Drive Operational Excellence with Advent Geneva® and IVP Geneva Consulting

In private market funds, where fund structures are becoming increasingly intricate and investors are demanding greater transparency, it is more critical than ever to achieve operational excellence. To achieve this goal with confidence, it is essential for users of Advent Geneva® to set up and use the platform in the best possible way. Advent Geneva® optimizes workflows to manage escalating volumes with certainty, ensuring every process is executed with precision, speed, and the highest standards of data integrity. By leveraging Geneva’s robust capabilities, fund managers can maintain a competitive edge and deliver exceptional performance in evolving markets.

Advent Geneva® with Geneva Investor (aka World Investor) can be customized to meet specific requirements, enabling asset managers to work even more efficiently and effectively. This single, integrated, end-to-end solution for portfolio, fund, and investor accounting focuses on multi-currency handling and detailed reporting for hedge funds and private equity. Some of the most beneficial functions of this solution include:

1. Custom Fee Builder

As fund structures become more complex, so do the associated fee calculations, which makes it difficult to use a standardized approach. Recognizing that a “one size fits all” approach doesn’t work in this scenario, Geneva® Investor has a custom fee builder.  This feature can create and manage custom Geneva Investor fee rulesets for calculating performance incentive fees in open-ended funds. Investor fee rulesets use your custom C# code, data from Geneva Investor reporting views, and parameters that fund managers specify to calculate the performance fee. If a class in the fund is associated with a fee ruleset, the Period Processor generates performance fees for investors in that class according to the custom ruleset rather than the performance fee defaults. Geneva® Investor also allows operations teams to design, build, and automate personalized fee structures tailored to the specific needs of each client. By using Geneva® Investor, teams can efficiently manage even the most intricate fee calculations, ensuring that all unique client requirements are addressed accurately.

2. Advanced Evergreen Fund Functionality

Geneva® Investor offers advanced accounting functionality tailored specifically for open/closed-end evergreen hybrid funds. This enhancement enables precise tracking and management of capital commitments, contributions, and distributions across the fund’s lifecycle. Geneva® Investor integration also allows operations teams to navigate complex hybrid fund structures more efficiently, ensuring accurate accounting and reporting of investor commitments, capital calls, and profit/loss allocations. This not only simplifies the management of these intricate funds but also significantly enhances transparency and accuracy in financial reporting.

3. Automated Cash Management for CLOs

For firms that invest heavily in bank loans, Advent Geneva® streamlines and automates the management of collateralized loan obligations (CLOs) with support for complex cash workflows and reporting processes. Funds can select and report on CLO cash types for multiple kinds of transactions. This streamlines CLO portfolio cash management by adding flexibility, transparency, and accuracy to the segregate principal and income functionality. Advanced automation further simplifies the transfer of cash and detailed cash reporting, which were previously managed through labor-intensive manual methods. By automating these tasks, Advent Geneva® reduces the risk of errors, accelerates processing times, and enhances the accuracy of financial data. Automation not only improves operational efficiency but also provides a clearer and more reliable view of cash flows and financial performance related to CLO investments, so funds can manage investments more effectively and with greater transparency. 

4. Customized Investor Accounting Workspaces

Geneva® users are familiar with workspaces, which consolidate various types of data into a single, user-friendly interface. Workspaces allow users to access, update, and manage portfolio information, position details, transaction records, and other daily operational data more efficiently, without the need to run separate reports.

Geneva® Investor can customize workspaces for investor accounting data, providing a centralized view of crucial investor-related information. Users can now easily access detailed insights into fees, capital commitments, and profit and loss (P&L) allocations, all from a single screen.

This enhancement simplifies the process of monitoring and managing investor accounts by integrating all relevant data into one comprehensive workspace. It eliminates the need to navigate different reports or systems, making it easier for users to track and analyze investor-related financial details efficiently. Improved accessibility and streamlined workflow enhance operational efficiency and accuracy in investor accounting.

Maximize the value of Advent Geneva® with IVP

IVP Geneva Consulting can help firms leverage the full capabilities of Advent Geneva® and Geneva® Investor. Our team provides expert support tailored to the unique needs of your fund. We help configure and optimize the custom fee builder for complex calculations, and we ensure smooth integration into existing workflows. For evergreen fund functions, IVP Geneva Consulting refines Geneva® Investor to manage capital commitments, contributions, and distributions precisely while adapting to the intricacies of each fund type. For CLOs, IVP Geneva Consulting develops strategies to automate cash management and reporting, which enhances accuracy and efficiency. We also specialize in customizing investor accounting workspaces to consolidate important data within a user-friendly interface, because our team can put any investor-level data in any report format to facilitate easier tracking and analysis of investor accounts.

With comprehensive support from IVP Geneva Consulting, funds can not only streamline operations and reduce manual errors but also ensure that Advent Geneva® evolves with the fund’s needs in a dynamic financial environment, delivering continuous enhancements in transparency and operational efficiency

Contact us today at sales@ivp.in to learn more about how we can optimize your process and improve efficiency.