Replace spreadsheets with an all-in-one solution for expense allocation, increasing the accuracy, efficiency and compliance of the often error-prone process.
Simplify expense allocation for your fund by replacing Excel, bringing all key stakeholders into a single platform for tracking, processing and auto-allocating expenses across your funds. This can be based on AUM, NAV and configurable allocation tables imported into the platform, or manually down to the line item.
Stop emails back and forth with document attachments, making it hard to track changes and risking misallocation due to errors within the process. The SEC has designated expense allocation as an investigative priority, and funds that end up misallocating expenses — even if by mistake — face massive fines.
Connect the platform to your email inbox and automate the entire workflow of receiving, processing and allocating an expense. As invoices are received over email, the platform detects the files and takes various formats such as PDF and Excel, converting it into digital data. This then allows for automatic review and allocation, with optional second-layer human review and approval of invoices.
Allocation by AUM/NAV
Customized data reports
Capture and allocate time, travel and other expenses through both web- and mobile app, accessible on Android and iOS devices.
Alternatively, integrate with 3rd-party accounting or expense platforms and pull T&E directly into the platform for allocation.
ExpenseCore Fund is created for hedge funds, private equity firms and other asset managers that allocate expenses amongst funds.
Allocate all expenses seamlessly among funds, either manually or based on pre-configured rules.
Capture and allocate T&E on both mobile and computer, or API into your existing expense system.
Auto-allocate expenses based on AUM, NAV and other metrics as well as configurable if/then rules.
Detect and parse invoices from email, converting formats such as Excel and PDF into data.
Configure, monitor and enforce budgets, limiting budget breach and providing better oversight.
Auto-review invoices based on rules, or assign human reviewers as well as supervisor approvers.
Create deals and allocate against them. Reallocate expenses if the deal closes or doesn’t materialize.
Track every single allocation and action taken within the platform, providing a complete audit trail.
Monitor spend metrics through real-time, drill down reports that showcase all fund expenditure.
Digitize the expense allocation process, with all steps able to be managed within the platform.
Create and allocate T&E expenses recorded by staff, whether it’s receipts or hours worked.
Apply rules-based automation to the review, allocation and payment of vendor invoices.