A PE manager ($68B AUM) after using Investran for years across many fund groups without any standards found themselves with no controls, inefficient processes and reporting, and untrained staff.

Investran Utilization Redesign

P&L created transparency of process and reduced the closing process from more than 60 days to 30 days via improved process and controls, an automated reporting process, and integrated handoff of information between GP and funds.

Problem

A PE manager ($68 billion AUM) after using Investran for 6 years across 58 funds and many fund groups (Real Estate, Venture, Buyout, etc.) without any standards, controls or documented processes and procedures found themselves with inefficient processes and reporting, no controls, untrained staff.

Solution

The client hired P&L consulting to diagnose Investran utilization across all fund groups and create transparency and  standards for the fund accounting group.  The effort included defining accounting standards, business processes, Investran utilization guidelines, and training program.

Complexities

  • Understand the needs across multiple groups
  • Eliminating redundant or unclear accounting
  • Improved Investran User Experience
  • Uncovered inconsistencies in financial statement reporting
Case Study

Business Process Remediation

A PE fund ($8B AUM) with a distressed finance and accounting group was required to document and remediate their business processes prior to formal audits.

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