# 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](/content/product-updates/fund-administration-21st-century/#fund-administration-for-the-21st-century/index.html)  
- [The Carta fund operating system](/content/product-updates/fund-administration-21st-century/#the-carta-fund-operating-system/index.html)  
- [A team of experts](/content/product-updates/fund-administration-21st-century/#a-team-of-experts/index.html)  
- [Event-based accounting](/content/product-updates/fund-administration-21st-century/#event-based-accounting/index.html)  
- [Trackability](/content/product-updates/fund-administration-21st-century/#trackability/index.html)  
- [Real-time reporting](/content/product-updates/fund-administration-21st-century/#real-time-reporting/index.html)  
- [The world's most auditable platform](/content/product-updates/fund-administration-21st-century/#the-world-s-most-auditable-platform/index.html)  
- [Fund Tax](/content/product-updates/fund-administration-21st-century/#fund-tax/index.html)  
- [Learn more](/content/product-updates/fund-administration-21st-century/#learn-more/index.html)  
- [Get a demo](/content/product-updates/fund-administration-21st-century/#get-a-demo/index.html)

In 2024, most fund CFOs are still using spreadsheets and emails to run their funds. [Carta Fund Administration](/content/fund-management/fund-administration/index.html) 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](/content/product-updates/building-fund-admin/index.html). 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](/content/fund-management/fund-administration/fund-tax/index.html), 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](/content/author/vrushali-paunikar/index.html)

Vrushali Paunikar is the Chief Product Officer at Carta, leading product development and innovation.