Bolster Your Back-Office Talent Management with Waterfall Automation and Digitalization

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 [email protected] or click this link.

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