Cost-Effective Ways to Handle Accounting, Reporting, and Administrative Services

One of the keys to running any successful investment management business is to ensure the portfolio manager(s) have as much time and support as possible so that they can focus on executing the investment strategy. It’s important to provide that support in a cost-effective way, however.

Outsourcing your fund administration function to EFSI can help you take advantage of cost and efficiency savings so that your portfolio managers can focus on doing what they do best. Some of the cost efficiencies include:

Reducing Paper

Keeping boxes and boxes of paper receipts and documents requires extra storage and management by an internal team. Those costs may be small when you are just starting up your investment management firm, but as your firm grows, these costs grow at an exponential rate. EFSI uses secure cloud technology to cut down on the paper and storage needed to operate your fund and management company.

Direct Expertise

EFSI’s leadership team have decades of experience working with alternative investment managers of all strategies and sizes. Our fund accountants are specially trained in alternative investment fund administration, meaning our clients benefit from a more expeditious service, minimising costs.

Bespoke Technology

A fund administration firm that uses cutting-edge technology can provide valuable data-driven insights into an investment manager’s process. EFSI works with PFS-Paxus and WireSecure to provide these insights to our clients, but that’s not all. These technologies reduce risk and improve transparency, saving our clients not only time but money, given their scalability. 

Time Management

Outsourcing your fund administration reduces the risk of overburdening an internal team that may have other responsibilities and duties outside of the fund administration function, enabling them to focus on front-office tasks that support either the investment strategy or the capital-raising process. 

Anthony D. Mascia is Managing Partner at EFSI. Connect with him on LinkedIn here.

*******************
EFSI is an independently owned, SOC-1 compliant, full-service fund administration firm. We provide accounting, reporting, administrative, and capital introduction services to a wide range of alternative investment funds including hedge funds, funds of funds, private equity funds, real estate funds, venture capital funds, and family offices. The center of EFSI’s service incorporates resilient technology and accomplished staff, providing clients a tailor-made service with exhaustive transparency. Give us a call today or reach out to our support team online. We look forward to hearing from you soon.