Case study
Emerging Manager
A newly formed investment manager without a finance team or an accounting system in place and looked to Petra to establish their Management Company operations.
Management
Company
Well run operations are as important at the firm level as at the fund level
Overview
Our Management Company Services
Petra provides clients with a best-in-class technology platform combined with experienced team members to build thoughtful processes, scalable operations and robust controls enabling Management Company operations to run efficiently and accurately.
Vendor Management
& Payment Processing
Petra provides an online system for invoice capture, approval, allocation, and payment execution that is directly integrated with banks and the accounting system. Petra also manages vendor settlement instructions and prepares & distributes annual 1099’s.
Financial Statement
Preparation
Petra prepares audit-friendly books and records for all Management Company entities that include detailed support for visibility into performance and operations. Petra’s accounting system is powerful, flexible and offers the ability to integrate with other third-party systems.
Portfolio Company
Invoicing
Petra accounts for all expenditures made on behalf of fund portfolio companies and produces invoices for reimbursement.
Due to Manager
Tracking & Reporting
Petra’s Management Company Services team helps drive efficiencies at the fund level by streamlining transaction processing on behalf of the funds. Petra ensures accurate expense allocation, detailed record keeping and timely settlement of balances due from fund entities.
