Attract/Retain Talent and Deliver Greater Client Value
One of the most important and complex back-office responsibilities for fund administrators on behalf of their clients is to properly calculate and allocate carried interest to investors. Any misallocation of profits can turn the investor relationship sideways and lead to reputational damage and client churn.
In the past, firms that were capable of recruiting and retaining high-skilled talent had consistently achieved a competitive edge. However, amid fierce competition and rising compensation for highly sought-after back-office personnel, is proving very difficult for these firms to keep pace with their growth and sustain a high operating and service-delivery standard. In a recent E&Y survey, more than 100 COOs and CFOs in the private equity industry shared that besides asset growth, talent management and enhancing back-office processes were of utmost priority.
Consequently, fund administrators are shifting their attention to waterfall automation to drive a digital culture to attract, retain and scale their back-office organization. While Excel has been the industry ‘universal’ standard amongst fund accountants to perform their work, the Cascata solution is designed for fund accountants to elevate their operating standard well beyond Excel to a fully ‘digital experience’ with automated processes and workflows, standardized waterfall calculation best practices and 100% self-administration. Fund accountants no longer must manage independent Excel spreadsheets making it easier for reporting and freeing up invaluable time to focus on more strategic tasks. The net result is increased employee efficiency, performance and satisfaction that ultimately results in improved talent management and increased client value and trust.
If you are interested in learning more or requesting a demo of the Cascata digital waterfall fund administration platform, please contact us at firstname.lastname@example.org or click this link.
Cascata Solutions is dedicated to delivering advanced digital cloud solutions for private equity, asset managers and fund administrators to modernize their back office operation for distribution waterfall administration and more.
The founding team brings 30+ years of experience delivering technology and business transformation programs for leading financial services institutions and aims to replicate its success to help the private equity market redefine its operating model and create competitive advantage amid market uncertainty, increased competition and investor and regulatory scrutiny.
99 Wall Street
New York, NY 10005
Phone: (212) 355-4628
Toll Free: (800) 665-2816
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