Fund accounting in alternative investments has always been a complex and multifaceted discipline. Between capital calls, distributions, NAV calculations, and investor reporting, each process relies on multiple data sources, cross-functional coordination, and precise timing

The stakes are high, and even minor errors can have a ripple effect on investor relations and compliance workflows. Yet over 30% fund managers still rely on spreadsheets for critical portfolio management functions.

As funds expand and portfolios become more diverse, the operational pressure intensifies. Manual reconciliation, cross-team reviews, and Excel-based static Excel silos have inherent limitations.

This is where technology, especially AI, is transforming operational efficiency and decision-making, facilitating real-time transaction alignment, advanced strategic analysis, and enhanced investor transparency.

And RAISE is at the forefront of everything, connecting fund accounting, compliance, investor communications, and day-to-day operations within a single environment that ensures information is accurate, accessible, and consistent.
In this blog, we explore five real-life applications of RAISE technologies in fund accounting:

1. Automated Capital Calls and Distribution Management

A mid-sized private equity firm manages commitments from eighty investors.

Each capital call requires several days of coordination across accounting and investor relations teams. Commitments are tracked across multiple spreadsheets, notices are generated manually, and payment confirmations are reconciled individually.

Accuracy is critical; however, these processes require considerable time that could be dedicated to portfolio analysis and strategic review. The RAISE Fund Accounting System (FAS) automates the validation of investor commitments against the subscription records maintained in the system.

The platform’s AI-driven logic checks for inconsistencies in contribution amounts, due dates, and previous drawdowns before notices are issued.

Once validated, capital call letters are generated from pre-approved templates, reviewed for accuracy, and distributed to investors directly from the platform.

As payments arrive, RAISE tracks receipts in real time and reconciles them against investor accounts. Any variance, such as partial or delayed payments, is flagged immediately for review and addressed promptly.

Each step, from calculation to collection, is logged within a complete audit trail.

2. Accelerated NAV Calculation and Reporting

A venture capital firm handles several active funds across different geographies. And each quarter-end, their accounting team spends nearly three weeks preparing NAV reports.

Data from portfolio companies, custodians, and bank accounts arrive in separate formats and at different times. Every transaction has to be verified, reconciled, and standardized before valuations can begin.

With RAISE, the firm utilizes an integrated data and reconciliation framework that consolidates all transaction-level information through secure APIs and file-based imports. Every entry, including capital movements, valuations, and expense allocations, then flows into a single environment.

AI reconciliation algorithms cross-check these transactions against bank feeds, journal entries, and investment schedules to identify anomalies such as duplicate postings, missing accruals, or inconsistent valuation dates.

Once reconciliations are complete, NAV calculations run automatically based on each fund’s structure, share classes, and fee policies.

3. Streamlined Compliance and Risk Management

A fund administrator works across Europe and Asia – each new investor onboarding involves multiple document types, like passports, incorporation certificates, beneficial ownership proofs, and tax declarations.

Checking each one manually against several compliance databases takes two to three weeks, depending on how quickly documents are received and verified. Delays here create friction for investors and hold up capital deployment for the fund.

With RAISE Compliance Risk Assessment (CRA), the fund administrator is able to automate this process from document intake to verification.

Uploaded investor documents are read through AI-driven extraction, which identifies key data fields such as names, entity types, registration numbers, and jurisdictions.

The system automatically pre-populates KYC and AML records, reducing manual entry and standardizing data across teams.

Compliance checks are then run simultaneously. RAISE integrates directly with third-party data providers, including LSEG World-Check and Open Sanction, to screen for politically exposed persons, adverse media, and sanction listings.

FATCA and CRS information is incorporated automatically into each investor’s tax profile, ensuring the correct regulatory treatment from the start.

All compliance activity runs through a structured workflow. Tasks are tracked, progress is visible, and automated alerts notify you of pending approvals or expiring documents. Every step, from screening results to reviewer comments, is stored within the system’s audit trail.

4. Enhanced Transparency for LPs and Auditors

A sovereign wealth fund is responsible for several private equity partnerships. Every quarter, they receive a series of static PDFs, such as capital account statements, fund performance summaries, and portfolio updates, arriving days or weeks apart.

When questions arise, their investor relations team spends hours gathering responses from accounting, compliance, and operations to compile the latest numbers. The information is accurate but slow, and collaboration remains reactive.

That’s where RAISE Connect enters the picture.

Instead of sending files back and forth, the firm is able to publish information directly within the portal, where investors can access the latest portfolio-level analytics, benchmark performance, and filter data by period, commitment size, or investment type.

The dashboard adapts to user preferences, allowing investors to create personalized views of fund performance.

All underlying documents, like financial statements, due diligence packs, and legal agreements, reside in an encrypted virtual data room that maintains version control and access logs.

Most importantly, RAISE Connect also streamlines audits.

External auditors gain secure, time-bound access to the data they need, with full traceability of changes. The system records when each document was uploaded, reviewed, or modified, creating a transparent audit trail without additional administrative effort.

5. Integrated Back-Office Collaboration

A real estate investment manager is operating across three countries. The fund’s accounting, investor relations, and compliance teams all work in different time zones.

Investor queries come through email, follow-ups get lost in crowded inboxes, and internal approvals take longer than expected. Even minor coordination gaps can result in a reporting delay or a missed update.

RAISE Desk creates a structured environment for managing communication and workflows. Every query, whether from an investor, auditor, or internal stakeholder, automatically becomes a ticket with defined ownership, priority, and due date.

The platform routes each item to the right team or individual through automated notifications, removing the need for manual tracking through emails or spreadsheets.

With real-time updates, the manager prioritizes high-impact tickets and maintains visibility into ticket status. Whether it’s an urgent capital call or a routine inquiry, RAISE Desk ensures the agents address critical tasks promptly while supporting service-level agreements.

Internal comments, document attachments, approvals, and task assignments are all housed within the same workspace.

The senior team members can review and approve responses before they’re sent, ensuring accuracy and professionalism while preserving a single, auditable record of communication.

In addition, built-in analytics surface recurring issues, highlight response times, and track ticket volume and resolution rates, providing the data needed to refine processes, reallocate resources, and reduce repeat escalations.

Creating Lasting Value for Investors With RAISE

The future of fund accounting emphasizes operational efficiency and strategic insight. By automating routine processes, teams can focus on analysis, collaboration, and informed decision-making.

As automation and AI become part of everyday operations, you gain more clarity in your data and more confidence in every step. With RAISE, you build the kind of foundation that keeps your operations steady, your data clear, and your focus where it matters most.

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