Accessing
competent workforce and reducing price of services have for long remained the
major goals of outsourcing. But, mostly companies that do outsource, do it for
getting rid of their most boring and repetitive tasks. Especially when it comes
to back
office outsourcing services, the aim is to offload simple yet
stultifying work like data entry and database management. However, with the
evolution of companies providing back office services, it has become possible
to outsource
back office services that are complex and business-critical.
Hedge Fund Back Office Outsourcing for Minimizing Risks
Complex
tasks like hedge fund management have long remained the Achilles heel of
organizations. The intricate nature of these tasks along with the risk they
pose if they are not done appropriately, make them hard to outsource. However,
nowadays, there are many trustworthy hedge fund back
office outsourcing services providers that can help you with:
1. Staying compliant – As hedge fund managers face huge pressure
to stay compliant, a worthy association with an outsourcing vendor that has
considerable skills in the field can be a great help.
2. Double verification – Hedge
fund back office outsourcing allows for a hybrid model where fund
administrators can associate with independent third-party service providers.
This allows for double verification of critical back
office work and prevents the violation of regulations.
3. Difficult tasks are executed better – Fund
administration and shareholder services put extreme pressure on an in-house
department. But when you outsource, you can get this work done by outsourcing
experts in the industry.
Outsource Back Office Services for Essential Hedge Fund Tasks
Hedge fund
management encompasses a variety of tasks that need to be performed in
isolation for the collective and rightful completion of work. Some of these
tasks need to be done under the direct supervision of company employees like portfolio
management, asset gathering and trading while other can be outsourced without
hampering the overall quality of work.
1. Administration of funds – It involves the pricing and evaluation of
assets. As hedge fund requires transparent evaluation in order to show to the
investors that they are offered the right value, there is a need for powerful
software solutions and fund administration expertise. At Vcare, you get access to a
seasoned workforce comprising managers and agents who do their very best to
fulfill the need of the clients. Intricate accounting and tough tax compliance
procedures are performed very well, ensuring successful completion of tasks.
2. Shareholding services – Shareholding services can put great
pressure an already overworked in-house team. Reporting and documentations are
integral functions of shareholding services, which can be performed very well
by an accomplished back office
outsourcing services vendor. Below are some other critical functions
that can be performed better when you outsource back
office:
a. Addressing frequent
requests of customers
b. Registrar
and transfer agency services
c. Reporting
and documentation
d. Review of
fund’s compliance with important regulations like anti-money laundering law
Conclusion
Back office
outsourcing services
play a pivotal role in the performance of a business operation by cutting cost
and providing access to new skills. In the past, companies used to outsource
only basic functions like data entry and database management, fearing that
complex and critical tasks may not be performed as expected. But with the
improvement of back
office outsourcing vendors, it has become possible to handover these
tasks judiciously in such a way that core tasks still remain in your hand while
complex yet repetitive tasks are offloaded. Vcare is a back office outsourcing services
provider with multiple years of experience in the field. It can help you
perform intricate tasks (like fund administration and shareholding services)
that form an integral part of hedge fund management.Also Read This: https://vcareoutsourcecallcenter.hatenablog.com/entry/2019/05/28/000552
