KOGER, which provides software for investor services, compliance, and business process management, has updated its private equity administration platform.
The company has updated the platform to manage the entire investor process, including automation of the distribution waterfall.
It handles comprehensive PE processes, from customer relationship management to investor allocations and automation of the waterfall, as well as reporting, regulation and compliance.
“We have found that many asset managers are still using spreadsheets for complex functions such as calculation of the waterfall, said Ras Sipko, KOGER chief operating officer. “Investors are looking for transparency and accuracy is critical for fund managers. Our technology streamlines these processes and provides private equity CFOs with greater operational efficiency.”
KOGER’s platform automates investor management, client onboarding, complex fee automation and transaction processing. The technology for waterfall calculations allows PE administrators to manage profit interests, track deal profits, and reconcile underlying cash flows and configurations.
Most PE solutions calculate waterfalls based on pre-defined orders, however; KOGER claims to have eliminated the need for pre-defined orders and removed the dependency of layers.
The software is designed with each layer of waterfall as a separate module which the fund can set up based on its specific needs, meaning the asset manager can create layers of waterfall in many different orders and methods.
Founded in 1994, KOGER works with fund service providers, financial institutions and global asset managers, including hedge funds, private equity funds, retail funds and pension funds.
Its technology supports more than 8,000 investment funds with $2trn in assets. The company’s product suite automates transfer agency processes and administration; Know Your Customer (KYC) and Customer Lifecycle Management (CLM); and business process management.
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
