Case Study: Brandon Capital simplifies multi-entity fund accounting with Gravity Software

Private equity firm simplifies multi-entity fund accounting with Gravity

Gravity Software helped Brandon Capital, an Australasian life science venture capital firm, overcome the challenge of managing complex, multi-entity fund accounting with their previous singular-entity solution, Xero. The firm's rapid growth resulted in over 28 entities and 35 portfolio companies, which made data entry highly time-consuming and forced the team to rely on manual processes and Excel for consolidated reporting. They also needed to integrate their investment and accounting ledgers to eliminate reconciliations and sought a more cost-effective platform than other expensive multi-entity options.

By implementing Gravity Software’s multi-entity accounting platform, Brandon Capital integrated its investment ledger with its financial accounts, automating processes like purchases, sales, and multi-currency revaluations. The solution from Gravity Software delivered significant results, slashing the time to compile monthly reports from five days to just a few and generating substantial time savings on data entry. This allowed the accounting team to focus on higher-value tasks, providing a cost-effective and scalable solution that supports the firm's continued growth.

Brandon Capital

Amy Perkin

CFO