Case Study

OEM

Connectivity Factory powers

Multifonds' Fund Management Solution

With Connectivity Factory embedded into our solutions, we

saved an impressive amount of time and resources. Today, we
deploy our solution two to five times faster than we did before.
Its a much more affordable approach for our clients.
Bertil Rouveure, Executive Chairman, Multifonds

To focus on its business and reduce integration costs, Multifonds was looking for an
integration platform that could combine efficient, robust and up-to-date integration
features, as well as business-oriented connectors, to support a wide range of banking
messages protocols.
Multifonds completely delegated its integration to Crossing-Tech, with impressive ROI,
packaging Connectivity Factory inside its software.

About Multifonds
Multifonds is a leading provider of fund accounting, portfolio accounting and investor
servicing software.
Founded in 1995, Multifonds operates in the USA, Asia and Europe. The company has
grown into a market-leading business with top tier customers that operate in 30 countries
and collectively manage over US$3 trillion worth of assets. Multifonds has built up an
enviable portfolio of blue chip clients. The roster includes the majority of the worlds top
10 custodians and many top tier asset managers.
Multifonds' systems are capable of supporting the local requirements of more than 30
regulatory jurisdictions, covering all the world's major economies.

Challenges
With a fast growing activity, it is increasingly complex to face critical integrations issues.
Multifonds was looking for a complete solution to address all its integration requirements
around its Financial Packages with third parties. Such solution should have greater
connectivity, be able to cope with financial standards like SWIFT, and also bring extreme
agility and top class support, said Philippe Mahieu, Head of IT Solutions Asia, Multifonds.

OVERVIEW
Requirement
To increase competitiveness in
implementing its solution,
Multifonds needed an integrated
and flexible solution that can
handle integration issues and
provide reusable standard
interfaces in its software.

Solution
Multifonds embedded Connectivity
Factory into its fund management
solution in three months only. It
boosted up its integration, capitalizing
on both client specific and reusable
features.

Benefits
Multifonds integration costs and time
for implementation are drastically
reduced. Multifonds can further
improve its fund management
solution while Connectivity Factory
guarantees compatibilities with new
standards of banking protocols.

When deploying its software at the customers location, Multifonds needed to handle data
from heterogeneous sources and in different formats. Each customer being different, this
recurrent effort was very time-consuming.
Multifonds planned to provide new software interfaces supporting standard banking
protocols (NSCC, FundSERV, Fix, Swift, etc.). In this process, significant business analysis
was required leaving less time dedicated to implementation.

OEM Case Study Multifonds May 2014

Solution
Crossing-Tech provided exactly the solution that Multifonds needed, packaging
Connectivity Factory as a light-weighted integration platform, fully integrated within the
fund management solution. With Connectivity Factory, Multifonds now has a dedicated
generic interface platform that includes standard financial protocols and reusable business
workflows. These workflows are easily adapted for each customer by configuration only.
No specific development is required.

CF Mapping Studio

Crossing-Tech goes beyond the expectations of successful implementation and

guarantees the maintenance, development and upgrade of financial protocols on
Multifonds client sites in order to support the latest release of each standard.

Standard banking protocols

Thanks to the integrated CF Mapping Studio, financial flows can be updated and
deployed extremely quickly. It also isolates graphically transformations and integrates
validation rules and computations.
Since the business process itself is the most important part to focus on, data flows inside
Crossing-Tech's integration solutions are based on Enterprises Integration Patterns (EIP).
It is also important that business and technical people involved in the project understand
each other. Crossing-Tech provides common vocabulary to ease communication between
them.

CF Mapping Studio is a graphical user

interface enabling data modelling,
metadata management, message
transformation and validation for any
type of format.
CF Mapping Studio can embed up to
40 Data Object Definition (DOD)
libraries, which fully encapsulate the
published syntax and validation rules
for over 40 financial messaging
standards. Among them: SWIFT
MT/MX, DTCC, FpML, SEPA, ISO 20
022, FIX v4 to v5.

Multifonds obtains new connectors

!

Bloomberg connector: enables the retrieval of prices for funds position.

China connector: dedicated to the Chinese market integrating trades and prices
from Shanghai and Shenzhen local stock exchanges.

NSCC connector: for the American market supporting NSCC connectivity

(FundSERV, DTCC and ACATS).

Connectivity Factory embedded in the fund management

solution
The integration solution includes two main parts:
!

Generic Business Integration Pack

Focusing on the Multifonds reusable features (WebSevices call, error handling, data
transformation, monitoring and notification), the Generic Business Integration Pack is a
standard component of the Multifonds platform.
!

Client Specific Connector

Focusing on the specific client features (custom parsers, custom transformation and
specific business rules), the client specific connector package is designed during the
implementation phase.

OEM Case Study Multifonds May 2014

The breadth of
connections featured by
Connectivity Factory
allows us to promote new
business models to our
clients. For instance, not
only we connect to
financial data providers,
but we also integrate with
market backbone actors.
Bertil Rouveure, Executive
Chairman, Multifonds

Major advantages
!

Multifonds focuses on its core expertise in fund management while relying on

Crossing-Tech for a new generation of integration solutions.

The OEM partnership enables Multifonds to offer an advanced integration solution

in addition to its fund management system, which increases significantly its time-tomarket.

Tailored integration solution following Multifonds versioning and patch

management.

Implementation time and effort reduced up to 80%.

Crossing-Tech & Multifonds

First successful project

Development and
implementation time
reduction, fewer
resources, lower costs,
ability to develop a model
and show it to clients...
are some of the key
advantages with
Connectivity Factory,
leading to a significant
competitive advantage for
Multifonds' solutions.
Bertil Rouveure, Executive
Chairman, Multifonds

The first case study was the implementation of the Multifonds fund Management solution
in a renowned bank in India. More than just a specific delivery, this project was the
opportunity for both companies to establish a solid partnership defining dedicated
resources and common timeframes to deal with future challenges.

Crossing-Tech and Multifonds help an international bank

managing investment funds
Multifonds customer in India needed to replace the manual steps to integrate data
(prices and transactions). These data are provided in different formats and thus
transformations had to be made before integrating them into the Multifonds
environment. All data transformation was implemented quickly and easily using CF
Mapping Studio.

Successful implementation in three months only

With Connectivity Factory, Multifonds implemented its solution in its customers
environment in three months only.

With the help of

Connectivity Factory and
Crossing-Tech key
engineers, we were able
to build custom
integrations for our clients
in a matter of weeks while
such process usually takes
several months. The
solution can be easily
adapted and fully
managed by CrossingTech engineers.
Philippe Mahieu, Head of IT
Solutions Asia, Multifonds

Key differentiators
!
!
!
!

Non-intrusive solution: no change to the existing environment.

Guaranteed connection to customers applications.
No technical pre-requisites on the customers site.
Integration costs and time reduced up to 80 %.

OEM Case Study Multifonds May 2014

High-quality support.

Nowadays, Independent Software Vendors (ISVs) need to reduce the cost and complexity
of deploying their software to maximize business opportunities, increase sales and speed
up execution. However, this requires more than an integration platform: it requires a
company that works close with its clients in order to design the best solution and provide
high-quality support.
Crossing-Tech OEM business model provides a complete integration solution covering
technical and organizational needs to allow the combination of advanced integration
features with your solution.

We are happy with the

decision to partner with
Crossing-Tech. We have
big projects on going that
we believe could not have
been done in such short
timeframe with any other
solution.
Philippe Mahieu, Head of IT
Solutions Asia, Multifonds

For more information about Crossing-Tech and Connectivity Factory, visit our website:
www.connectivity-factory.com
The information contained herein is current as of the initial date of publication and may be
changed by Crossing-Tech at any time. This business case is for informational purposes only.
Nothing herein should be construed as constituting any warranty.

CROSSING-TECH SA
EPFL - Innovation Park
Building J
1015 Lausanne - Switzerland
+41 (0) 21 694 03 63
sales@crossing-tech.com

2014 Crossing-Tech SA. All rights reserved.

OEM Case Study Multifonds May 2014