Dreyfus Fund Accounting

Challenge
Dreyfus' fund accountants rushed from market close to pump out the daily NAVs (Net Asset Values) of its funds in time to get the prices to Nasdaq.

AWD Solution Results
To decrease manpower spent on calculating the daily NAVs of its 75 funds, Dreyfus Corp.'s back-office accounting department installed AWD/ST to automate manual accounting processes. The system allows fund accountants to focus only on securities exceptions when calculating the end-of-day pricing, rather than sifting through pages of securities data. AWD/ST pushes exceptions to the desktop of fund accountants, and allows them to check and re-mediate securities prices from one screen.

"We can identify what exceptions we want to go where," said Paul Molloy, senior accounting manager at Dreyfus. "This makes sure that the right ones go to the right people."

Download the Dreyfus Fund Accounting case study.