It is simple, if technology cannot reduce the cost of operations, then the technology is not doing its job.
After spending 15 years as an executive in fund administration and watching technology disrupt numerous legacy industries, Nilesh Sudrania recognized that fund administration had yet to embrace technology.
Nilesh saw the possibility of transforming the industry and knew he could utilize technology to launch one of the most innovative and efficient firms in back office services. With the ambition of using the cloud to offer a fund administration platform that covers every asset class and combines scattered solutions, Seamless was born.
Nilesh’s primary goal with Seamless was to address all the asset classes in one easy-to-use application. Through technology, we can offer the fastest turnaround of data and reports in the industry. Seamless is cloud-based, which means users with a secure login, and an internet connection can view multiple reports and the most up-to-date performance and analytics.
We now have well over 200 satisfied clients around the world across all major asset classes – liquid and illiquid, including digital assets. We have proudly opened our doors to both institutional-grade and emerging manager funds, providing the highest level of service to all our clients, regardless of size. We view our like-minded clients as long-term partners who seek a technology-driven solution to add value to their investors.
We joined Sudrania in 2017 with 9 years worth of past performance data to recalculate retroactively – very seamless and professional transition. From the initial data transfer to the present, calculations and customer service have been provided in an accurate and timely manner. The service provided utilizes Cloud Computing, SAAS, is modular and features geographic data storage redundancy. This and additional cyber-security measures put our mind at ease by reducing data loss/corruption risk. We are extremely happy with their service.
CIO, QQFund.com LLC
We choose Sudrania to help us speed up the process of reporting to our clients. We have a created-from-scratch, multi-asset-class set of reports that are an important part of our value-add to clients, and Sudrania has delivered those reports to us exactly as we have requested, freeing up many man-hours of time for us to re-invest in growing our business. We have tweaked the reports' formatting along the way and Sudrania has been extremely responsive to our various change requests. Sudrania’s delivered all this to us at an attractive price. We look forward to working with Sudrania for many years.
CIO, Janian Investment Advisers, LLC
Nilesh and his team at Sudrania have helped us immensely in providing best in class reporting to our investors, freeing our time to focus on our investment process and business operations. Sudrania team helped us in audit support, tax returns, and K1s review and fund admin transition. It was the most seamless experience and was a non-event for Bodhi Tree.
CIO, Bodhi Tree Asset Management LLC
I manage a small alternative investment fund focusing on private equity, venture capital, and specialty finance. It was nearly impossible to find an operations/fund accountant that was flexible and efficient enough until I found Sudrania. They are providing a great service in an underserved market. Sudrania has under promised and over delivered on everything that I have requested on all fronts. Sudrania has taken over my fund operations and accounting so I can spend more time focusing on originating quality deals for the portfolio.
Managing Partner, OTRA Capital Partners
Sudrania’s edge in the industry is Seamless, our proprietary state-of-the art cloud-based fund administration software, built by fund administration... veterans. Seamless simplifies your back office by combining multiple programs into one, allowing trades, accruals, and transactions to be uploaded in minutes and generating a multitude of easy-to-read reports daily. As part of our standard package, clients receive a daily NAV calculation, online access to investor and client web portals, as well as the ability to make investor subscription documents digital and utilize electronic signatures. We provide a client contact representative and access to our operations team for round the clock support. Our secure investor onboarding platform makes processing of capital activity simple, automating the Anti-Money Laundering (AML)/Know Your Customer (KYC) process and allowing digital signatures for ease. Our proprietary technology solution is what sets us apart.
Our Seamless software solution was built by fund administration veterans specifically to work with any and all types of funds..., including hedge funds, private equity funds, credit funds, mutual funds, cryptocurrency funds, commodity funds, and many, many more. We have broad capabilities and expertise with all financial instruments, including equities, fixed income, options, futures, swaps, and every other form of asset or derivative. Seamless uses a multi-currency platform that allows for investments or denominations in any currency, including cryptocurrencies.
Every client is a valued client. Through the power of automation, daily NAV means daily reports for our clients and on-time statements for their... investors. Month-end statements are sent within five business days to each of your investor.
No more stress and headache with on-boarding. All clients are onboarded in 14 days or less. We try to make this process as easy as possible... for our clients and their investors. In the case of conversions of existing funds from other administrators we work with our client and their outgoing provider to gather, transform, load and validate all historical activity for the Fund. The speed of our platform and experience of our team allows us to load and reconcile historical activity in a fraction of the time of other administrators.
Daily returns, fund reporting, investor statements and tax documents are all available on a white-labeled investor portal, allowing our clients to provide institutional-level service... to their investors at a fraction of the cost. Our CommonSubDoc proprietary application makes fund investors life easier by digitizing the process allowing them to easily e-sign their subscription and redemption documents.