Global Merces has selected FundCount, a Boston-based provider of accounting and investment analysis software, to support the firm’s fund administration operations.
FundCount provides a single integrated interface through which Global Merces will be able to calculate and manage the firm’s partnership and general ledger accounting activity. The solution’s automated features will streamline workflow and improve overall operational efficiency.
Global Merces is an Australia-based investment management firm that designs, builds and operates managed hedge funds on behalf of investment managers. he firm offers Responsible Entity, custodial, full trustee, back-office administration and other funds management services.
“FundCount offered a cost-effective solution that provides enormous depth and breadth of functionality,” says Michael Nguyen (pictured), Director, Global Merces. “In addition to calculating profit and loss, net asset value (NAV), incentive and other fees, FundCount supports unitised funds, which are a popular investment vehicle in Australia. The ability to do unit pricing was a key requirement that factored into our decision to choose FundCount.”
“As a growing firm in a competitive industry we recognise the importance of being customer focused,” says Holly Grofski, Managing Director, Global Merces. “FundCount’s integrated solution and flexible reporting enable us to quickly deliver customised reports that offer actionable intelligence to fund managers and their investors. FundCount adds value and enhances the overall level of service we can provide to clients.”
“Global Merces expands FundCount’s footprint in Australia and demonstrates the strength of our offering to fund administrators in this region,” says Alex Ivanov, CEO and founder of FundCount. “We look forward to working with Global Merces as their business grows.”
