Cascade Suite: Automate expense allocations has been saved
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Cascade Suite: Automate expense allocations
Time collection, approval, expense allocation and reporting solution for investment managers
Manual processes for allocating expenses across funds—including private and hedge—can be highly complex, take significant FP&A efforts, and are prone to error. Misallocation of expenses carries significant risks for managers. Our automated expense allocation solution helps improve efficiency and controls while driving transparency on costs and profitability through analytics and dashboards.
Key benefits
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Cost and profitability monitoring
With cost and profitability analytics and monitoring, Cascade Suite enables transparency of cost/expense allocations to each product and location and from each team, person, and expense type. It can highlight product profitability, overhead allocation of cost centers, and changes in cost and profitability trends, and it can produce detailed spending reports.
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Cost and time savings
High degrees of automation, data exchanges, and scalable workflows reduce personnel costs and effort. Allocations can be performed more often, while effort is reduced to a few clicks and oversight is consolidated with issues and outliers identified, integrated analytics and dashboards, and automated production of journal entries and invoices.
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Strengthen controls
Centralize approvals of allocation rules and employee time with workflows and notifications. Audit trail of all calculations and rules changes. Systemization of expense allocation policies eliminates one-off miscalculations and reduces manual error. Through added controls and adherence to leading practices, create alignment with fund agreements and historical expense allocation policy.
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Tailored to your needs
Our core product is tailored to your products, expenses, systems, allocation methods, and fund agreements, including the dashboards/ reports, statements, calculations, time tracking portal, emails, and interface. Allocate expenses based on assets under management, net asset value, locations, employee time, and other methods. We are guided by your existing processes and systems along with future state goals, minimizing additional FP&A burden.
Capabilities
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Digitized expense policy
Capture expense allocation policy and fund agreements via a guided user interface, with centralized allocation methodologies deployable at the expense line level and change management workflows to manage issue escalation and oversight. (includes support for both hard and soft dollar expenses).
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Reporting and analytics
Produce detailed dashboards that can drill down from enterprise-wide to individual funds, departments, groups, etc. Track budgets against actuals, balances and accruals, and relevant key performance indicators.
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Integrated time tracking portal
Mobile -friendly employee time tracking portal with approvals and overrides allocates compensation, meals, bonuses/taxes, executive assistants, and other employee -driven expenses.
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Automation & workflows
Integrates with G/L, HR, and expense systems to collect expenses and personnel information, perform automated allocations, produce invoices, and post journal entries. Highly configurable approval and automation workflows are bespoke to your firm.
Get in touch to learn more about Cascade Suite as a license implementation or as a managed service. We are happy to answer your questions and provide a demo.
Contacts
Sid Jain |
Jason Johnson |
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