point of access for managers to communicate instructions, review documents and provide approvals across the NAV process. Northern Trust has designed the workflows to reduce the dependency on email communications and support the delivery of sensitive documents, increasing transparency and efficiency of the process.

Stephen Thomas, head of finance at Coller Capital, said: “As one of the world’s leading investors in secondary assets for private funds, we are committed to leveraging new technologies to enhance our operational processes. The deployment of this solution through our fund administrator, Northern Trust, will provide our funds with increased levels of transparency, efficiency and security.”

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