Fund Accounting Case Study

$3 Million Savings Annually.

Client

Client is a global, multi-strategy alternative investment management firm based in Los Angeles, CA.

Industry

Investment Management

Service

Fund Accounting

Engagement Details

Model: Offshore

Business Need

Provide end-to-end fund accounting services to the client on funds of diverse strategies and structure.

Challenges representation Icon

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.

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