BOSTON–(BUSINESS WIRE)–Alternative investments FinTech Dynamo Software, today announced that its product, Dynamo Accounting, has been recognized with the “Best Client Accounting (US)” award at The Second Annual WealthBriefing WealthTech Americas Awards 2023. In light of growing demand for technology partners in the wealth management industry, the WealthTech awards recognize the providers that showcase first-rate performance and innovation.
The WealthTech awards are highly competitive. A panel of independent experts, each of whom has been actively involved in the wealth management industry and has in-depth knowledge of the WealthTech sector, is responsible for carrying out a rigorous judging process. Their aim is to determine which organizations best demonstrated innovation and excellence during the last year.
“We are deeply appreciative to receive this recognition from such a respected publication,” said Hank Boughner, CEO of Dynamo. “In recent years, fund accounting has grown more complex and demanding. Our response has been to develop a cloud-based solution that is flexible, dynamic, and account focused. Our industry expertise is unmatched, and we are honored to receive validation from an expert panel of industry judges.”
Dynamo Accounting is built on a world-class, cloud-based FinTech platform specially designed for the alternative investments ecosystem. With reporting requirements and partnership economics that differ from investor to investor, fund to fund, and quarter to quarter, users need a flexible system that allows them to easily modify the attributes for customized calculations and reports. Dynamo Accounting’s out-of-the-box report library makes it simple to generate US GAAP, ILPA and Invest Europe-compliant reporting, including statements of net assets, operations, cash flows, changes in partners’ capital, and the schedule of portfolio investments.
“These awards were independently and expertly judged solely on the basis of entrants’ submissions and their response to a number of specific questions, which were answered by focusing on the client experience rather than purely quantitative performance metrics,” explained ClearView Financial Media’s CEO and Publisher of WealthBriefing Stephen Harris. “That is a unique, and I believe, compelling feature. These awards recognize the very best operators in Americas’ wealth management, with ‘independence,’ ‘integrity,’ and ‘genuine insight’ the watchwords of the judging process – such that the awards truly reflect excellence in Americas’ wealth management.”
“The recognition from WealthBriefing is a true testament to the passion and commitment our team has for delivering best-in-breed technology and white-glove service to our clients,” explained Nield Montgomery, Dynamo Managing Director. “We listen to our customers when they report new challenges and regulatory changes, and we seek out the most automated accounting solutions to meet those challenges. As a result, we continuously adapt our technology to introduce flexibility that enables our clients to work efficiently.”
About Dynamo Software, Inc.
Dynamo Software’s mission is to be the leading global, end-to-end cloud software platform for the alternatives ecosystem, serving the information sharing and analytical data needs of our constituents. Since 1998, the company has been providing industry-tailored, highly-configurable investment management, reporting, and data management cloud software solutions to the global alternative investment industry. Dynamo’s cloud-based solutions serve the private investment landscape including: private equity and venture capital funds, real estate investment firms, infrastructure, hedge funds, endowments, pensions, foundations, prime brokers, fund of funds, family offices, and fund administrators. The Dynamo™ platform has improved the productivity across the alternatives ecosystem, including CRM, fundraising, deal management, research management, investor servicing, portfolio management, and compliance teams worldwide. Dynamo has a global footprint with operations across North America, EMEA, APAC, and UAE. For more information, please visit DynamoSoftware.com.
About ClearView Financial Media Ltd (“ClearView”)
ClearView Financial Media was founded by Chief Executive, Stephen Harris in 2004, to provide high quality ‘need to know’ information for the discerning private client community. London-based, but with a truly global focus, ClearView publishes the WealthBriefing group of newswires, along with research reports and newsletters, while also running a pan-global thought-leadership events and awards programme.