CEO Insights team, 0
Sudrania Fund Services Corp ("Sudrania"), the fund administration and technology company that is revolutionizing the buy side fund management with its seamless suite of technology solutions announces the next round of fund investment made by Bodhi Tree Asset Management ("Bodhi Tree"). Bodhi had also made a prior investment in October 2018. However, the current investment by Bodhi Tree will greatly help the company boost its sales & marketing efforts as well as broaden & accelerate its professional services and product development.
As Bodhi Tree is seeding technology-focused companies to create a diverse menu of front to back- office solutions for sophisticated investors, its current investment in Sudrania is the resultant of the company’s growing client portfolio, multi-fold growth of revenue and market momentum in the competitive yet lucrative field of fund administration and fund technology.
Sudrania currently has approximately 150 clients and a staff of 160 across its offices in Chicago, Boston, India, and Hong Kong. Witnessing the incessantly growing demands of fund management industry, Sudrania Fund Services is growing profoundly utilizing the latest modern day computing power and flexible technology.
Shalin Madan, the CIO of Bodhi Tree is expected to join Sudrania's Advisory Board. She avers, “As an emerging fund manager who adopts the latest technologies, I immediately noticed that our industry's back office solutions were far behind in the adoption of technology.
"As a fund manager, I know how important it is to have the account values for each investor at any time. I believe the monthly reporting cycle is antiquated and reflects a broken system, for which Sudrania has created a ground-breaking solution."
Commenting on the occasion, Nilesh Sudrania, Founder & CEO of Sudrania says, "We believe that the mindset of the current generation of fund managers is very different. They are no longer looking for big bank administrators, they understand technology and the value it can bring to their business, and they are looking to keep their businesses cost-efficient.”
Sudrania's seamless platform comprises of a portfolio of products geared towards investment managers in different verticals. At the heart of the platform is "Seamless Investment Backoffice" that provides the framework for other models of Seamless that include (Seamless CTA, Seamless Crypto, Seamless RIA, Seamless PREQ, Seamless NAV, Seamless Impact, and CommonSubDoc). The key features and benefits of the Seamless platform includes a daily processing of full-scale generate ledger system, complete tax lot portfolio accounting, wash sales and capital gains calculations, automated expense amortizations, waterfall calculations, fee calculations, market data connectivity with third party sources, income allocation, fee calculations, performance reporting, investor reporting via a dedicated portal, and complete cyber-security ensured & certified with SOC1, SOC2, and SOC3 audits.