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BLOG. 1 min read

Bundling TA and Fund Accounting Streamlines Operations

As financial institutions respond to regulatory and reporting requirements, cost pressures, operational efficiency and investor expectations, many would benefit from bundling their transfer agency (TA) and accounting services through a single provider. By bundling these services, financial institutions can achieve greater efficiency, reduce administrative costs, enhance data accuracy and consistency, and reduce operating risk. Relying on a single provider for both TA and accounting simplifies the process by providing seamless data integrations across key fund services.

Some fund types are particularly well-positioned to benefit from TA bundling. Tender offer and interval funds, for instance, require coordination between the transfer agent and the fund accountant to ensure that the right information is communicated timely for accurate shareholder recordkeeping and NAV production. This is particularly critical when a fund needs to execute prorations whereby there is a small window to flawlessly execute the proration of shareholder activity and then seamlessly deliver updated capital stock information to the fund accountant. Having multiple parties managing the different components can introduce additional operating risk.

A separation of duties of the fund accountant and custodian is also a key control element when investing in private assets. The independent validation of assets held and the detail of any associated payments related to private equity and private credit is a key control for ensuring recordkeeping accuracy.

Through SS&C Global Investor and Distribution Solutions, our TA services can be integrated with our fund administration solutions, giving you the flexibility to meet your strategic objectives. We offer accounting for offshore and onshore funds, master-feeder and multi-tier structures, with support for all fund types. Our Global Transfer Agency Platform provides real-time cash reporting, an operational insights dashboard, and global distribution analytics.

To learn more about how bundling your transfer agency and fund accounting services can streamline your processes, download our "Go Beyond Traditional Transfer Agency Boundaries" brochure.  

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