The Company
Alter Domus is a fully integrated provider of Fund and Corporate services dedicated to international private equity and infrastructure houses, real estate firms, private debt managers, multinationals, capital market issuers and private clients. Founded in Luxembourg in 2003, Alter Domus has 40 offices and desks in five continents. The company serves 17 of the 20 largest private equity houses, 15 of the 20 largest real estate firms in the world and 17 of the 20 largest private debt managers in the world.
The Challenge
Disparate Systems
Alter Domus aimed to be a one-stop investment services provider. Meeting that objective required offering competitive services as well as thorough market knowledge, and that meant working efficiently and mitigating risk, which the company wasn’t fully capable of doing with their previous software technology stack.
For example, creating reports required Alter Domus to assemble data from multiple disparate systems, create an offline model, then reconcile all the data, a process that was time-consuming and vulnerable to compromise.
“We realized that if we had a vertically integrated investment management system capable of generating faster, more transparent and comprehensive reporting, we could offer something new to our clients and the market in general,” recalled Alex Droste, director of real estate accounting and fund administration for Alter Domus.
For example, creating reports required Alter Domus to assemble data from multiple disparate systems, create an offline model, then reconcile all the data, a process that was time-consuming and vulnerable to compromise.
“We realized that if we had a vertically integrated investment management system capable of generating faster, more transparent and comprehensive reporting, we could offer something new to our clients and the market in general,” recalled Alex Droste, director of real estate accounting and fund administration for Alter Domus.
The Solution
Yardi Investment Management
Yardi Investment Management automates the asset, investment accounting and investment lifecycle within a single connected solution. The solution delivers faster reporting, drives investment strategies, satisfies investors and enables full transparency from investor through asset.
The Story
Less Risk, More Efficiency
All investment data, from the investor to the asset levels, is now housed in Yardi Investment Management. This integration allows Alter Domus to generate reports, financial statements, capital calls and distributions that are timely, accurate and free of the risks associated with combining data from disparate sources. Yardi Investment Management also maintains a single chart of accounts for multiple fund and asset types that the company’s accounting staff can navigate quickly and efficiently. Staff can customize financial reporting for various fund and asset types depending on a client’s needs, another new capability.
Yardi Investment Management also reduced the time Alter Domus requires to process waterfall and performance metrics.
“Yardi Investment Management has streamlined our review and risk management processes. That in turn helps us improve transparency for our clients. We can help them see what’s coming in their markets and what they need to do to stay ahead,” Droste said.
Yardi Investment Management also reduced the time Alter Domus requires to process waterfall and performance metrics.
“Yardi Investment Management has streamlined our review and risk management processes. That in turn helps us improve transparency for our clients. We can help them see what’s coming in their markets and what they need to do to stay ahead,” Droste said.
