A global real estate investment manager required a third-party fund administration and property accounting provider that could scale at a pace consistent with its own growth and deliver quality reporting, treasury and administration services at a service level higher than it could achieve on its own.
FTI Consulting was engaged to design, implement, and operate an improved accounting and administration platform that would enhance efficiency, scalability and reporting quality.
The newly implemented operating model, along with the fund administration partnership with FTI Consulting could seamlessly accommodate a higher level of portfolio and investor growth with improved service quality across the board. Investor communications improved, reporting timelines decreased, and investors praised an improved control environment and objectivity given the involvement of an industry-leading third-party provider.
The real estate investment manager rapidly realized technology, human resource and process efficiencies, including improved controls by leveraging FTI Consulting's SOC-1 compliant environment.
FTI implemented a fund accounting platform and investor platform on the client’s behalf, resulting in more robust tools that automated AP and treasury functions, streamlined accounting processes and strengthened controls.
The investment manager gained improved communication channels with robust processes to interface with investors and other third parties.
FTI Consulting implemented highly controlled processes and technology, operating in a SOC-1 Type 2 environment, to support increased transaction volume.
Our experts functioned as an extension of the investment manager’s team, providing day-to-day accounting and administration support and served as advisors in support of transactions and complex business challenges.
FTI Consulting’s flexible approach allowed the client to continue operating within their own technology infrastructure but functionality was supplemented by FTI Consulting’s technology stack, allowing for an integrated best-of-breed model.
The team set up a new banking relationship and implemented improved Treasury and AP processes that leveraged industry leading practices.
On an as-needed basis, FTI Consulting experts addressed gaps in specialty areas such as valuations, financial modeling, tax, cybersecurity and project management.
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