The investments are tracked to the decimal. The firm's own books aren't.
Investment firms often run their portfolios with great precision while their own management company's books, fee accruals and expense allocations get less attention. Investors, auditors and regulators expect both to be right, and on time.
One fund manager described our approach to goals and deadlines:
You have planned to set goals along with me and have been proactive in ensuring that we reach milestones as planned. In the event you depended on me for my inputs or consent, you have been prompt and caring in ensuring that we do not waste time.
Quoted word for word from our clients. Some quotes use our former name, Soatech.
Follow ₹12 crore of fees through a typical investment manager
Here is the cash cycle of an illustrative investment manager earning management and performance fees:
At ₹12 crore of sales a year, 45 days means about ₹1.5 crore is permanently tied up in the cycle. That is what your bank limit and your own capital are really funding. Invoice and collect fees 15 days sooner and about ₹49 lakh comes back, with no new loan and no new customer.
Illustrative composite figures, not a client's. Your own cycle comes straight from your balance sheet: stock, receivables and payables, each divided by a day's sales or purchases.
Six money problems specific to financial services firms
Fee accruals
Management and performance fees must be accrued accurately and reconciled with fund records. We set up the process.
Reporting deadlines
Investor and regulatory reports are due on fixed dates. We plan the calendar and deliver ahead of it.
Expense allocation
Costs shared between the manager and its funds must be allocated fairly and documented. We do it consistently.
Controls
Investors and regulators expect strong controls. We document and test them.
Audit readiness
Clean books and schedules make audits quick. We keep them ready.
Proactive delivery
You shouldn't have to chase. We set goals with you and track every milestone.
Want a CFO to look at your numbers?
A senior CFO reviews your figures with you and shows you where to improve. No cost, no obligation.
How we support financial services firms
A reporting calendar
Every investor, regulatory and tax deadline.
Fee accrual and reconciliation
Monthly, with fund records.
Expense allocation
Policy, calculation and documentation.
Controls and audit support
Documented, tested and ready.
Milestone tracking
Goals agreed with you and tracked to completion.
Check your own numbers
Compare a full-time finance head's real cost with a CFO-led team:
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What clients say
Some of the businesses we work with.
They have facilitated us in putting both process and financial systems in place as well as take some very difficult but required decisions. We are indeed pleased to record our appreciation of their individualized, friendly and timely support in our activities during the course of their association.
Soatech has been an excellent partner to ideasurge for the last five years as our one-stop shop managing Accounts, Audit and Payroll. In addition, they have been instrumental in coordinating with a prior accounting firm and getting us up to date with all regulatory and statutory needs. Soatech now seamlessly operates as an extension of ideasurge for all Finance functions.
Quoted word for word from our clients. Some quotes use our former name, Soatech.
Questions owners ask us
Do you work with fund managers and family offices?
Yes. We handle fee accruals, expense allocation, investor and regulatory reporting calendars, controls and audit support.
Can you meet tight reporting deadlines?
Yes. We plan the calendar with you, set milestones and deliver ahead of each deadline.
Do you provide fund accounting?
We focus on the management company's finance function and reporting. For fund-level accounting we work with your fund administrator.
