Allvue Systems, a leading provider of software for alternative investments, today announced that its platform has been selected by BPM. BPM is a top accounting and advisory firm. Allvue will serve as the technology foundation for the firm’s new fund administration business. So BPM comes to the fund administration market with a proven system behind it.
BPM is adding fund administration to its suite of services. The firm also built its new practice on Allvue’s purpose-built platform. This acquisition combines BPM’s deep accounting and client service expertise with Allvue’s technology. Specifically, Allvue offers best-in-class fund accounting, investor relations and data management capabilities.
“We are excited to bring fund administration services to our clients, and partnering with a leading technology provider like Allvue allows us to go to market with confidence,” said Danuta Fitzsimmons, Partner at BPM. “Allvue’s platform gives us the operational infrastructure we need to deliver the transparency, accuracy, and efficiency that today’s fund managers expect.”
Comprehensive Tools Facilitate Scalable Fund Accounting
BPM’s fund administration practice has access to a comprehensive set of tools through Allvue. First, the suite has fund accounting with multi-currency general ledger functionality. Second, it features automated back-office workflows. Furthermore, BPM benefits from having a fully configurable investor portal. Lastly, the system comes with self-service reporting and dashboard features.
The platform benefits from operational capabilities that are cloud-native along with an infrastructure running on Microsoft-based architecture. Thus, BPM can easily expand. Further, the company can provide institutional-quality servicing from the very beginning.
Allvue also voiced strong support for the partnership. “BPM represents exactly the kind of forward-thinking firm that recognizes the importance of going to market with the right technology from the start,” said James DiCostanzo, Global Sales Director at Allvue. “We are proud to support BPM as they launch and grow their fund administration practice, and we look forward to being a long-term partner in their success.”
Fund Admin Essentials Targets Emerging Administrators
Allvue’s Fund Admin Essentials solution serves emerging and growth-stage fund administrators. The company purpose-built it for firms in that position. It delivers out-of-the-box workflows, self-service client onboarding tools, and an elevated investor experience. In short, a new fund admin gets everything needed to win business. Likewise, teams can service clients professionally from the outset.
Meanwhile, fund managers who want a technology-forward administration partner can now turn to BPM. They are encouraged to connect with the firm directly. Through that conversation, they can learn more about BPM’s new fund administration services.
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News Source: Businesswire.com
