Four key reasons why fund managers are switching their third-party fund administrator to Ocorian

Why are fund managers switching their fund administration to Ocorian?

One of Ocorian’s biggest sources of new business is migrations from competitor providers.  Typically we see fund managers switching their fund administration to Ocorain for four main reasons: 

1. Dedicated onboarding and solutions team 

Migrations are a core part of Ocorian’s business and a key driver of our growth and success. Migrations can be challenging, so we have built a dedicated onboarding and solutions team. Our team comprises experts from all areas of the business working together across jurisdictions to ensure your onboarding goes smoothly. The team plans every aspect of your migration from start to finish, including the backfilling of historic data. Our solutions team ensures that you receive regular updates on the progress of your migration and have all the information you need on key performance indicators to reassure your investors. Crucially, our solutions team works closely with our client-facing team to ensure a smooth handover when your onboarding is complete. 

2. A strong track record of successful migrations 

Ocorian has a strong track record of successful migrations. In 2022 alone, the onboarding and solutions team successfully completed over 40 migrations from our competitors.

3. Advanced technology 

Ocorian offers a single golden source of data using the latest eFront technology and is one of the biggest licensees of eFront in the market. All our functions are centralised in one system, enabling us to run the same reporting across multi-domiciled funds. We have invested heavily in our technology platform to maximise automation while keeping it flexible enough to accept the latest upgrades with new functionality to further drive automation and efficiencies. This means we are always working with the most up-to-date version of eFront. Thanks to our investment in technology, everything runs through a single system, and most bookkeeping functions are carried out as a by-product of our system usage.  This allows our team to concentrate on quality control and analysis. 

4. Excellence at a competitive price 

All our teams are based in fund centres, where we have access to staff with specific experience in the unique discipline of fund accounting. We are able to offer you a competitive price for the fund accounting excellence this brings.  

Charlotte Cruickshank, Head of Solutions and Onboarding at Ocorian Fund Services says:

“We win lots of business for the reasons above, however, the success of the long-term partnership really comes down to the client’s faith in our ability to deliver on the promises that we have made. This comes from collaboration with the client, from understanding their requirements, understanding the needs of their portfolio and working within the parameters to deliver what we have promised.”

Looking to switch fund administrator?

Ocorian has over 30 years of experience in delivering operational excellence across our fund administration, AIFM, accounting and depositary services to the world’s largest institutions along with dynamic start-up fund managers and boutique houses.

We have a strong track record of successful migrations from other fund service providers. In 2022 alone, our onboarding and solutions team successfully completed over 40 migrations from our competitors.

To arrange a call to discuss your requirements, please contact our Fund Services Business Development Team.

Download our free guide: A complete guide to switching your fund administrator