Case Study: Ocorian streamlines fund ops and cuts errors with Next Matter

Ocorian cuts manual fund-cycle hours by 42% with Next Matter

Ocorian, a global fund and corporate services provider, faced significant challenges in managing its fund and investor operations. Their team of over 300 specialists was overwhelmed as critical processes like capital calls, NAV, and KYC were trapped in spreadsheets and Outlook mailboxes, leading to coordination chaos, version-control issues, and audit risks. The vendor, Next Matter, provided its platform to move these operations off of email and onto a single orchestrated system.

By implementing Next Matter, Ocorian gained a unified view for all fund and investor tasks across different jurisdictions. The solution provided bi-directional orchestrations that eliminated rekeying and enforced controls and audit trails for compliance. This resulted in a 42% reduction in manual hours per fund cycle, an 86% drop in process errors, a 3.5x faster capital-call turnaround, and 100% audit trail coverage, transforming their operational efficiency.

Ocorian