LaCrosse needed a flexible and scalable investor accounting and reporting solution for its growing fund administration business and recognized that InvesTier could help with a broad range of client requirements, fee structures, allocation rules and fee calculations. Integrating InvesTier with LaCrosseâs existing portfolio accounting system and investor relations management systems will also help the firm gain operational efficiencies. Using InvesTier, LaCrosse is able to maintain consistent, documented processes and procedures for delivering investor accounting, timely and accurate reporting, and information to its fund clients, both on-demand and at month-end.
Christopher Kundro, co-chief executive officer of LaCrosse Global Fund Services, said, âSunGardâs InvesTier helps support our aggressive growth by allowing us to take on new fund administration clients, including U.S. partnerships and offshore, unitized investment corporations. The system provides ease of use and rapid deployment at two locations in just three weeks, with the ability to expand its use to other locations globally as our fund administration business continues to expand.â
Emanuel Mond, president of SunGardâs alternative investments business, said, âGlobal fund service providers such as LaCrosse require global solutions that deliver comprehensive fund and investor accounting on a single platform in order to remain competitive. SunGardâs InvesTier provides transparency and insight into a fundâs operations, supports complex fund structures, and offers the flexibility to meet the disparate needs of new fund clients on a global basis.â