Client Summary
Client type: Hedge fund
Problem: With a growing portfolio and increasing requirements to manage expense allocations and invoices, the firm sought to streamline their expense allocation process.
Solution: The firm selected HUB Expense Management, a SaaS solution which collects and organises all expenses data from any source, with workflow to manage and allocate expenses and track through to payments.
The problem: Spreadsheet-based expense allocations and invoices
This US-based hedge fund platform launched in the past decade, operates a multi-manager model focused on long/short equity strategies. The firm managed expense allocations and invoices through spreadsheets before moving to explore technology-driven approaches. Seeking greater automation and scalability, they implemented a solution designed to streamline fund expense allocations with precision and flexibility.
The solution: Streamlining hedge fund expense management
The firm selected HUB Expense Management, a SaaS solution which collects and organises all expenses data from any source, with workflow to manage and allocate expenses and track through to payments.
- Real-time exception-based workflow that automatically calculates and verifies fund level expenses
- Manual workloads minimised by automated expense allocations
The solution demonstrated HUB’s ability to handle the firm’s expense management needs with flexibility, speed, and precision. Automating routine tasks and expense allocations freed fund accountants to focus on analysis while establishing a scalable framework for complex reporting in the event of fund growth.
How the solution works
- Expenses are allocated consistently and correctly across funds, portfolios or strategies
- Lightweight Implementation (45 Days): onboarded with limited disruption to the team
- Scalable infrastructure to support future growth
Implementation highlights
- Zero-cost PoV (2 weeks): Delivered under NDA with full onboarding support
- Lightweight Implementation (45 Days): onboarded with limited disruption to the team
- Simple & Straightforward Commercials