Investment Accounting Platform Migration

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.

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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