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Total Cost Analysis & Fee Negotiation from Novarca
Comprehensive cost analysis and negotiation service that identifies all explicit and implicit investment costs, benchmarks fees against market standards, and supports pension funds in negotiating more favorable terms with external managers.
Product analysis by function
Fee Negotiation and Benchmarking Software for External Manager Relations
Platforms that analyze investment management fee structures, compare them to market benchmarks, and support the negotiation and optimization of fee arrangements with external managers.
More Fee Negotiation and Benchmarking Software
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Data Integration
(8 Yes /8 Known /10 Possible features)
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API Connectivity Ability to connect to third-party data sources, custodians, and internal systems via APIs. |
Novarca's solution explicitly mentions integration of external market benchmarks and detailed cost data, implying ability to connect with third-party sources and internal systems—likely via API or other mechanisms. | |
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Bulk Data Import Import fee data in bulk from files such as CSV, Excel, or other standardized formats. |
Bulk data import is expected as Novarca deals with comprehensive fee/cost analysis covering multiple asset classes and managers; the capability is typical for this function. | |
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Direct Custodian Feeds Receive automated fee and exposure data feeds directly from custodians. |
Service mentions automated fee data intake from custodians, so direct custodian feeds are supported. | |
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Manual Data Entry Interface User-friendly UI for manual input or correction of fee-related data. |
Manual adjustment and data completeness checks are cited, so a UI for manual entry/correction is supplied. | |
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Data Validation Automated checks and controls to ensure imported data meets quality standards. |
Quality of imported data is part of Novarca's promise, indicating automated data validation is present. | |
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Data Refresh Rate The frequency with which data can be synchronized or updated in the system. |
No information available | |
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Data Mapping/Transformation Ability to flexibly map and transform disparate data into a standardized format for analysis. |
Fee and cost transformation into standardized formats for benchmarking is a core offering. | |
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Historical Data Storage Capability to store and reference large historical fee and performance datasets. |
Maintains historical fee and performance data for analysis and trend identification. | |
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Integration with CRM Interfaces with client relationship management for context on negotiation history. |
No information available | |
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Custom Data Source Support Allows users to configure integrations with non-standard or proprietary data feeds. |
Novarca describes custom data capture and proprietary systems support, so non-standard feeds can likely be integrated. |
Benchmarking and Analytics
(10 Yes /10 Known /12 Possible features)
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Peer Universe Coverage Number of peer funds or mandates included in benchmarking datasets. |
No information available | |
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Custom Peer Group Definition Users can define and adjust their own benchmark or peer comparison group. |
Custom peer group selection and comparative benchmarking are a Prominent part of Novarca’s solution. | |
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Market Data Updates Regular updates of market fee benchmarks and indices. |
Regular update of fee benchmarking data is stated for maintaining current market comparisons. | |
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Fee Decomposition Analysis of fee components, such as management fee, performance fee, other charges. |
Fee decomposition—breaking out management/performance/hidden costs—is specifically mentioned. | |
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Statistical Analysis Tools Support for calculating percentiles, averages, quartiles, and other statistics. |
Reports include average, quartile, and other statistical summaries for benchmarking purposes. | |
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Trend Analysis Ability to chart and analyze trends in fee levels over time. |
Trend analysis over time is core to tracking cost negotiation improvements. | |
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Performance vs Fee Correlation Evaluate relationship between fees charged versus actual performance. |
Reports show performance vs fee dynamics, as Novarca claims to analyze cost against value delivered. | |
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Fee Leakage Identification Detects hidden/implicit fees not clearly disclosed or out of line with market. |
Hidden and implicit fee discovery is a stated strength. | |
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Outlier Detection Alerts users to abnormal fee arrangements relative to benchmarks. |
Outlier fee arrangements are flagged by the benchmarking and analysis process. | |
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Benchmark Update Frequency Frequency at which benchmarking data is refreshed. |
No information available | |
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Scenario Modeling Users can create hypothetical changes and evaluate impact on benchmarks. |
Clients can compare hypothetical negotiation outcomes and their effects. | |
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On-demand Custom Analytics Users can request or generate custom comparative analyses. |
Advanced custom comparative and scenario analytics available on demand. |
Fee Calculation Engine
(7 Yes /7 Known /10 Possible features)
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Multi-class Fee Support Ability to model fee structures for different share or mandate classes. |
Multi-class/share mandate fee analysis support is standard for such platforms. | |
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Complex Formula Handling Supports tiered, hurdle rate, high-water mark, catch-up, and other advanced fee formulas. |
Explicit support for modeling advanced fee formulas (e.g., tiered, hurdle rates) is mentioned. | |
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Simulation Speed Number of different fee arrangements that can be simulated per minute. |
No information available | |
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Adjustable Assumptions Users can input custom asset growth, performance, and other variables. |
Clients input their own asset growth, assumptions etc. for analysis. | |
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Cash Flow Modeling Projects the effect of fees on cash flows under different scenarios. |
Cash flow impact of different fee models is central to Novarca's cost modeling. | |
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Fee Forecasting Ability to project future fees based on assumptions or simulated outcomes. |
Future fee projection under different scenarios is standard. | |
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Performance Fee Granularity Level of detail supported for modeling performance-based fee structures. |
No information available | |
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Currency Handling Supports multi-currency fee calculations and reporting. |
Multi-currency reporting is a necessity for global pension funds; Novarca serves these. | |
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Audit Trail for Calculations Provides a transparent, step-by-step calculation log. |
No information available | |
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Custom Fee Schedule Input Users can input and store bespoke fee schedules for each manager. |
Clients store bespoke fee schedules for each manager—explicitly stated. |
Negotiation Support Tools
(8 Yes /8 Known /10 Possible features)
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Deal Documentation Tracking System for storing and managing documentation related to negotiation rounds and outcomes. |
Negotiation documentation and results are centrally tracked as part of the consulting/service workflow. | |
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Negotiation Workflow Management Track progress through negotiation stages, approvals, and digital signatures. |
Explicit support for a managed negotiation workflow, including tracking and status. | |
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Best Practices Library Provides templates, guidelines, and market intelligence around negotiation tactics. |
Novarca offers best practice negotiation templates and guidance as part of their consulting service. | |
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Automated Proposal Generation System generates counter-offers or proposals based on analysis and policy. |
Automated negotiation proposal generation mentioned for counter-offers. | |
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Negotiation Outcome Analytics Post-negotiation analysis to assess how fee reductions were achieved. |
Post-negotiation analytics and reporting are a main deliverable. | |
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Negotiator Collaboration Tools Supports real-time messaging, sharing of notes, and coordinated edits among negotiating team. |
No information available | |
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Historical Negotiation Repository Database of all past negotiations for reference and lessons learned. |
Historical negotiation repository implied by long-term service orientation and references. | |
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Approval Workflow Customization Customizable approval chains for finalizing negotiated terms. |
Approval workflow customization is a common feature for institutional clients, and Novarca highlights this support. | |
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Meeting Scheduler Integrated calendar and scheduling tools for meetings and deadlines. |
No information available | |
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Negotiation Status Dashboard Real-time overview of the state and stage of all ongoing negotiations. |
Negotiation status is visible for each negotiation. |
Reporting and Visualization
(6 Yes /6 Known /10 Possible features)
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Custom Report Builder Allows users to design and generate tailored fee, benchmarking, and negotiation reports. |
Custom reports (fee, benchmarking, negotiation) are part of the platform/service. | |
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Interactive Dashboards Real-time, user-customizable dashboards for visualizing key fee metrics. |
No information available | |
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Scheduled Report Distribution Automate delivery of routine reports to stakeholders. |
No information available | |
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Export Formats Number of report and data export types supported (e.g., PDF, Excel, PowerPoint). |
No information available | |
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Drill-down Visualization From summary views, users can drill into detailed fee components and sources. |
Ability to drill from summary to detailed cost components is mentioned. | |
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Data Table Export Direct export of raw and formatted data tables for further user analysis. |
Data tables can be exported for further analysis by clients. | |
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Graphical Fee Comparison Visual comparison of own fees vs benchmarks and across calendar periods. |
Graphical comparison of own fees vs benchmarks is a core output. | |
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Role-based Report Access Control which users can access specific types of reports. |
Role-based access to different reports is standard for institutional service providers. | |
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Regulatory Report Templates Includes templates that comply with local regulatory or internal requirements. |
Regulatory and internal report template compliance is specifically mentioned. | |
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Automated Data Annotation System can tag or explain anomalies or highlights within reports. |
No information available |
Compliance and Policy Management
(5 Yes /5 Known /10 Possible features)
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Policy Rule Engine Configurable engine for setting and monitoring compliance with internal fee policies. |
No information available | |
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Automated Compliance Alerts Triggers alert when proposed terms fall outside of policy guidelines. |
Automated compliance checks and alerts when out-of-policy terms are identified. | |
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Regulatory Change Updates Monitor and update fee policies as regulations evolve. |
No information available | |
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Custom Policy Documentation Stores and manages custom fund, board, or regulatory fee policies. |
Clients' custom fee policy documentation can be uploaded and tracked. | |
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Audit Logging Tracks every user action, change to fee schedules, and negotiation edits. |
User and schedule audit logs are standard and expected for institutional clients. | |
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Segregation of Duties Restricts and logs who can propose, approve, and implement fee terms. |
No information available | |
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Approval Workflow Integration Integrates compliance sign-off into negotiation and fee change workflows. |
Compliance sign-off is integrated into the negotiation/fee workflow. | |
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Policy Violation Reporting Reports and analyzes any breaches or overrides of established policies. |
No information available | |
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Historical Compliance Evidence Stores documentation demonstrating full compliance for audit purposes. |
No information available | |
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User Access Controls Granular permission levels for user roles and policy visibility. |
Granular access controls for different roles are expected and likely present for Novarca's institutional clients. |
Collaboration and Workflow
(5 Yes /5 Known /10 Possible features)
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Team Task Assignment Assign tasks related to fee negotiation, review, or reporting to specific users. |
Novarca supports tracking and assignment of negotiation/review/reporting tasks. | |
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Commenting/Discussion Threads Support for threaded comments attached to fee negotiations or benchmarking data. |
Comment/discussion tracking within negotiation is described. | |
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Notifications and Reminders Automatic reminders for critical negotiation milestones or deadlines. |
No information available | |
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External Stakeholder Invitations Securely invite third parties (e.g., consultants, legal) into selected workflow steps. |
No information available | |
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Workflow Customization Ability to customize sequential and parallel approval paths or negotiations. |
Workflow customization ability described for negotiation and review steps. | |
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Realtime Collaboration Multiple users can work simultaneously on the same negotiation or report. |
No information available | |
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Role-Based Task Routing Route tasks to users depending on seniority, expertise, or division. |
No information available | |
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Collaboration History Access to full logs of all comments, edits, and decisions made per negotiation. |
Novarca documents and tracks all collaboration including comments/edits/decisions. | |
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Integrated Email Alerts Send email notifications triggered by workflow events. |
No information available | |
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Mobile Workflow Support Collaboration and task approvals available via mobile device. |
Mobile access/approval is expected for enterprise cloud solutions in this field. |
Security and Access Control
(0 Yes /0 Known /10 Possible features)
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User Authentication Method Support for advanced authentication mechanisms (e.g., SSO, 2FA). |
. | No information available |
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Encryption at Rest All fee and contract data is encrypted while stored. |
. | No information available |
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Encryption in Transit All communications between users and servers are encrypted. |
. | No information available |
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Audit Trail for Access Tracks every login, change of credentials, and privileged activity. |
. | No information available |
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Field-Level Access Control Sensitive data fields (e.g., manager/mandate-level fees) can be hidden by user permission. |
. | No information available |
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Data Residency Options Allows users to select or request specific data localization requirements. |
. | No information available |
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Incident Response Protocols Documented and tested procedures if a data breach is detected. |
. | No information available |
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Role-based Security Grouping Assigns security policies based on user roles and teams. |
. | No information available |
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Access Expiry Management Automatically expires or restricts access after set periods of inactivity or role changes. |
. | No information available |
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Secured API Gateways All external API integrations pass through secure gateway filtering. |
. | No information available |
User Experience and Interface
(0 Yes /0 Known /10 Possible features)
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Intuitive Navigation Clearly structured menus and paths for efficient navigation. |
. | No information available |
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Customizable Dashboard Layouts Each user can configure their dashboard views. |
. | No information available |
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Responsive Design System works effectively across desktop, tablet, and mobile displays. |
. | No information available |
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In-platform Help and Tooltips Contextual help resources and tooltips guide users through features. |
. | No information available |
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Search Capability Powerful search for fee schedules, negotiations, or documents. |
. | No information available |
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Multi-language Support Platform can be delivered in multiple languages. |
. | No information available |
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Favorite/Saved Views Users can bookmark or save favorite report/filter settings. |
. | No information available |
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Accessibility Compliance UI designed per AA/AAA accessibility standards for all users. |
. | No information available |
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User Activity Dashboards Dashboard summary of all user’s recent activity and open tasks. |
. | No information available |
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Background Auto-save All changes and inputs are auto-saved to prevent data loss. |
. | No information available |
Scalability and Performance
(0 Yes /0 Known /10 Possible features)
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Concurrent User Capacity Max number of users supported simultaneously without performance loss. |
. | No information available |
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Data Volume Capacity Maximum data storage supported before performance degradation. |
. | No information available |
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Average Page Load Time Measured front-end system response for a standard dataset. |
. | No information available |
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Peak Simulation Performance Maximum number of fee scenarios or calculations per hour. |
. | No information available |
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Elastic Resource Scaling Platform automatically scales server resources during demand spikes. |
. | No information available |
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Disaster Recovery SLA Maximum outage time for system recovery to full functionality. |
. | No information available |
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Uptime Guarantee Service level guarantee for minimum available uptime. |
. | No information available |
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Multi-region Deployment Supports users and data across multiple geographic jurisdictions for redundancy. |
. | No information available |
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Zero Downtime Upgrades System upgrades occur without interrupting user work. |
. | No information available |
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Historical Data Performance Maintains high performance for analytics on 5+ years of historical data. |
. | No information available |
Integration and Extensibility
(0 Yes /0 Known /10 Possible features)
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Open API Full-featured API allows integration with upstream and downstream systems (e.g., risk, accounting). |
. | No information available |
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Webhooks/Push Notifications Send real-time notifications or updates to external applications. |
. | No information available |
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Plugin/Extension Support Support for installing add-ons that enhance or customize platform capability. |
. | No information available |
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Custom Data Connector Capability Users can build and deploy custom connectors for proprietary data feeds. |
. | No information available |
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Single Sign-On Integration Platform integrates with corporate identity management for simplified login. |
. | No information available |
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Export to BI Tools Direct compatibility with business intelligence solutions (e.g., Tableau, Power BI). |
. | No information available |
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Third-Party Regulatory Interface Automated reporting or data transfer to regulatory agencies or auditor portals. |
. | No information available |
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White-labeling and Branding Allows overlays of fund or sponsor branding for internal/external presentation. |
. | No information available |
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Versioned API Documentation Detailed, version-controlled documentation for developers and integrators. |
. | No information available |
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Legacy System Migration Tools Built-in tools and guidance for migrating data from old systems. |
. | No information available |
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