The customer
A New York–based hedge fund platform launched in the past decade, operates a multi-manager model focused on long/short equity strategies.
The challenge
With a growing portfolio and increasing requirements to manage expense allocations and invoices, they sought to streamline their expense allocation process.
The firm managed expense allocations and invoices through spreadsheets before moving to explore technology-driven approaches. Seeking greater automation and scalability, they implemented a solution designed to streamline fund expense allocations with precision and flexibility.
The approach
The firm selected HUB Expense Management, a SaaS solution which collects and organizes all expenses data from any source, with workflow to manage and allocate expenses and track through to payments.
- Real time exception based workflow that automatically calculates and verifies fund level expenses
- Manual workloads minimized by automated expense allocations
The solution demonstrated HUB’s ability to handle the firm’s expense management needs with flexibility, speed, and precision.
The outcome
Automating routine tasks and expense allocations freed fund accountants to focus on analysis while establishing a scalable framework for complex reporting and fund growth.
The firm now benefits from:
- Expenses are allocated consistently and correctly across funds, portfolios or strategies
- New funds and complex allocation rules are easily added
- Scalable infrastructure to support future growth
Implementation highlights
- Zero-cost PoV (2 weeks): Delivered under NDA with full onboarding support
- Lightweight Implementation (45 Days): onboarded with limited disruption to the team
- Simple & Straightforward Commercials