News and Events

FundCount Signs Two New Fund Administration Clients for the Company’s Accounting and Investment Analysis Software

Press Release · Posted on 30 March 2017

BOSTON, MA, March 30, 2017 – FundCount, LLC, a Boston-based provider of integrated investment, partnership and general ledger accounting software, today announced that Benefit Trust and Sterling Trust have selected FundCount for their fund administration business.

FundCount improves accuracy and streamlines operations by integrating accounting and investment data from disparate systems through its single multicurrency general ledger. By selecting FundCount, Benefit Trust and Sterling Trust will have a comprehensive investment analysis and reporting solution capable of supporting the intricacies of fund administration. It will enable them to quickly track and report on clients’ complex holdings across asset classes, provide fiduciary reporting and accurately calculate management and incentive fees, net asset value (NAV) and other financial data.

Benefit Trust signed a multi-year, multi-user agreement with FundCount based on FundCount’s strong investor accounting functionality, ease of integration and superior reporting. FundCount’s highly flexible data import/export capabilities will facilitate integration with Benefit Trust’s trading, custody and risk management platforms to provide a seamless flow of information. An expansive range of reports and ease of report customization also contributed to Benefit Trust’s decision to choose FundCount. Kansas-based Benefit Trust, a privately held full-service, fiduciary trust company with over $14 billion in assets.

Sterling Trust (Cayman) Limited, a fund administrator based in the Cayman Islands, has selected FundCount software to help the firm meet the fund accounting, investor accounting and reporting requirements of its insurance clients. FundCount brings a level of efficiency and sophistication that will support Sterling Trust’s recently expanded fund administration business now and in the future. Implementation is currently underway. Sterling Trust is expected to be live on FundCount within two months.

“Fund administration is very specific and detail oriented. As a purpose-built accounting, investment analysis and reporting solution, FundCount’s accounting support and functionality is difficult for institutional asset management systems or less robust software to match,” said Alex Ivanov, CEO and founder of FundCount. “Adding Kansas-based Benefit Trust and Sterling Trust Cayman as clients demonstrates the applicability of FundCount for fund administrators across geographies. We are delighted to welcome both Benefit Trust and Sterling Trust to the FundCount family.”

About FundCount

Founded in 1999, FundCount provides integrated accounting and investment analysis software that improves operational efficiency and delivers immediate, actionable intelligence to clients around the globe. Today, over 100 hedge funds, single and multi-family offices, fund administrators and private equity firms worldwide with assets totaling more than U.S. $75 billion rely on FundCount for accurate, timely information and flexible reporting. FundCount supports its growing client base from the company’s U.S. headquarters and five additional international locations. For more information, visit www.fundcount.com.