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In the private equity realm, our client is a trailblazer, pioneering a digital secondary market for private market funds. Their immediate objective was to replicate their financial reports within a modern planning platform for better budgeting and actuals consolidation. They adopted a collaborative approach, co-building with Keyrus experts to not only replicate but enhance their financial framework. The goal was not just compliance but strategic empowerment through accurate data analysis.
By providing real-time visibility into their financials, they aimed to gain deeper insights into their business drivers. This initiative underscores their commitment to innovation and adaptability in a rapidly evolving industry, where data-driven decision-making is paramount. It’s a journey toward a future where data isn’t just numbers but a strategic asset guiding every move.
Utilizing spreadsheet modeling for Assets Under Management (AUM) and revenue planning posed significant challenges for our client. The complexity of their financial operations, especially within the private equity domain, strained conventional spreadsheet capabilities. Dealing with large volumes of data required extensive manual reconciliation efforts, consuming valuable time and risking errors.
Real-time collaboration across the business added another layer of difficulty. Coordinating between different teams and departments working on financial planning and reporting tasks simultaneously made maintaining data accuracy and version control a constant struggle.
However, the most formidable challenge came with financial consolidations and eliminations. Handling these critical processes within spreadsheets proved excessively burdensome and prone to errors. Managing data from multiple sources and ensuring meticulous reconciliation posed a significant risk of inaccuracies, jeopardizing the integrity of the entire financial framework.
Our engagement centered around a co-build implementation approach, leveraging the combined strengths of the client’s resources and the Keyrus team. The client’s team took ownership of project coordination, requirements gathering, design, modeling, data management, testing, and end-user training. This comprehensive involvement ensured that every stage of the project, from inception to execution, was managed with precision and accountability.
Keyrus team members played a pivotal role in project management, prescribing the most effective application architecture, and providing support for advanced modeling and complex requirements. This expertise ensured that the implementation stayed on track and aligned with the project’s strategic objectives.
Throughout the process, continuous product support was provided, ensuring that any challenges were swiftly addressed. This collaborative approach between the client and Keyrus laid the foundation for a seamless implementation, enabling the client to achieve their goals with confidence and efficiency.
The implementation of this solution yielded a myriad of benefits, transforming the financial ecosystem for our client in the private equity industry:
Our client achieved a paradigm shift by consolidating these functionalities into one centralized platform. The benefits reaped from this transformation extend beyond efficiency gains to strategic agility, enabling our client to navigate the complexities of the private equity landscape with confidence and clarity.
Access the full details of this key play, and have it on the go. Available as a PDF.
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