By: Samantha Rabinowitz
Product Marketing Manager
April 21, 2025
As more professionals leave the finance and accounting field, GPs are left grappling with a growing talent shortage. In 2024, a staggering 83% of financial leaders reported experiencing a talent shortage, a sharp increase from 70% in 20221. Robust tech platforms and AI tools can help bridge the headcount gap and alleviate the workload burden among accountants bearing the weight.
At the end of each quarter, GPs are reminded of the tedious nature of the accounting and reporting process. Manual processes increase the risk of errors and consume valuable resources, which is disruptive and costly when accountants are already stretched thin.
Optimizing intricate back-office operations has never been more critical to maintain accuracy and efficiency. Gaining time back can be a key differentiator in terms of enabling a firm to stay competitive and drive value creation.
In this post, we’ll explore how GPs can streamline quarter-end closings and fund accounting workflows with purpose-built technology—cutting down manual work, ensuring accuracy, and reclaiming time for strategy.
Quarter end accounting challenges
GPs are navigating challenges stemming from increased reporting demands and manual quarter end closing processes. Key challenges include:
- Managing complex fund structures: Tasks like leveraging entries, conducting valuations, and standardizing reporting across a main fund, a parallel fund, and a co-investment vehicle create risk and inefficiency when done manually.
- Spreadsheet performance issues: Spreadsheets are cumbersome for aggregating data and prone to inconsistencies, making standardization and accuracy difficult.
- Reconciling data points: Bulk exporting to Excel and combing through discrepancies is far more time consuming than the automated alternative.
- Quarter end crunch periods: Lack of information in a timely fashion and a need for granular details lead to a tight turnaround for ingesting and organizing a lot of information.
- Inability to scale operations: Line-item adjustments, redoing marks, or changing an expense allocation across a fund family should only be done once.
Clients deserve a holistic fund accounting solution that addresses these interconnected back-office operations challenges. Instead of one pain point triggering another, one seamless process can enable the next.
The solution for key workflows:
Staying up to date on portfolio health and meeting quarterly reporting expectations requires consistent accounting expertise. Allvue’s sophisticated fund accounting solution enables clients to streamline period-end closing processes, including:
- General document batches: Process purchases, expenses, and valuations shared across multiple legal entities and batch them for your respective funds.
- Valuation business process: Value investments for your given portfolios across multiple funds at the same time.
- Equity pickups: Record and adjust profits and losses from investments in other entities using the equity method of accounting. Report on performance and value of investments while avoiding double-counting or overstating finances.
- Elimination business process: Remove double counted balances when consolidating reports by creating an intercompany business process that identifies eliminations and allocates them to a specific elimination fund.
Final Thoughts:
In our 2025 GP Outlook survey, we asked GPs how often they review or assess the effectiveness of their fund accounting and reporting platforms. 42% of respondents (the majority) said they did it on an “as needed basis.”
Once Q1 reporting closes, GPs should assess existing platforms and processes to see where they can innovate and automate so they don’t feel overwhelmed by onerous back-office workflows, exacerbated by the accounting and finance talent shortage. While implementing a new system or changing an existing one can feel disruptive, making the shift will enhance operational efficiency and mitigate the risks associated with accounting and reporting. Allvue clients can process reporting requests quickly, granting more time for strategic decision making in a highly demanding market environment.
Request a demo to learn more about how Allvue’s robust fund accounting solutions can alleviate workflow frustrations and enhance your quarter end reporting process.
Watch a webinar replay to get an overview of Allvue’s fund accounting solutions.
Sources:
1 https://www.forbes.com/councils/forbesfinancecouncil/2025/03/18/mind-the-gap-addressing-the-finance-and-accounting-talent-gap-in-2025/
https://www.cpajournal.com/2025/03/12/accounting-profession-wide-solutions-to-the-talent-shortage-2/
https://www.thomsonreuters.com/en-us/posts/tax-and-accounting/accounting-talent-shortage-npag-wilson/
More About The Author
Samantha Rabinowitz
Product Marketing Manager
Samantha Rabinowitz is a Product Marketing Manager at Allvue Systems. With a background in B2B marketing at leading financial services and financial technology companies, she has expertise in developing go-to-market strategies and driving demand generation, client retention, and brand awareness. Samantha has a Bachelor of Science in Business Administration from Bucknell University.
