Case Study:
Aladdin Accounting Implementation
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The client
A Global Asset Manager (UK, US, APAC) requiring an Aladdin Accounting Implementation.
The ask
- To have one Global Accounting Platform ‘Closed Book’ Portfolio valuation.
- Aladdin Accounting provides Shadow Accounting, which met the clients’ requirements based on teh client Types e.g. Retail Funds, Segregated mandates etc.
- Ensuring Aladdin was the truth for all downstream consumers.
- Optimise the architecture while minimising data manipulation.
- Leverage Aladdin’s existing operational capabilities and not to duplicate processes.
What we did
- Streamlined processes globally in Aladdin IBOR to ensure Aladdin Accounting was accurate.
- Established an Integrated Global Operating Model within Aladdin Accounting, implementing a ‘Follow the Sun Model’ to enhance efficiency, data quality and expedite data delivery – this led to an increase in STP.
- Enhancements were made to the product based on specific client requirements.
- Working through specific Book Cost requirements e.g. FIFO Non-Amortising.
- Solutioning complex requirements and specific regional requirements.
- Eliminated the need for data reconciliations between different systems.
The result
- Running over approximately 6500 portfolios through the Aladdin Accounting workflow UK, US & APAC (portfolios increasing).
- We enhanced the workflow process in Aladdin Accounting, resulting in a more efficient and scalable model by categorising portfolios according to asset classes and deliverables.
- The Global scalability of the Aladdin Accounting process was enhanced through the Quality Control process resulting in streamlined workforce.
- The client currently utilises data from Aladdin Accounting for generating client reporting valuations, performance reporting, and other customised reports.
- Fund Performance, NAV Oversight and GIPS reporting
- * experiences derived from Strata team members leading the Aladdin Accounting Implementation on behalf of the client.
Vikesh Gondhia
Aladdin Accounting Practice
More about Aladdin Accounting
To find out more about how we can help your business implement Aladdin Accounting or optimise your operations in Accounting, performance and reporting please please visit the Aladdin Accounting page or schedule a consultation using the button in the next section.
