Fund accounting is a unique beast.

Traditionally, it was driven by manual workflows, siloed systems, and spreadsheets—tools that once got the job done. While routine tasks, such as transaction reconciliations have been partially automated, critical workflows remain largely manual.

Approving fund reclassifications, managing compliance reviews, and ensuring accurate reporting still require human oversight.

What’s worse? The tools you may rely on haven’t kept pace. Many stopgap solutions (as simple as spreadsheets) create blind spots, forcing you to operate reactively rather than proactively.

Even a minor delay in one step, say, finalizing capital activity, can ripple through distributions, valuations, and Limited Partners (LP) reporting.

Whether you’re a fund manager or administrator, this ultimately drains your time and increases risk. It’s time for structural change. One that shifts from fragmented execution to connected intelligence, bringing automation to the heart of fund accounting.

How RAISE FAS Automates What Matters: Benefits for Fund Managers and Administrators

This RAISE platform consolidates the core of your workflows and builds coordination into the system itself. Here’s what that looks like in action:

1. System-led fund accounting

Manual accounting workflows rely on memory: who entered what, what’s been reconciled, and what still needs to be done. With RAISE FAS, once capital activity or a valuation is posted, the platform generates allocations, ledger updates, and investor notices automatically.

This empowers the fund admin to focus on preparing for investor communications with supporting details that are already matched. For fund managers, this means pulling updated Internal Rate of Returns (IRRs) and capital account summaries minutes before an LP meeting.

2. Milestone-aware workflows

Without real-time visibility into what’s pending, timeline risks grow quietly. A pending approval goes unnoticed until close, and a delayed valuation pushes out LP reporting. RAISE FAS monitors key milestones across roles and dependencies for you.

Tasks are time-stamped, sequenced, and surfaced so you can intervene before an escalation occurs. As each task is completed, the system updates the close checklist automatically and alerts the next role—a boon for fund admin.

Simultaneously, if a Q2 NAV is due in four days and the preparer hasn’t submitted it, RAISE FAS can notify the assigned fund managers for further action.

3. Investment intelligence

When information is buried across files, responding to investors or internal questions takes hours. By the time you get the data, the moment to act has passed.

With RAISE FAS, you never have to worry about that, as all performance metrics, risk profiles, and historical records are always live and structured.

If you’re a fund manager and an LP asks about fintech exposure post-QQ, you can filter by sector, see updated returns or valuation trends, and send a snapshot on the same call.

Fund administrators, too, can avoid recreating the same views in different formats. For instance, if a year-on-year return table is requested, it can be exported directly from RAISE FAS—without using any pivot tables. Talk about a smooth automation experience!

4. Seamless collaboration

Working across fund teams, admins, and auditors usually means manually managing versions, permissions, and review cycles. RAISE FAS integrates with RAISE Connect, which provides a secure, cloud-based document repository for all fund-related data.

That means you enjoy real-time access and document sharing capabilities from any device, along with version tracking, in-line comments, and role-based permissions.

For instance, if you’re a fund manager, you can simply upload a revised LPA once, enabling legal, ops, and LPs to view, comment, and move it forward. This interconnected approach enhances operational efficiency, reduces compliance risks, and streamlines fund reporting workflows.

Every approval, comment, and revision is tracked from a fund admin perspective. No more documents flying back and forth. No more feedback getting lost in emails. When audit season comes, the full trail is already there and ready for review.

Moving From Process to Progress With RAISE FAS

RAISE FAS enables continuous clarity without cross-checking, faster LP communication minus the friction, and data-driven foresight that can shift from reactive work to strategic contribution for fund managers and administrators.

Fund accounting, investor reporting, and document tracking run from a single, connected environment. The best part? The system adapts as you scale, helping you move the needle every step of the way.

Explore how RAISE FAS can help you in your endeavor to automate fund accounting. Contact our team for a consultation.

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