A private equity fund manager needed an advisor with knowledge of day-to-day accounting procedures and experience dealing with multiple investors. The client’s fund was rapidly growing in volume, and reporting demands from investors were increasing significantly.
Fund managers operate in a highly sensitive business, and the reporting demands placed upon them by investors change both in frequency and intensity. The timeliness of the reporting to our client’s investors never seemed to be fast enough, and the slightest mistake could have resulted in unnecessary headaches.
The Right Solution
We built a quality accounting system solution that not only increased efficiency in reporting but also gave our client peace of mind in knowing the report quality would meet its investors’ expectations. Our custom reporting system captured select data sets that are critical to the investors and utilized technology that sped up the entire reporting process.
Above and Beyond Results
Our goal was to help the client reduce some of its stress by implementing accounting processes and systems that allowed for high quality reporting to the investors. We also helped the client develop practices for managing investor demands and setting proper expectations that the investors could rely upon in the future.