AFSP (Automated Financial Statement Preparation) automates the process of financial statement preparation, a typically onerous and error-prone system of cutting and pasting spreadsheets. AFSP combines ShadowSuite, a sophisticated general ledger designed specifically for the financial markets, with Confluence’s Unity mapping software.
Trial balance accounts and portfolio holdings data are pre-mapped, formatted and systematically error-checked. The service is provided by an experienced financial reporting team, resulting in a customized set of financial statements in Microsoft Word.
Benefits to Hedge Fund Management Company:
- Reduces costs and risk
- Faster deliverables
- Automated error checks and audit reports
- Customized templates can be “reused” for new funds
- Eliminates manual reviews
- Automated validation of information between schedules and notes
- Ensures the integrity of balances throughout financial statements
Benefits to Investors:
- Provides cost effective, unaudited quarterly financial statements
- Faster turnaround of financials
- Enhances confidence in the overall process
Client Testimonial
"AIS' strength lies in their flexibility to adapt to changes in fund structure and their knowledge of the hedge fund industry."
- US Client, US$5 Billion in assets
