Case Study: Modus Asset Management achieves faster, more accurate municipal bond valuations and competitive advantage with FINCAD Analytics Suite for Excel

Asset Manager Improves Efficiency of Valuations, Gains Competitive Advantage with FINCAD Analytics Suite for Exce

Modus Asset Management, a fixed income advisor focused on the municipal bond market, faced a major challenge valuing thousands of heterogeneous municipal securities quickly and accurately using disparate systems (proprietary Excel workbooks, third‑party portfolio software and Bloomberg). To streamline pricing and break bonds into their components, Modus selected FINCAD and deployed FINCAD Analytics Suite for Excel as their valuation platform.

FINCAD’s Excel‑based solution integrated with Modus’s proprietary spreadsheets, Bloomberg data and portfolio software, allowing valuations via a few keystrokes rather than manual entry. The implementation reduced single‑bond valuation time from up to five minutes to seconds, enabled valuation of ~100 bonds per day (saving several hours daily), improved accuracy and client transparency through documented math, and was implemented in about a month—giving Modus a measurable competitive advantage.

Modus Asset Management

Craig Kasap

Managing Member