Achieved $3M in annual savings and lowered the rising operational costs through streamlined processes with our end-to-end fund accounting across various strategies.

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.