Development of a Comprehensive Portfolio Accounting and Reporting Platform for Financial Service Firms

Fund accounting firms face difficulties in providing accurate, flexible, and compliant financial reporting solutions for diverse investment strategies, including private equity, mutual funds, and securities. Existing systems often lack scalability, user-friendliness, and the ability to adapt to evolving regulatory requirements, which hampers timely reporting and data analysis for fund managers and investors.

A mid to large-sized fund accounting firm that provides portfolio management, compliance, and reporting solutions to asset managers, fund managers, and investors across various investment types.

• Develop a scalable, multi-currency portfolio accounting system capable of handling all investment types with high accuracy.
• Enable comprehensive collection, analysis, and reporting of financial data, including trade operations, investor transactions, corporate actions, and administrative fees.
• Implement features for generating financial statements such as balance sheets, profit and loss statements, and audit reports efficiently.
• Create web-based portals for end-users, including fund managers and investors, providing secure access to investment data, performance reports, and transaction histories.
• Integrate with third-party APIs and data sources for seamless data import from external financial systems and spreadsheets.
• Ensure the platform supports compliance with relevant regulatory reporting standards and offers automation for routine reporting tasks.

• Multi-currency support for handling international investments
• Transaction processing for securities trades, subscriptions, redemptions, and corporate actions
• Portfolio and account management with support for multiple classes, series, and investor structures
• Calculation and accrual of operating expenses, fees, and profit/loss allocations
• Generation of balance sheets, income statements, and other regulatory reports
• Automated data import via APIs and spreadsheet uploads
• Secure web portals for investors and fund managers for real-time data access and report sharing
• Audit trails and compliance tracking mechanisms

• Third-party APIs for financial data import
• Spreadsheet import/export functionalities
• External compliance and regulatory reporting tools

• High scalability to support increasing data volume and user base
• Performance optimized for generating reports within defined SLAs
• Data security compliant with industry standards
• User-friendly interfaces for both technical and non-technical users
• Reliable data synchronization and import processes

The implementation of this comprehensive portfolio accounting platform is expected to streamline financial reporting processes, reduce manual errors, and enhance data accuracy. It will empower fund accountants, managers, and investors with real-time access to critical investment data, ultimately improving reporting efficiency and regulatory compliance. The platform aims to support a high volume of transactions and data points, leading to faster report generation and increased client satisfaction, with a measurable impact on operational efficiency and data reliability.