“Exchangelodge has been an incredible leap forward for us. We transformed our operating model and re-allocated 25% of our staff to higher value tasks.”
Paul Guercio
Managing Director Finance and Investor Operations
THE PROBLEM
GCM Grosvenor was duplicating all the work they had hired a fund administrator to provide
PROBLEM
RESULT
IMPACT
Cannot trust the data provided from third party administrators
Manual paper-driven review process
Wasted time and resources
High dependency on legacy technology
Parallel books and records for all portfolios
Limited ability to scale
PROBLEM
Cannot trust the data provided from third party administrators
High dependency on legacy technology
RESULT
Manual paper-driven review process
Parallel books and records for all portfolios
IMPACT
Waster time and resources
Limited ability to scale
THE GOAL
Outsource the low value work and integrate the high value data results
THE SOLUTION
The Administrator Oversight solution introduces automated validation and oversight of core accounting data and optimized workflow to review and approve exceptions.
DATAFLOW AUTOMATION
Real-time, automated integration across almost 20 datasets including:
Master Entity Data and Attributes
Investment Pricing and Transactions
Investor Balances and Transactions
Cash Transactions
General Ledger Balances
Data Interrogation and Cleansing
Over 50 business rules and validations with associated remediation workflows including:
Missing/Stale Prices
Mismatched Transactions
Oversized Returns/Valuations
Cash Reconciliation
Drift Analysis
PROCESS CONTROL
Full process transparency into data collection
Real time status updates across all portfolio valuation activities
Full audit control to support SOC 1 adherence
THE RESULTS
Reallocate resources to analysis and other high value tasks.
Achieved operational flexibility and scalability by eliminating parallel work.
Unified integrated business process across all counterparties built on modern technology.
“We were able to increased process efficiency by 300%. An accountant used to be able to handle 12 portfolios, now they can manage over 30.”