Tom Stabile / FundFire / July 12, 2017
NES Financial is also poisoning itself to serve as a central database provider, having entered the fund administration market not from accounting business roots but rather as a technology and workflow process firm, says Adam Kaufman, former Senior VP of Marketing at NES Financial. “We look at how things move through time and what needs to be accounted for and tracked and build a system that ties it all together,” he says.
An example is helping real estate fund managers that raise capital through EB-5 Visas to supply continuous and voluminous data to various regulators showing how particular investor dollars are tied directly to jobs creation, says Michael Halloran, CEO at NES Financial. “Once you get to waterfall calculations, the complexity is insane,” he says. “You have to build those algorithms into the technology.”