LemonEdge – the platform for managing private markets fund and portfolio accounting on an API/low-code platform – are pleased to announce that Admina Fund Services has chosen it as their accounting solution.
Admina Fund Services is a specialist administration service “for closed ended funds seeking to disrupt the existing fund administration market with a boutique service providing a client service led delivery and utilizing technology effectively.”
The team at Admina have first-hand experience “with many of the industry’s accounting solution providers – and chose LemonEdge to futureproof the firm.”
The key to the decision was LemonEdge’s ability “to ensure the business can scale effectively while maintaining a lean team and dealing with client complexity.”
Investors in the alternative industry “increasingly demand greater transparency, responsiveness and added value from their service providers.”
This means that a modern technology-enabled operational process is critical.
Admina – empowered by LemonEdge – can offer this seamless experience, “removing the manual processes often required for administrating each client’s specific requirements.”
Mark Hooton, Director at Admina, said:
“As a new entrant to the market, we believe technology is a key pillar to deliver the very best client experience, from efficient operational processes to real-time data-driven analytics to support internal and client decision making. LemonEdge has engaged with us since we embarked on our journey, and their modern approach to historical back office challenges will support our technology needs as we quickly expand.”
Admina is located in Guernsey, “with an experienced team of fund administration professionals.”
Gareth Hewitt, LemonEdge co-founder and CEO, said:
“With the continued growth of fund administration, newcomers need to ensure their back to front office operations deliver to the highest of expectations driven by technology. Working with Mark, we were quickly able to prove against his specific use cases, and we can offer the team a scalable back to front solution.”