How Verivest’s Onboarding Team Eases Fund Managers’ Accounting Worries

For many fund managers, the accounting side of fund management can be a source of anxiety. Questions like Where do I start?, How do I ensure compliance?, and What if something goes wrong? often arise. At Verivest, we understand these concerns, which is why our Onboarding Team plays a crucial role in guiding fund managers through the First Accounting Cycle (FAC). Our process ensures that fund managers feel supported every step of the way—well before transitioning to Customer Success.

The Challenges Fund Managers Face with Fund Accounting

Before diving into fundraising and investor relations, fund managers must ensure that their accounting processes are set up correctly. Common concerns include:

• Understanding compliance requirements and financial reporting.
• Setting up an efficient and error-free bookkeeping system.
• Managing capital contributions, distributions, and expenses.
• Avoiding mistakes that could lead to costly compliance issues.

Without a structured onboarding process, fund managers risk delays, errors, and unnecessary stress. That’s where Verivest’s Onboarding Team comes in.

How Verivest’s Onboarding Team Guides You Through the First Accounting Cycle

Our onboarding process is designed to provide hands-on support from the moment fund managers start working with us until the successful completion of the First Accounting Cycle. Here’s how we do it:

1. Step-by-Step Guidance

From the start, our onboarding specialists work closely with fund managers to set up their accounting framework. We ensure that every necessary document, transaction, and financial report is in place before moving forward.

2. Continuous Monitoring Until FAC Completion

Fund managers often feel a huge sense of relief knowing that we don’t just set up their accounting system and leave them to figure things out on their own. Our team continuously monitors progress, checking that:

• Transactions are accurately recorded.
• Financial statements align with investor expectations.
• The fund remains compliant with industry regulations.

3. Proactive Problem Solving

If any issues arise during the First Accounting Cycle, our Onboarding Team is on hand to address them immediately. Whether it’s clarifying reporting requirements or adjusting financial records, we ensure a smooth process so fund managers can focus on growing their fund.

4. Seamless Transition to Customer Success

Once the First Accounting Cycle is complete, the onboarding team ensures a smooth handoff to the Customer Success Team, providing all necessary documentation and insights. By the time fund managers transition to Customer Success, they have a fully functional and compliant accounting system in place.

Why Fund Managers Trust Verivest’s Onboarding Process

Expert Support

With years of experience in fund accounting and compliance, our team understands the challenges fund managers face and provides expert solutions.

Structured & Transparent Process

We break down accounting into manageable steps, ensuring fund managers always know what’s happening and why.

Dedicated Monitoring Until FAC Completion

Fund managers can rest assured knowing we won’t hand them off until their First Accounting Cycle is successfully completed.

Conclusion

At Verivest, we go beyond basic onboarding—we stay with fund managers through the First Accounting Cycle, ensuring they are fully set up for success before transitioning to our Customer Success Team. Our hands-on approach provides the structure and reassurance needed to navigate fund accounting with confidence.

If you’re a fund manager feeling overwhelmed by accounting, Verivest is here to help. Let’s get started on setting up your fund for long-term success—together.

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