We’re delighted to announce a new partnership with LemonEdge, the next-generation private equity fund accounting and administration software. The partnership will help private equity firms and fund administrators to reinvigorate outdated back-office processes using a single, end-to-end, automated data platform.
Historically, private capital managers and service providers have adopted non-industry specific technologies, or simple spreadsheets, to manage complex accounting processes. With managers dealing with ever more complex fund structures, increasing regulatory requirements, and demands for faster data analysis and insight, this has often resulted in challenges with solution scalability.
This partnership will allow private capital managers to leverage it|venture’s extensive consulting and advisory experience coupled with LemonEdge’s modern end-to-end private capital accounting solution to its greatest potential. The LemonEdge platform offers a rich range of innovative functionality including event-driven transactions, multi-ledger management, consolidations, process automation, reporting and an investor portal. The partnership will also establish a native integration between the LemonEdge and it|venture’s Connect platform, allowing seamless transfer of data between the LemonEdge and other industry leading data sources and systems, empowering firms to harness the full potential of their data.
Our CEO Bertie Heyman said “The LemonEdge technology provides an innovative back office solution for our private capital market clients. We have been impressed by the rich functionality of the LemonEdge technology. The platform is not only intuitive but also capable processing of large volumes of data quickly. The low code architecture offers all the native reporting integration features our clients expect as standard from a modern platform and will empower users to model complex scenarios quickly without deep technical knowledge. We are delighted to partner with LemonEdge and bring their exciting solution to our client base”.
“it|venture’s long history of understanding the market and client specific issues, with a deep consultant base, gives the team a unique ability to quickly tailor solutions to today’s challenges”, commented Gareth Hewitt, co-founder and CEO of LemonEdge. “As a new, innovative solution to the industry fund accounting problems, working with Bertie and his team we’re able to deliver greater operational efficiencies quicker for clients.”
