TeslinCS (TCS FundServices)

Completes ISAE 3402 implementation

As of February 1st, TCS Fund Services B.V. (part of Teslin CS) has completed the implementation of ISAE 3402. This demonstrates the organization’s control over internal processes.

This organization serves as the hub for alternative investment funds to outsource mid- and back-office services, allowing managers to focus on fund investments and investors. Services provided by TCS Fund Services include complete fund and financial administration, preparation of financial statements, quarterly reports, and reporting to regulators.

Given that managers of alternative investment funds delegate some of their tasks to TCS Fund Services, the organization highly values their ability to rely on the existence and operation of robust procedures and systems.

Birgitte van de Broek, managing director of TeslinCS, emphasizes the importance of  ISAE 3402 implementation: ‘Given that TeslinCS is highly automated, sensitive information is often shared online via our platform. It’s crucial that this platform meets all security requirements. The implementation of ISAE 3402 was a logical step for us. We’re satisfied with our collaboration with Securance on this. They are experienced in procedure documentation and have provided us with valuable guidance.’

Koen van der Aa, supervisor at Securance, adds: ‘Throughout the ISAE 3402 implementation, TeslinCS has demonstrated itself as an organization that recognizes the importance of internal control. This has enabled TeslinCS to effectively establish and continuously optimize processes and procedures. In addition to implementing control measures in the ISAE 3402 report, TeslinCS has standardized the entire internal manual of processes and procedures.

On behalf of Securance, congratulations on completing the implementation! Click here for more information on ISAE.