Case Study: Beacon Fund Services achieves streamlined multicurrency fund accounting and enhanced client reporting with FundCount

Beacon Fund Services - Customer Case Study

Beacon Fund Services, a Bermuda-based fund administrator founded in 1995, faced a growing operations challenge by 2008: disparate accounting systems and spreadsheets could not support its expanding fund administration business. Beacon needed a flexible, multicurrency solution to calculate net asset values (including equalization for incentive fees), handle master‑feeder, trust and partnership structures, distribute investor notifications, and produce fully customizable financial reporting — requirements that led them to implement FundCount.

FundCount’s partnership and portfolio accounting software, with a fully integrated multicurrency general ledger and support for a full range of securities, was rolled out across multiple hedge funds and private equity funds administered by Beacon. FundCount enabled Beacon to import data in varied layouts, rely on extensive out‑of‑the‑box reports (staff report they “never needed to create a report from scratch”), and launch a custom‑branded FundCount Online Portal for client access. As a result, Beacon’s accounting team uses FundCount daily, reporting stronger reporting capabilities, faster data handling and an improved client experience.

Beacon Fund Services

Vishal Shah

Director of Accounting and Valuations