Private Equity Accountants: It’s Time to Evolve14 November 2019
When you open a PE fund spreadsheet, the likely first thought that comes to mind is, “Hello, Excel®, my old friend.” Then the second thought is, “Look at the mess I have to dig through.”
If that’s a familiar feeling, then anyone who handles partnership accounting, general ledgers – or has to report on anything from asset performance to cap tables— may be ready to modernize the way they manage their back office.
Sure, Excel® has been a great core business application for many. And for some, those who don’t deal with the complex calculations and the transparency required by investors, it may still be useful. But as we outline in our new piece, Five Reasons You Should Scrap Excel®, it’s time to drop the manual tasks, miscalculation risks, and lack of reporting you’ve long suffered using Excel®.
SS&C Intralinks’ TNR Solution is the modern approach to PE fund accounting. It’s designed specifically to bring portfolio management, partnership accounting and the general ledger all into one user-friendly application. Most of all, TNR does many of the things Excel® doesn’t do: create comprehensive reports and dynamic dashboards, automate complex waterfall calculations, easy version tracking, and audit trails.
So the next question to ask on your next spreadsheet isn’t just which data you need. It’s how to deliver it faster, easier and more accurately. Find out more here.
As Sr. Director of Strategy and Product Marketing for Intralinks, Meghan McAlpine is responsible for the go-to-market strategy and driving the growth of the company’s Alternative Investments solution, the leading communication platform for private equity and hedge fund managers and investors.
Prior to joining Intralinks, Meghan worked in the Private Fund Group at Credit Suisse. While at Credit Suisse, she raised capital from institutional and high net worth investors for domestic and international private equity firms.
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