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Product overview
PureFunds is Puritas’s fund administration and transfer agency software. It automates share dealing, investor servicing, register management, and payment processing for fund administrators across across the UK, Ireland, and key international and offshore jurisdictions including Luxembourg, South Africa, Jersey, Guernsey, Bermuda, and the Cayman Islands.
The platform supports UK retail, offshore, and international fund structures and integrates with Calastone, CBL, EMX, FundSettle, NSCC, Swift and Vestima to automate order routing and settlement. Fund administrators using PureFunds have achieved straight-through processing rates of up to 99%, reducing manual intervention and improving operational efficiency across the entire dealing lifecycle.
PureFunds works alongside PureClient, Puritas’s client data and customer due diligence (CDD) software. The two products are integrated and share a common data layer, so investor data flows between dealing and compliance functions without duplication.
Book a discovery callHow PureFunds fits within the platform
PureFunds handles the operational core: dealing, register management, correspondence, payments, and reporting. PureClient sits alongside it and manages CDD, risk assessments, and regulatory reporting. Data moves seamlessly between the two without manual transfer.
Evaluating PureClient? Visit the PureClient pagePureFunds
Transfer agency and dealing software
Connects to...
Calastone
Vestima
EMX
SWIFT
FundSettle
Works alongside
What PureFunds does
99%
Straight-through processing
PureFunds connects to Calastone, CBL, EMX, FundSettle, NSCC, Swift and Vestima to receive and route dealing orders automatically. When an order arrives through one of these networks, PureFunds validates it against the fund’s dealing rules, processes the instruction, and generates the confirmation without manual intervention. For fund administrators processing high volumes of daily transactions, this eliminates the rekeying and checking that consumes operations teams.
Straight-through processing rates of up to 99% mean nearly all dealing activity completes without a human touching it. The remaining transactions are flagged as exceptions for manual review, typically because they fall outside standard parameters or require additional authorisation.
Full dealing lifecycle
The platform handles every dealing type a transfer agency encounters. Subscriptions, redemptions, distributions, switches, conversions, and transfers all flow through the same automated pipeline. Each dealing type follows configurable rules that reflect the fund’s prospectus, dealing calendar, cut-off times, and settlement conventions. When a fund’s rules change, the configuration updates without code changes or platform downtime.
Share register management
PureFunds maintains the investor register for each fund. NAV calculations, FX rate management, batch processing, and regular savings plan administration are all handled within the platform. The register is always current because dealing activity updates it in real time rather than through overnight batch runs. When an investor or intermediary queries a holding, the register reflects the latest dealing position.
Four-eyes control
Every transaction that requires human authorisation passes through a four-eyes control system. Changes are made by one user and independently authorised by another before they go live. The platform maintains a complete audit trail of who did what and when, which satisfies both internal governance requirements and regulatory scrutiny from the Jersey Financial Services Commission (JFSC), Central Bank of Ireland (CBI), Commission de Surveillance du Secteur Financier (CSSF), Financial Conduct Authority (FCA), and equivalent bodies across other jurisdictions.
Corporate actions & fund events
Fund launches, mergers, closures, and restructures are managed within PureFunds alongside day-to-day dealing. When a new fund launches, the configuration is built within the platform and dealing begins without bolting on a separate system. When fund structures change through mergers or conversions, PureFunds handles the investor-level impact across the register, correspondence, and reporting functions in a single coordinated process.
Automated investor correspondence
Contract notes, valuation statements, distribution advices, and transaction confirmations are generated automatically as part of the dealing process. When a subscription completes, the contract note is produced and dispatched to the investor or intermediary without the operations team composing or sending it manually.
Correspondence is available in multiple languages and formats, which matters for fund administrators serving investors across different jurisdictions. Scheduled bulk generation handles periodic valuations and distribution advices across the entire fund book without manual intervention. Built-in controls and straight-through processing enable documents to be generated and distributed automatically, without manual review or approval.
Investor portal
A secure self-service portal gives investors, intermediaries, and fund managers access to their holdings, valuations, transaction history, and pending activity at any time. Investors can view current positions, download historical statements, and submit subscriptions, redemptions, and transfers directly through the portal. Triple-lock security, including multi-factor authentication, protects access and transaction activity.
For fund administrators, the portal provides the real-time visibility investors increasingly expect while reducing resilience on phone calls, emails, and manually submitted instructions. The higher level of self-service reduces administrative effort, limits the risk of errors from manual rekeying, and gives operations teams greater confidence that transaction instructions are captured accurately and consistently.
Automated payment processing
Redemption payments, distribution settlements, and fee processing are all handled through PureFunds via Swift messaging and direct bank interfaces. Payment instructions are generated automatically as part of the dealing cycle, matched against expected cash flows, and reconciled when funds clear.
Multi-currency payment processing handles the complexity of offshore and international fund structures where investors, custodians, and fund accounts operate in different currencies. The operations team manages exceptions and authorisations rather than creating, checking, and sending every payment instruction manually.
Fund & investor reporting
PureFunds generates scheduled and ad-hoc reports covering dealing activity, fund positions, cash movements, investor holdings, and fee calculations. Reports can be configured to meet the requirements of different fund managers, regulators, and internal and external investors. Bulk generation across multiple funds in multiple languages runs as a scheduled task rather than a manual production exercise.
Recipients of reports can opt to receive their reports via email, SFTP or download them from their own branded distributor online portal.
Investor-facing reports reflect current positions and are generated on the schedule the fund mandates. Ad-hoc reporting handles the one-off requests that would otherwise consume analyst time.
Regulatory reporting, including FATCA and CRS submissions, draws data directly from the dealing and investor records held in PureFunds and PureClient. This removes the need to compile regulatory data from separate sources or reconcile between systems before submission deadlines.
Top questions
PureFunds supports fund structures across the UK, Ireland, and key international and offshore jurisdictions including Luxembourg, South Africa, Jersey, Guernsey, Bermuda, and the Cayman Islands, with configurable dealing rules for each fund type. The platform handles different currencies, dealing frequencies, settlement conventions, and regulatory requirements without requiring separate instances per structure. Fund administrators running a mixed book of onshore and offshore funds manage everything within a single platform, with each fund’s specific rules applied automatically at the point of dealing.
PureFunds integrates with leading fund order routing and settlement infrastructures, including Calastone, CBL, EMX, FundSettle, NSCC, Swift and Vestima. Integration with your existing systems, data feeds, and legacy platforms is scoped during implementation and managed by Puritas’s dedicated technical and migration teams.
The Puritas integration team takes on the heavy lifting. Working closely with the source data provider and the business, the team carries out the required analysis, mapping, and data transformation, helping to ease the stress and burden of implementation.
See what PureFunds solves
PROBLEM PAGE
Automate fund administration
How PureFunds eliminates manual dealing, scales operations, and delivers 98% STP.
PROBLEM PAGE
Investor communications
How PureFunds transforms investor experience through portal access and automated correspondence.
PROBLEM PAGE
Onboard investors faster
How PureFunds works alongside PureClient to accelerate investor onboarding and KYC.
Accreditations
Members of
Insights
Practical thinking on fund administration, compliance, and the technology that supports both, from the team that builds it.
See PureFunds in action
Book a demo and see how PureFunds can automate your fund administration and share dealing.