What is Fund Administration?

man sitting in front of table

InvestGlass automates fund administration, a process that was once done manually. Fund administration includes tasks such as preparing and submitting financial statements, calculating and paying taxes and ensuring compliance with regulations.

Strong of years of software improvements and feedback from fund administrators, back office teams, compliance teams, and fund administrator, we built a killer app! InvestGlass’ software makes this process easier and faster, allowing you to focus on what’s important – growing your business!

1. What is fund administration and what InvestGlass automates
2. How InvestGlass makes the process easier and faster for fund managers
3. The benefits of using InvestGlass for fund administration
4. Future trends of digitalization and fund administration

1. What is fund administration and what InvestGlass automates

Investment firms use fund administration to outsource the financial and administrative tasks related to their venture capital funds. InvestGlass automates the process, making it easier and faster for firms to manage their funds.

The migration process into InvestGlass starts with 5 steps to carefully follow. These steps are meant to optimize the fund administration process. Our team has been working with the fund industry for the past eight years. This experience helps us to automate fund administration activities to their best. Of course, the fence structures are different from one company to another. This is why it’s important to onboard your in-house team as soon as possible and understand potential investors’ needs as soon as possible too.

Migration with InvestGlass

Investment managers should contact the Investglass team as soon as possible. We would say just after the bank account opening. For administration professionals and possibly hedge funds will appreciate the way we are automatizing investments for processes. Hedge funds usually run with small teams. And they will appreciate that we have them for prospect onboarding, nerve calculation, and operational efficiency.

2. How InvestGlass makes the process easier and faster for fund managers

InvestGlass’ software automates many of the processes that are traditionally done manually in fund administration. This speeds up the process and reduces the chance of errors. InvestGlass’ software is also user-friendly, making it easy for investment firms to learn and use. The benefits of using InvestGlass for fund administration include:

– Reduced time and manpower needed to complete administrative tasks

– Automated processes reduce the chance of human error

– User-friendly interface makes it easy for investment firms to learn and use

With InvestGlass forms, you can easily collect information from your customer. Then you can build digital forms for any type of prospect:

  • hedge fund managers
  • private equity funds of fund
  • pension funds
  • a global network of high-net-worth individuals
  • family offices

The form system can be enhanced with an SMS signature hosted directly into InvestGlass. This means that the customer’s identifiable information remains in the same tenant! We truly believe that administration services can be automated and this will have a positive impact on the fund’s income.

white and blue building under white clouds during daytime
Luxembourg, capital of fund administration in Europe

3. The benefits of using InvestGlass for fund administration for fund administrators

Using InvestGlass for fund administration provides a number of benefits for investment firms:

  • Reduced time and manpower needed to complete administrative tasks
  • Automated processes reduce the chance of human error
  • User-friendly interface makes it easy for investment firms to learn and use

The solution has been developed for fund administration firms. The main idea is to collect all the fund services under the same technology these departments are working together: middle office (IBOR), fund accounting (ABOR), and transfer agency/investor servicing.

InvestGlass can be used for multiple asset classes and usages :

  • real estate funds with geographical representation on a map
  • interests calculations
  • reporting requirements checklist
  • records payment
  • expenses accruals
  • record payments
  • statutory reporting
  • intelligent reporting
  • broad asset coverage
  • multi-jurisdictional support
  • NAV calculations
  • performance measures
  • regulatory compliance
  • interests calculation
  • expense accruals
  • anti-money laundering automation
  • ensuring collection via the campaign tool
  • track daily purchases and send automated alerts

The solution is cloud-native and cloud-agnostic which means that you can run InvestGlass on a Swiss server or on your own premise. This technological infrastructure is used by banks and the fund industry for the past 8 years. This also means that with InvestGlass API you can connect multiple frameworks. An API is also available for your mobile application. InvestGlass is a tool created by and for fund administrators. It automates many processes that are traditionally done manually, reducing the time and manpower needed to complete tasks such as preparing and submitting financial statements, calculating and paying taxes, and ensuring compliance with regulations.

man sitting in front of table
Fund administration made simple

4. What is fund accounting and the future trends of digitalisation

As technology advances, so does digitalization. This is having a significant impact on the world of finance, including in the area of fund administration. It is predicted that in the future, more processes will be automated, resulting in even further efficiency gains. This will allow investment firms to focus even more on growing their business while leaving the tedious administrative tasks to InvestGlass.

The InvestGlass Workflow and Exception Manager is what sets InvestGlass Multifonds apart from other fund administration solutions This module helps investment firms to manage their funds more effectively and efficiently The InvestGlass Workflow and Exception Manager allows firms to:

– Automate workflows and processes, reducing the time and manpower needed to complete tasks such as preparing and submitting financial statements, calculating and paying taxes, and ensuring compliance with regulations

– Set up custom workflows to suit their specific needs

– View and track the progress of all workflows in real-time

– Receive alerts when workflows are completed or when there are any exceptions.

Digitalization is having a significant impact on the world of finance, including in the area of fund administration. It is predicted that in the future, more processes will be automated, resulting in even further efficiency gains. This will allow investment firms to focus even more on growing their business while leaving the tedious administrative tasks to InvestGlass. InvestGlass provides a number of benefits for investment firms, such as reducing time and manpower needed to complete administrative tasks, automated processes that reduce the chance for human error, and a user-friendly interface that makes it easy for investment firms to learn and use. The solution has been developed specifically for fund administrators and can automate many processes that are traditionally done manually.

What is Fund Administration

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