Sudrania Adds 50+ Clients to its end-to-end Cloud-Based Platform in H1 2020
Conversions from competitors top sixty percent and cover Hedge, Private Equity, CTA, and Crypto Funds
Sudrania Fund Services Corp ("Sudrania") today shared data from the first half of 2020, showing 52 new clients added to their platform. The company also noted that sixty percent of these were conversions from administrators utilizing legacy software to their proprietary end-to-end cloud-based fund administration model.
Nilesh Sudrania, Founder & CEO of Sudrania, remarked, “Knowing that fund managers want to move away from legacy software platforms validates our vision for a seamless, cloud-based fund administration model. Being first to market in 2016, it is gratifying that 200+ clients value our end-to-end, asset-agnostic solution coupled with a high-touch service experience, which is delivered by a seasoned team with deep fund industry experience.”
When asked why they chose Sudrania, clients provided the following compelling reasons:
- SOC 1, SOC 2, and SOC 3 Audits/certificates
- All NAVs (including daily NAV’s) delivered on time during the recent pandemic
- Option to have all historical data captured and replicated when converting from other providers with legacy software
- Allows scalability and elasticity
- Confidence that the technology specifically can address the needs of their fund types (e.g., Cryptocurrency Funds, Hedge Funds, FoFs, Impact Funds, Private Equity Funds, Real Estate Funds, Venture Capital Funds, and an RIA solution).
Nitin Somani, President, Sudrania Fund Services, added, “Our focus has consistently been on providing holistic infrastructure that can handle the high volume and complexity that today’s investment managers require and deep expertise to make our client onboarding a smooth process. The team of over 200 professionals takes pride in the fact that there was no disruption of daily NAVs during the history of our four-year existence, especially in light of the circumstances we all weathered in the first half of 2020.”
To discover more about why clients are leveraging Sudrania’s end-to-end, cloud-based Fund Administration model, listen to a recent conversation between Susan Barreto, Editor of Alternatives Watch, and Nilesh Sudrania, CEO of Sudrania Fund Services, here
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Sudrania Fund Services Corp is a Chicago, IL based fund administrator combining the power of cloud computing with a boutique service model scaled for volume. Sudrania’s Seamless platform is an integrated portfolio, fund, and investor accounting system with a full-scale general ledger. It can process millions of trades and produce daily NAV for all fund types. For more information, visit www.sudrania.com.