A black swan event in finance is characterized by its rarity, unpredictability, severe impact and the belief that maybe – just maybe – it was actually obvious and we should have seen it coming. This sounds quite a bit like COVID-19. Asset management firms that had worst-case scenario contingency plans backed by robust systems were…
A multi-family office in Boston chose FundCount for its flexible reporting, strong integrated general ledger, competitive cost, and robust partnership accounting. The firm will initially use FundCount to support at least 10 high net worth families, but anticipates that the software’s flexible reporting and general ledger tools will enable them to attract new clients going forward.
A Chicago-based hedge fund with more than $400m in assets needed an efficient way to ‘slice and dice’ investment data into reports for senior management and investors. With over 40 investors and 20 different funds across different asset types, including public and private equities, long-term structured notes and options, consolidation was challenging. FundCount enables all of their entities to talk to each other so information can be aggregated quickly and accurately.
Quote of the Quarter
“Our issue was solved very quickly and the quality of the response was also great.”
-Tomas Cabo, Contador, Posadas & Vecino
FundCount now includes automated budgeting and cash flow forecasting to support the needs of any type of family office, fund administrator, hedge fund or private equity firm. The solution seamlessly integrates into a firm’s existing processes to create the budget using actual data, which automatically populates from FundCount to compare with forecasts.
Phillip King has recently joined FundCount as a senior business analyst, where he will be working on implementations and client support to ensure the best user experience. Phillip comes to FundCount from JP Morgan and brings over 15 years of financial services experience in operations, accounting and reporting to his new role. Please join us in welcoming Phillip to the FundCount team.
FundCount kicked off the spring awards season by claiming three prestigious wins across different organizations, geographies and categories.
- Best Partnership Accounting System
- Best Consolidated Reporting
- Best Client Accounting
The conference season was thrown off track with COVID-19. While some event organizers quickly pivoted to virtual events, others opted to postpone to a later date. Connect with FundCount at the following events:
FundCount is a proud sponsor of the FWR Family Office Fintech Summit, which is now virtual. Sessions will be available online through May 12.
The Lido Family Office Investment Symposium, originally scheduled for March 18th has been postponed. FundCount will be exhibiting and speaking at the Symposium once new dates are announced. Stay tuned for further information.
As a technology firm with clients around the globe, remote support is part of our day-to-day operations. While everyone at FundCount is now working from home rather than together in regional offices, we haven’t taken our eye off the ball – our customer service professionals are as committed as ever to providing the outstanding support clients have come to expect
from FundCount. Don’t hesitate to contact us with any questions.
Founded in 1999, FundCount provides integrated accounting and investment analysis software that improves operational efficiency and delivers immediate, actionable intelligence to clients around the globe. Today, over 130 hedge funds, single and multi-family offices, fund administrators and private equity firms worldwide with assets totaling more than US $150 billion rely on FundCount for accurate, timely information and flexible reporting. FundCount supports its growing client base from the company’s U.S. headquarters and four additional international locations.