Case Study: Piedmont Fund Services achieves faster onboarding and streamlined fund-administrator transitions with FundCount

Accelerated onboarding of new funds and existing funds with years of history and data

Piedmont Fund Services, an award-winning fund administrator serving private equity, hedge funds, venture capital, real estate and institutional investors, needed a way to onboard established funds with years of historical data more efficiently. To support growth and reduce the cost and complexity of switching administrators, Piedmont turned to FundCount and its single-platform portfolio and investor accounting, general ledger and reporting solution.

FundCount’s platform streamlined data imports with broad template support and multi-format file acceptance, automated investor allocations and fee calculations, and tracked funded/unfunded commitments, enabling Piedmont to run parallel accounting with confidence in accuracy. As a result, FundCount accelerated onboarding of both new and legacy funds, reduced time and cost of administrator transitions, increased operational efficiency and allowed Piedmont to take on larger and more private equity clients.

Piedmont Fund Services

Ian Asvakovith

Co-Founder and CEO