Northern Trust enhances digital workflow experience for private capital fund managers

Northern Trust (Nasdaq: NTRS) is enhancing the net asset value (NAV) workflow communications between private capital fund managers and Northern Trust through a collaboration with Appian (Nasdaq: APPN), a leading provider of low-code process automation solutions.

The solution aims to support private capital fund managers with a secure digital experience offering enhanced efficiency, oversight, and data security across the NAV production lifecycle.

The digital portal, powered by Appian, provides a single point of access for private capital fund managers to communicate instructions, review documents and provide approvals across the NAV process. Northern Trust has designed the workflows to reduce the dependency on email communications and support the delivery of sensitive documents, thereby increasing transparency and efficiency of the process.

The development forms part of a wider alternative digital transformation plan under Northern Trust Whole Office™. This strategy facilitates client access to services, solutions, and new technologies across the investment lifecycle. Northern Trust’s private capital fund services business provides various solutions for asset managers including fund administration, global custody, depositary, and banking.