SUMMIT investment accounting system

Daily NAV, without the spreadsheet.

Investment accounting software for fund companies, with a live general ledger, every currency and an audit trail on every entry.

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Statement of net assets Sample Balanced Fund · CAD

Equities	12,480,210.55
Fixed income	6,902,114.08
Cash, CAD and USD accounts	1,118,402.91
Accrued income	84,316.40
Accrued expenses	(62,108.77)
Net assets	20,522,935.17
Shares outstanding	1,642,887.214

Unrealized gain this period184,220.10

Due to price change 141,906.20Due to exchange rate 42,313.90

Illustration with sample figures. Not a SUMMIT screen.

20 yearsin investment accounting
Roots at PwCTriSys was founded by three senior PwC management consultants
Since 1997the product line SUMMIT grew from has been running
One teamsells, installs, customizes and supports SUMMIT

From the custodian’s file to a struck NAV, in one system.

Files come in, get checked and reconciled, and post to the ledger. The reports and the NAV per share come out the other side, ready for the auditor.

Comes in

Custodian filesHoldings and transactions, for automatic reconciliation

Pricing filesFrom your quote services, matched to each security

Trades and positionsFrom trading and shareholder systems, or Excel files

Inside SUMMIT

01Data PortalImports land in a staging area and are colour-coded by an edit check before anything posts.

02Price SentryAny price that moves past the tolerance you set is flagged.

03General ledgerEvery trade and journal entry posts in real time, mapped to your accounts.

04Accruals and roll-oversExpense accruals and term deposit roll-overs post automatically when you run the accrual report.

Goes out

NAV per shareStruck from the balance sheet for any date

Valuation and financial statementsPortfolio valuation, balance sheet, income statement

Files for other systemsJournal entries for a corporate ledger, NAV details for a transfer agent

Your sourcesSUMMITWhat you report

The details that decide a fund’s numbers.

Every currency gain is split by cause.

SUMMIT reports each unrealized gain or loss in two parts: the part from the security’s price and the part from the exchange rate. Your fund can hold as many currencies as it trades in.

USD bond held in a CAD fundUnrealized, CAD

Due to price change11,820.40

Due to exchange rate4,459.15

Total unrealized gain16,279.55

Illustration with sample figures.

Four cost methods, set per fund.

01Average cost
02FIFOFirst in, first out
03Specific lot
04Day trades firstFor managed futures funds

Odd prices get flagged.

Price Sentry holds a tolerance for each group of assets. A price that moves past it is marked on the pricing screens and on the portfolio valuation report.

Inside your toleranceFlagged on the report

A record of every entry.

The Daily Blotter lists every transaction by the date it was keyed in, whatever its trade date. When someone unhooks the general ledger, SUMMIT logs who, when and why.

Keyed in	User	Type	Amount
09:12	ACCT1	Buy	250,000.00
09:40	ACCT2	Dividend	3,412.50
10:05	ACCT1	Sell	81,930.00
10:31	ACCT2	Journal	1,208.77

Illustration with sample entries.

No limit on the number of companies.

Set up every company you run or administer in one system, and choose which users can see each one. Fund management, portfolio management, or both, side by side.

One system for three jobs.

Where it comes from

Roots at PwC, run from Toronto.

SUMMIT grew out of an investment accounting system rebuilt in 1997 and later sold by PwC. TriSys has supported it since 2004, and still sells, installs and supports it today.

About TriSys

1997
The product line is rebuilt as a new system, later sold by PwC.
2004
Three senior PwC management consultants found the firm now called TriSys to support it.
Today
TriSys sells, installs, customizes and supports SUMMIT from Toronto.

See SUMMIT set up for a fund like yours.

Book a demo

summit@summit-trisys.com