Taking real estate and private equity to the next levelFebruary 2014
Banks, securities investors and hedge funds enjoy access to many powerful and well developed financial services software solutions. But private equity and real estate funds aren’t so lucky. They feel they are forced to rely on an untidy and inefficient mix of technology: thirdparty solutions that provide basic general ledger functions; custom and home-grown processing applications; and, for specific tasks, the magic of Excel spreadsheets.
Private equity and real estate funds say that stagnant administration technology in their sectors is a real problem. Users complain that some solutions have not been significantly updated for decades. This means the technology lacks vital functionality and there is a dearth of integrated, end-to-end solutions.