$3M in Annual Savings with Streamlined Processes
We manage end-to-end fund accounting for multiple fund structures, combining domain expertise and automation to streamline operations and cut costs.
the client
Client is a global, multi-strategy alternative investment management firm based in Los Angeles, CA.
Industry
Investment Management
Service
Fund Accounting
Engagement Details
- Project name: Fund Accounting Optimization
- Model: Off-Shore
- Complexity: Medium
Technology Stack
- Web portal
- SQL
- Excel-based automation
- Reporting tools
Business Need
Provide end-to-end fund accounting services to the client on funds of diverse strategies and structure.
Challenges
- Sourcing expert personnel to cater to distinct strategies pertaining to different structures.
- Cost and budget limitations.
Services
- Providing services on funds that are closed-end, including legal entities across diverse strategies.
- Built a team that has not only rich experience in the fund accounting domain but also has assorted experience across various strategies of funds.
- Developed an application that connects to the report server and generates all the reports in a single package in PDF or Excel.
- Built a query to pull the requisite data from the Accounting module into a Web portal.
- Streamlined notice templates.
- Feedback is provided on a continuous basis for enhancing the various fund accounting tools, processes for better enhancements, and optimization.
- Extensive training on applications to various teams.
Benefits
- $3 Million Savings Annually.
- Automated Management Reports.
- Streamlined Audit Confirmation Process.
- Eliminated Manual Intervention.
- Streamlined Capital Activity Process.