Outdated Ledger Items
Many clients in Private Markets struggle with outdated general ledger systems that hinder effective accounting and reporting for firm, GP, and fund activities. Manual processes for managing accounts payable and receivable, expense allocations, intercompany settlements, payroll, and financial statement preparation limit scalability and operational efficiency. We specialize in delivering transformation solutions that modernize and automate these processes, enhancing operational efficiency and scalability to your management company.
Heightened Scrutiny
Private fund managers face heightened scrutiny, especially with the SEC’s Private Funds Rule, requiring them to redesign processes and address technology gaps for compliance. This regulatory environment demands more granular reporting and transparency, compelling managers to adopt best practices and leverage technology to meet evolving challenges. Our industry and technology expertise, enables us to advise on the areas that require process and policy change and technology to ensure adherence with regulatory and investor compliance.
Data Quality Issues
Private markets firms data is often plagued by quality issues such as inaccuracies, inconsistencies, and incompleteness, which can undermine decision-making processes and erode trust in data-driven insights.
Lack of system integration
Private market clients often face significant obstacles due to outdated systems and reliance on disparate, offline processes. This fragmented approach hampers their ability to optimize data quality and structure, resulting in poor data quality that affects effective reporting and real-time decision-making. Our solution includes implementing best-in-class technology solutions to systematize processes, optimizing data quality and structure for accurate insights, and enhancing reporting and transparency to meet regulatory demands and build investor confidence.
