Service Practice · Finance

A finance function senior leadership can trust.

Finance leaders are increasingly asked to be partners to the business, yet most finance teams remain trapped in the transactional and the reactive. Our Finance practice is built for CFOs, controllers, and fund operations leaders who need the operating layer to perform without their constant attention, so that senior bandwidth returns to capital, strategy, and the business.

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Technology OpsData OpsBusiness IntelligenceFinance
What This Practice Covers

The full operating scope, run as one capability.

Finance covers the disciplines that make a finance function senior leadership can see clearly: fund accounting and fund operations, management and investor reporting, US tax compliance, FP&A, and the record-to-report and transactional core. For asset managers, this often means operating alongside or in place of a third-party administrator. For corporate finance teams, it means owning the operating layer so the CFO can focus on the strategic. Either way, the Practice Lead is accountable for the standard at which the function operates.

Fund Accounting & Fund Operations (for asset managers)

End-to-end fund accounting capability for private equity, venture capital, and asset management firms, designed to complement or replace third-party administration.

  • Coverage: Trial balance, general ledger, and partner allocation reconciliation. Waterfall calculation review and validation. Bank statement reconciliation. Review of financial statements and workpapers produced by third-party administrators. Capital call and distribution processing. NAV calculation and review. Partner account statement verification.
  • Tech stack: Fund accounting platforms (Investran and equivalent). Advanced MS Excel (Pivots, V-Lookups, macros). The firm's financial reporting systems.

Management & Investor Reporting

End-to-end ownership of monthly, quarterly, and annual reporting cycles for management, board, and (for asset managers) limited partners.

  • Coverage: Quarterly and annual reporting cycle support. Wire template preparation. Quarterly financial and partner statement review. Internal performance file compilation. Bank statement sorting. Line-of-credit file preparation. Audit confirmation facilitation. Ad hoc LP request fulfilment.
  • Engagement shapes: Project-based redesign of the investor reporting cadence. Managed ownership of the full reporting cycle on an ongoing basis.

US Tax Compliance

Senior tax compliance capability across federal and state, covering the full PE / private fund tax surface.

  • Coverage: Year-end federal and state tax estimates. Review of externally prepared federal and state extensions and tax workpapers. Review of tax returns including Forms 1065, K-1s, K-2 and K-3s, and 1120, and informational reporting (Forms 5471, PFICs, UBTI, FDAP, ECI). Forms 1099 review. Tax withholding analysis and allocations, including tax basis maintenance on flow-through investments. Quarterly DTA / DTL provisions for blocker entities. Tax planning for prospective new entities. Ad hoc tax notices and FIN 48 memos.
  • Engagement shapes: Ongoing managed support for the annual tax cycle, working alongside external tax service teams and the internal finance team.

FP&A

Embedded FP&A capacity supporting budgeting, forecasting, variance analysis, scenario modelling, and the senior-quality decks leadership relies on.

  • Coverage: Management company budgeting, fund-level forecasting, ad hoc modelling, monthly variance analysis, and the partnership with internal finance leadership that turns numbers into a point of view.
  • Engagement shapes: Embedded FP&A support, typically alongside fund accounting and reporting. Project-based work on a specific modelling exercise (new fund launch, M&A scenario, capital planning).

Record to Report & Transactional Finance

The full transactional layer, operated to a service-level standard so it does not absorb senior bandwidth.

  • Coverage: Accounts payable, accounts receivable, general ledger, intercompany, and close. Treasury operations, deal management, working capital management, and reconciliation processes.
  • Engagement shapes: Managed services for the transactional core, typically as part of a broader finance engagement.
Strategic Counsel

Finance strategy before finance build.

The Consulting Practice partners with CFOs and senior finance leaders on the operating model questions that determine whether a finance function performs at the level the business needs.

Finance Function Diagnostic

Structured assessment of the finance operating model: close cycle, reporting cadence, headcount mix, tooling stack, control environment. Benchmarked against peer firms.

FP&A Operating Model Design

Design of the planning, forecasting, and management reporting cadence, including the integration points between FP&A, finance operations, and the business.

Finance Tooling Strategy

Independent guidance on finance technology: ERP modernisation, EPM platforms, fund administration systems, and the rapidly evolving landscape of finance automation.

Fund Operations Strategy (for asset managers)

Operating model guidance specific to private capital: fund accounting models, investor reporting, NAV controls, and the build-vs-outsource decisions that define a fund operations function.

Outcomes

Outcomes our clients see.

Close cycle compressed by 30% to 50%

Senior finance bandwidth on transactional work materially reduced

Investor and board reporting standardised, audit-trailed, and on-time

Total finance operating cost reduced by 25% to 40% with no compromise to control posture

Annual tax cycle delivered against the senior team's review standard

Audit requests closed at 100%, with 99% resolved on first response

Case Studies

The work, in practice.

Two Finance engagements illustrate the practice.

Fund Accounting & Tax Operations for a Mid-Market Private Equity Firm

Managed Finance engagement covering fund accounting, partner allocations, waterfall calculations, third-party administrator review, and the full US tax compliance cycle across the firm's funds, blocker entities, and fund-of-fund structures.

See case study

Implementation & Client Operations for a PE / VC Portfolio Monitoring SaaS

Managed implementation function for a SaaS platform serving private markets firms, including onboarding of institutional clients, configuration of custom report and data templates, and subject-matter expertise on PE fund accounting and portfolio monitoring practice.

See case study
Pairs Well With

Where this practice connects.

Business Intelligence

When the finance work includes reporting redesign, executive dashboards, or board reporting modernisation.

Data Ops

When the finance function depends on data feeds that need to be operated to an investment-grade standard.

Consulting Practice

When a finance operating model or fund operations strategy decision precedes the delivery work.

Talk to a Finance
Practice Lead.

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