Automation in Allocations and Reporting Fi-Tek

A large Hedge Fund Administrator deploys HedgeTek to streamline operations and centralize Investor Services & NAV Allocations on a single platform.

Client Profile The client is a leading fund administrator catering to hedge funds, fund of funds, private equity funds and other alternative investment vehicles.

Problem Definition

Prior to deploying HedgeTek the client used manual spreadsheets to prepare allocations which was time consuming and error-prone. They needed to have a system in place that would automate the allocation process and thereby bring in greater efficiency & accuracy in their operations. Customized reporting was also a key requirement to service their investor base and client needs.

Solution Offered

With the implementation of HedgeTek allocations are completely automated; fund valuations flow directly from the administrator’s General Ledger system into HedgeTek, which then calculates P&L and fees. FX rates are also imported directly from pricing feeds, such as Bloomberg, adding automation for their multi-currency funds.

Fi-Tek also developed a custom reporting tool within HedgeTek which allows the administrator to upload their own report templates and merge static & financial data points directly from the HedgeTek database, enabling them to provide tailor-made reports to their clients.

Benefits Derived

  • Faster turnaround and greater efficiency & accuracy in operations
  • Automated systems leading to minimal manual interventions
  • Customized reporting solution providing flexibility to the user, ensuring higher productivity and client satisfaction
  • More efficient & effective workflow process that has drastically improved the hand-offs between Investor Services and Accounting
  • Significant reduction in monthly workload and increased capacity within the team by replacing manual effort with systematic solutions