phoenixamerican
Phoenix American Financial Services provides leading-edge fund administration, accounting and technology for the alternative assets industry. Visit site: https://www.phxa.com/fund-accounting/
10 Ways Third-Party Fund Administration Saves You Money
The benefits to investment funds of outsourced fund operations, including fund accounting, administration, tax services, sales reporting, investor phone support, web portal, printing, fulfillment and compliance support, are many and varied. But here are 10 ways that third-party back office outsourcing simply benefits the bottom line:
1. Payroll savings
The costs and complications of maintaining an in-house staff for fund operations only magnifies as your fund succeeds and grows. Sick time, vacations, employee benefits, training, etc. are a considerable expense and an unnecessary headache for a successful and expanding office. Hiring and firing, overstaffing and understaffing, training and retraining are ongoing challenges. Quality third-party fund operations gets all the back-office tasks done with no staffing or human resources issues.
2. Efficiency
Specialized systems in the hands of trained and experienced operators accelerate and streamline every back-office function. Hours spent on new investment entry, resolution of errors, reporting, maintenance, transfers, distributions and commission calculations are minimized. Controls built into administration systems that apply data uniformity, minimize errors, track activity and provide audit trails also enhance efficiency.
Read More: 10 Ways Third-Party Fund Administration Saves You Money
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415-485-4500
10 Ways Third-Party Fund Administration Saves You Money
By phoenixamerican
10 Ways Third-Party Fund Administration Saves You Money
The benefits to investment funds of outsourced fund operations, including fund accounting, administration, tax services, sales reporting, investor phone support, web portal solutions, printing, fulfillment and compliance support, are many and varied. But here are 10 ways that third-party back office outsourcing simply benefits the bottom line. The costs and complications of maintaining an in-house staff for fund operations only magnifies. Read more on https://bit.ly/2F5RGwR
