Tools that will help you manage your private equity funds efficiently

What could be more impressive to your LPs, a $20B Assets Under Management fund with $100M of AUM per Full-Time Employee (FTE), or $1,000M of AUM per FTE? Otherworldly, would you like to see $20 Billion of Assets Under Management managed efficiently by 200 people or 20?

…It’s perhaps better to say that later.

90 out of 100 common stories of the market leaders and followers within the hedge funds and private equity funds based on “how well the machine is built.” We mean to say, how efficiently does the hedge fund or private equity firm account for its growth. Do you think your firm will need a mid-office and back-office in the matter to the size of AUM, or would you leverage high-end technologies and proven practices to manage private equity funds efficiently?

“Reports suggest that leading industry asset managers that leverage technology to optimize their operations have experienced 1.5 x faster revenue growth compared to their peers.”

So, if you want to learn about the tools that will help you manage your private equity funds efficiently, and spend more time investing money, then you’ve reached your destination.

Here will talk about the best ways to manage private equity funds using fund accounting software.

In most cases, spreadsheets and manual processes still exist strongly in the operational environment across all types of asset management firms. Retired investment technology and business processes often come across, increasing overheads and risks that may push firms down. In this scenario, a “dedicated technological pin” approach cannot align with the kind of innovative investment strategies and multi-asset approaches that firms are implementing to redefine the future. Though, hosting, cloud services, and other investment accounting software can help.

To help you get started on the proven path towards digitalization and functional scalability, within your funds, we are going to share some tools that will help you manage your private equity funds efficiently. If you just started and other areas of your firm require technical assistance, you can reach Fundwave, and we would be pleased to help you digitize your fund to acquire desired scalability and operational excellence. As of now, you can go with the following fund accounting software.

How Fund Accounting Software Can help?

Non-profit accounting software keeps a record of funds, expenses, and other transactions with accountability and accuracy at the top. This behavior aligns with the profit-maximizing motto of a wide range of commercial industries. Private equity fund solutions offer a self-contained, balancing ledger bound for specific projects, grants or bonuses, and donations as well. For instance, temples can leverage a temple fun management system to track devotees contributions.

Gauge through the following private equity fund solutions!

1. Blackbaud Financial Edge NXT

Financial Edge offers innovative cloud-based private equity software solutions, especially to meet the specific requirements of nonprofit and government entities. It’s state-of-the-art technology combined with powerful reporting tools work as an extension of your accounting team to bring efficiency, transparency, and financial edge while enabling you to manage transactions, reduce manual process, and share credential information seamlessly with security. It will report you on financial activity from any device anywhere with its 24×7 accessibility.

2. ShelbyNext | Financials

Being a responsible investment steward, it is crucial to managing funds better. ShelbyNext | Financials equipped with world-class technology is a cloud-based software that is specifically designed to meet the needs of private fund firms, ministries, and denominational headquarters. It comes with lots of features that include a general ledger, payroll accounts receivables, and accounts payable, etc. ShelbyNext is the best tool to manage your private equity funds better.

3. AccuFund Accounting Suite

Being the best private equity financial software, the AccuFund Accounting Suite for nonprofits provides both on-premises and cloud-based solutions. With powerful and pocket-friendly financial reporting, it is the best accounting software for nonprofit organizations. Managers often appreciate the ease of reporting and comprehensiveness of the accounting software application. The accounting suite consists of all modern modules organizations could expect, plus customized modules such as client accounting grants management, and more.

4. MIP Fund Accounting

This is a configurable fund accounting solution, designed to align and handle the crucial accounting requirements. It is undoubtedly the best investment accounting software that offers general ledger, accounts payable and receivables, budgeting, and resource management as well. MIP Fund Accounting software exclusively manages private equity funds efficiently.

Today, when the top fund managers are leveraging state-of-the-art technology across the operations (back, mid, and front-office) to achieve increased revenue and profit margins. You too should leverage the above tools to manage your private equity funds better. If you want to leverage technology to increase revenue and reduce overheads, you can reach us at Fundwave to share your concern with the experts and get quotes on the same.