Fund Accounting Outsourcing

Our client replaced their existing fund accounting software (CAMRA) with Eagle as their existing system was outdated and no longer able to cater to the operational needs of their middle and back office fund accounting functions. However, the Eagle implementation project faced several issues with regards to the vendor’s ability to develop complex system customizations to support the client’s asset allocation process, as well as poor project management. The Eagle implementation project was subsequently abandoned.

We were engaged to perform a cost benefit analysis to determine if the client should continue with the implementation or whether they should outsource their fund accounting operations to a third-party vendor.

What we did

  • We were engaged by the client to join a tri-party arrangement (with the client and its vendor) to manage the onboarding of existing funds onto the new accounting platform, as well as introducing customised reporting per regional operations team and the fund managers.
  • Working with the operations and technology teams from both parties, we brought together all stakeholders involved to implement an end-to-end investment accounting and reporting capability for the client’s immediate and future needs.

Our impact

  • Our project management and expert oversight helped the client onboard all the existing funds on the new platform within the prescribed time frame
  • Smooth rollout of the system, with the minimal impact on BAU activities, and a seamless transition for all parties involved

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