A new partnership between it|venture, a leading provider of technology services to the private capital markets, and LemonEdge, the next-generation private equity fund accounting and administration software, has been announced today. The partnership will help private equity firms and fund administrators to reinvigorate outdated back-office processes using a single, end-to-end, automated data platform.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.
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|ventures 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”, Gareth Hewitt, co-founder and CEO. “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.”
About it|venture
it|venture is the technical consultancy for the private capital markets. By bridging the gap between business and technology, it|venture solve problems by designing and delivering seamless technology solutions. it|venture’s focus is on building long term relationships with managers, to support them with unlocking and leveraging the value contained in their data.
The it|venture Connect platform specializes in streamlining the process of implementing integrations between private capital market systems – ensuring data is easily accessible wherever it is needed, giving more time and opportunity for managers to derive value from it.
For further information, please visit www.itventure.com.
About LemonEdge
LemonEdge is the next-generation private equity fund accounting and administration software that enables firms to manage complexity and scalability through the automation of end-to-end processes. An API-based, low-code platform for complex accounting, delivering the performance, complexity, and fast custom requirements demanded by the industry with user experience centerstage. LemonEdge offers waterfall technology, system-integrated Excel calculations, unrestricted scenario planning and an investor portal.
For further information, please visit www.lemonedge.com.
Contacts
it|venture
Bertie Heyman
marketing@itventure.com
LemonEdge
Jamie Nascimento
jamie@lemonedge.com
