Schroder Investment Management (Luxembourg) is implementing Milestone Group's pControl software.

The intention is to enhance the management of its outsourced fund accounting processes. pControl’s Fund Oversight module will provide Schroders with effective oversight of third party service providers. The solution will enable it to monitor, validate and analyse all components of its investment funds valuations process from a single point of reference and drill down into transaction and fund data when forensic examination is required.

"We recognised the need to have a system like pControl in place for some time and had begun to build a proprietary system to manage this process,” says Gary Janaway, operations director at Schroders. “When Milestone Group showed us pControl it was clear the solution was exactly what we needed. The software can deal with the multi-class, multi-currency complexities of the investment vehicles we offer, and its flexibility and scalability were critical as we focus on improving the quality and efficiency of the fund services we provide.”

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