Page 15 - OneVue Annual Report 2015
P. 15
Within the Fund Services vertical, OneVue earns fees The Fund Services growth has been attributable to a
from contracts with investment managers and number of specific areas of success. OneVue has seen
custodians on transactions, administration, reporting significant growth in demand from Custodians and
and document processing as well as providing Investment Managers as they seek to outsource their
projects management, transition and installed unit registry service to a specialist provider. OneVue
software services. The key drivers of Fund Services has an established and market leading unit registry
revenue include the number of: service to meet this demand via its proprietary
software, Trust Architect. The combination of
• Investment managers proprietary technology and a scalable workflow gives
• Trusts managed by those investment OneVue a competitive advantage and opportunity of
achieving its objective of being the Australian
managers outsourced unit registry utility.
• Investors
• Transactions processed; and Fund Services has a significant pipeline (including new
• Licensed users and existing clients of BNP Paribas Securities Services
and Northern Trust). Implementation of this pipeline is
The Fund Services revenue model is a great forecast to have a significant impact on revenue and
complement to the predominantly FUA based model EBITDA over the next 18 months. Straight through
driving Platform Services revenues. The revenue base processing of 70% of transactions via our interfaces
of Fund Services has also widened with the with CalastoneTM, mFund and workflow has created a
introduction of RE Services adding basis points and scalable platform to support the pipeline and produce
minimum fees. further operating leverage.
Growth in FY15 Automation enabled operating efficiency
OneVue has not only secured a 5 year contract with
BNP Paribas in 2015, we have also added a significant
pipeline of other institutional revenue in addition to
the BNP Paribas win. OneVue is in the process of
transitioning a further $2.0m of revenue which will
have a positive impact on Fund Service’s revenue and
EBITDA. This business is about creating sufficient scale
to generate genuine operating leverage and this year
we expect to see significant increases in revenue with
proportionately lower increases in costs.
ONEVUE ANNUAL REPORT - 15
