The financial reporting process is time-consuming, error-prone, and lacks transparency into the underlying data. Once a report is produced by your service provider, the back-and-forth exchange on comments, revisions, and other notes is oftentimes handled via email. With this process notes are regularly missed ultimately leading to additional versions of the report. With additional versions of the report, it becomes increasingly difficult to track which is the latest version and what changes have been made from one iteration of the report to the next. This leads to a lackluster, laborious process when up against tight reporting deadlines.

As part of fund administration, Alter Domus' ReportPro prioritizes increased efficiency for its users and extensive customization in reporting. The tool goes beyond report generation and covers the entire reporting lifecycle from review and commenting to final sign-off with auditability and traceability throughout the process. With tools to assist in the review process including built-in validation rules, drill-down capabilities to accounting journal entries to understand how reporting balances are derived, and a PDF compare tool to quickly identify changes from one version to the next, the reporting process between you and Alter Domus is simplified and streamlined.