May 9, 2020 | By: Mike Schroeder
Moving fund administrators has never been easier. In the past, moving over was a nightmare; it was time consuming and energy intensive. That is no longer the case as today’s managers can move from any fund admin, to Sudrania, without consuming more than a few hours of their time, regardless of their history with the prior admin.
For many in the fund administration space, “technology” is simply a spreadsheet. Unfortunately, spreadsheets are prone to manual errors, cannot be scaled and provide poor data/analytics. And because they are so manual, it’s expensive to operate them! When it comes to legacy software, onboarding is difficult and time consuming.
Sudrania’s cloud-based technology was built to provide users with meaningful data… gone are the days of seeing only partial data at the end of the month. The automation of many processes allows us to spend more time servicing our clients at a high level.
When onboarding is a nightmare, managers are reluctant to switch. In the past it would take 12+ months of running parallel accounting as well as simultaneously paying two fund administrators (a very significant cost to investors). The back and forth with the new administrator was such a headache that managers would prefer to pay a significant premium than switch vendors
Modern fund administrators like Sudrania have an onboarding process that is QUICK and EASY. A new client is typically onboarded in two weeks or less in a process that takes no more than a few hours of time.
Ready to make the move?
Please contact me directly or request a demo below: