Fund administration for the 21st century | Carta
Fund administration for the 21st century
Author: Vrushali Paunikar
Read time: 4 minutes
Published date: May 3, 2024
Carta's connected platform gives GPs, LPs, fund CFOs, and their fund administration partners unprecedented transparency into fund transactions.
Contents
- Fund administration for the 21st century
- The Carta fund operating system
- A team of experts
- Event-based accounting
- Trackability
- Real-time reporting
- The world's most auditable platform
- Fund Tax
- Learn more
- Get a demo
In 2024, most fund CFOs are still using spreadsheets and emails to run their funds. Carta Fund Administration offers a better way. The Carta platform gives GPs, LPs, fund CFOs, and their fund administration partners a single source of truth for financials, fund performance metrics, and task tracking.
Here's how it works:
The Carta fund operating system
Carta fund administration is much more than a tech stack: We’re an elite team of professionals leveraging the industry’s leading technology.
A team of experts
Carta has built a team of 150 fund accountants who on average bring more than a decade of experience servicing some of the largest private funds. Our fund administration delivery team is over 400 people, equipped to provide insights and support throughout the client engagement.
Event-based accounting
The core of Carta’s fund administration product is our event-based accounting software. We built workflows to execute events, automatically updating metrics, financial statements, and reports in real time.
Trackability
On Carta, every transaction is trackable, linking entries back to the creating event and its documentation. This transparency helps eliminate costly errors.
Real-time reporting
With Carta, fund metrics are updated as soon as events are recorded. This allows for fast access to draft financials, ensuring funds want control over their reporting timelines.
The world's most auditable platform
Our platform is designed to be highly auditable, enabling auditors to trace any number back to its origins in real time.
Fund Tax
Last year, we introduced Carta Fund Tax, which simplifies collaboration between fund admins and tax preparers, enhancing efficiency during tax season.
Learn more
By increasing connectivity and transparency, we’re moving closer to fully automated fund administration, allowing managers and CFOs to focus on investment.
Get a demo
Author: Vrushali Paunikar
Vrushali Paunikar is the Chief Product Officer at Carta, leading product development and innovation.