Institutional Trust Services B.V. (ITS), a Dutch provider of financial administration and reporting services, is implementing the advanced SaaS-based consolidated reporting and controlling solution from German wealth tech provider QPLIX GmbH.
Family offices, insurers and pension funds outsource investment administration and reporting activities to ITS, which has been known for its regulatory reporting services for more than 20 years now. With QPLIX, ITS will further improve its service levels and expand its investment, accounting and reporting offering by leveraging state-of-the-art technology and digital capabilities.
“With QPLIX all data and documents are made available digitally in a single system for seamless, paperless processes. This further increases our operational efficiency and enables us to deliver better services to our customers”, says Quintin van Wijk, Director at Institutional Trust Services B.V. The QPLIX software consolidates, reconciles, and digitalises data on all types of liquid and illiquid assets. It maps complex ownership structures and enables management of investment guidelines on a large scale. Furthermore, it enriches asset data with market data and ratings. Transaction data and documents from custodian and bank accounts are updated in near real-time via QPLIX's banking API network or via SWIFT. Data on non-bankable assets such as private equity, direct holdings, real estate, loans or collectibles are also managed in a standardised and structured manner.
"More and more institutional investors and smaller single-family offices are outsourcing administrative, accounting or reporting tasks to specialists such as ITS. This allows them to focus on their core business and investment strategy. With its wide range of functionalities and high scalability, QPLIX enables financial service providers and their clients to benefit from tailor-made offerings and economies of scale."
- Kai Linde, Co-founder and Co-CEO at QPLIX
QPLIX supports investment managers and administrators with a wide range of asset and portfolio management functionalities, from slice and dice analysis to controlling and reporting. The set of advanced tools includes ESG assessment, fund look-through, ordering and payment, to name but a few. The main objective of ITS is to relieve its clients of financial accounting reporting tasks and to generate accurate, clear and legally compliant reports (think MIFID II) for investors, their clients and regulators on a large scale. Linde: “Winning ITS as a customer means an important step into the key Benelux market for QPLIX. This is another milestone on our road to becoming the European champion in Wealth Tech.”
QPLIX boosts efficiency by fully or partially automating tasks such as monitoring investment guidelines or rebalancing.
"With QPLIX, we will be able to take efficiency, scalability and transparency to a new level and expand our service portfolio for our institutional investor clients. We will now be able to offer clients a fully integrated mid- and back-office service experience that can level with the integrated offerings of more custodian-like services and that as well enables a seamless online experience across desktop and mobile devices."
- Quintin van Wijk, Director at Institutional Trust Services B.V.
About Institutional Trust Services (ITS)
Institutional Trust Services (ITS), established in 2000, is a leading provider of administrative support in the investment sector, catering to asset managers, pension funds, insurance companies, family offices, and charity foundations. Renowned for its tailored and flexible services, ITS offers a comprehensive range of middle and back office services, including investment accounting and reporting services, as well as the preparation of specific regulatory reports such as SFDR PAIS, MER/MESRAP, FTK, QRT, AIFMD (Annex IV), and annual accounts. Since its inception, ITS’s management has maintained a solid and sustainable policy focused on long-term growth and maintaining high-quality standards in service delivery. The company is committed to building long-term relationships with both clients and employees by ensuring the quality of its processes through annual audits according to ISAE3402 Type II standards.
About QPLIX
Leading single and multi-family offices, foundations, investment funds, asset managers, institutional investors and private banks across EMEA optimise their operational portfolio management with QPLIX. Automated processes based on reliable and up-to-date data increase efficiency. At the same time, fast and transparent communication and digital client services improve quality. The QPLIX platform holistically maps the full range of liquid and illiquid asset classes as well as diverse client structures and consolidates all investment data in a high-performance database. The software enables portfolio managers and asset owners to securely access reports and real-time analysis at any time via the individual client portal or the app. IT infrastructure and security are provided by QPLIX - Software as a Service for maximum flexibility.
QPLIX GmbH was founded in 2012 by Kai Linde, Philipp Pötzl and Mathias Lindermeir. The team consists of more than 100 software and finance experts in Munich and Frankfurt.
Press Contact QPLIX
Sebastian Deck
Marketing Director
Email: press@qlix.com
Tel.: +4917615226019
https://www.linkedin.com/in/sebastiandeck/
Press contact ITS
Hans Roodhorst
Business development & account manager
Email: Hroodhorst@itstrust.nl
Tel: +31 (0)651502620
https://www.linkedin.com/in/hansroodhorst/
