The client and its securities services vendor embarked on a system migration initiative for existing funds to be implemented onto a new investment accounting platform, supporting multi-class and multi-currency requirements. The existing accounting solution could not accommodate the changing technology needs for the fund manager’s growth plans for more complex fund structures, flexible reporting, and hedging requirements. The challenges included a lack of systems expertise for the new accounting platform, complex specifications to support current and future needs, and a restricted time frame for execution.