The Ultimate Connect Between Your Administrator and Back Office
By: Tom Cozens
Once a fund has been established, interaction with the limited partners is relentless – requests to the investor for funds, meaningful reports and data back to the investor on fund performance and other statements and documentation.
As for the accounting side, some of the complex fund structures seen today represent a challenge for even the most able of fund services teams. System support to achieve flow through processing is an essential requirement to avoid tying up the accountants in a myriad of manual transactions and postings.
No wonder that private equity firms are looking at their resources and expertise and making tough choices about what to keep in house and what functions they can outsource. Previously, the system selection and the fund administrator selection were separate decisions and often a disconnect between the in-house teams and the fund administrator would create its own raft of challenges, such as data integration and consistency.
SS&C has invested heavily into technology and services for the private equity industry. One example is the market-leading, front- to back-office system The Next Round (TNR), which is employed by over 200 firms worldwide to specialist fund administration teams managing over $65bn in private equity assets.
A hybrid of technology and services allows the private equity teams to manage their own CRM, investor relations, fund raising and deal management through the TNR application (in-house or via the cloud), leaving SS&C to manage the fund accounting and reporting portals for the LPs and portfolio companies, whilst maintaining full transparency of the middle- and back-office data.
Or perhaps you might want another combination of technology and services? You decide. Contact Tom Cozens to find out about the range of PEI solutions from SS&C to best of breed technology.