在过去的十年中，私人资本行业经历了巨大的增长，前所未有的投资者资本流向私募股权和债务，房地产，基础设施以及其他替代投资策略。亚搏彩票手机版免费下载成功带来了新的挑战，例如如何跟上投资和投资组合数据的数量，多样性和速度，以及如何从此类信息中获得竞争性见解和优势。加上大量数据，投资者和监管机构也要求更高的透明度。因此，毫不奇怪，首席金融官，首席技术官和首席运营官全力以赴建立可扩展的运营模式来支持其筹款和投资活动。在2017年WBR Investops的一项调查中，在100家北美买方公司中，有62％被质疑替代品和私人债务是最具挑战性和成本高昂的资产类别，约有75％的人命名合并系统并将界面降低为关键战略优先级对于2018年。数字破坏：过去，创新私人资本的时间非常缓慢地适应变化，引入或接受新技术。起初，这似乎令人惊讶，因为许多私人投资公司很小（就人而言），并且通常接受新想法，因此它们似乎是拥抱新技术的主要候选人。问题在于历来为金融服务行业服务的软件解决方案；他们倾向于专注于一个或两个核心功能，因此在其他重要领域很弱（或根本没有解决方案）。不仅如此，大多数人在前瞻性的计划，建模和分析方面都特别弱。 Consequently, a significant investment in a technology solution can still fall short of expectations, and it fails to connect every part of the business. Additionally, the belief that one software solution can support all functions within a private capital business is flawed and unrealistic. A combination of technology solutions is required to really transform business operations at alternative investment firms. Another key factor is the integration of disparate solutions. Cloud technology is reducing the need for complex infrastructure and internally supported IT environments, enabling more efficient and effective reporting and analysis that is accessible and customizable by individuals within the business. Transparency is a significant factor on the minds of CFOs today as investors and regulators are demanding more granularity around fees and expenses, carry calculations and drivers of performance. Finally, mobility is prevalent in the minds of private capital firms, and full access to pertinent decision-making information while on the road is important for front office teams. The good news is that private capital firms are now empowered by their executive teams and investors to change. Technology and digital innovation enable investment managers the power to connect data, workflow, and analytics like never before. Firms are starting to adapt and evolve their investment and operational infrastructure to gain and retain their competitive advantage. Anaplan: Transforming Alternative Investments Anaplan combines an unrivaled planning and modeling engine, predictive analytics, and cloud collaboration into one simple interface for business users. Across all lines of the private capital business, including finance, investor relations, portfolio management, operations, portfolio monitoring, executive committee planning, and HR. Anaplan connects financial, operating, and performance data with business strategy and processes. Anaplan provides many of the same benefits of a traditional data warehouse, with the added benefit of being understandable to business users. It can serve as a tool for receiving information from multiple sources, internal and external (such as administrators and operating partners), to allow funds to model and evaluate cash flow data at the investment and investor level. Being cloud-based, Anaplan also fulfills private capital firms’ mobility requirements. Finally, it’s extremely flexible. Once a firm solves a specific pain point using Anaplan, multiple other areas within the firm often find they can benefit from its use. Some of those include budgeting and cash flow forecasting, sale realization modeling, carry modeling, and compensation planning and approval. Opportunities: Use Cases for Private Equity For private equity firms, there are many potential use cases across their front, middle, and back-office operations as well as at the portfolio company level. Financial Planning and Analysis: Streamline management annual budgeting and planning processes; automate financial consolidations across legal entities; improve portfolio company planning and reporting as well as enable better profitability forecasting, cost allocations, balance sheet, and cash planning Deal Underwriting, Valuations: Create granular acquisition underwriting and debt financing models with full data traceability and transparency; provide tailored investment valuations; access enhanced acquisition, LBO, M&A modeling, and sale realization planning tools Operations and Cash Flow Forecasting: Roll-up cash flows from a portfolio company event or hypothetical liquidation to model out, in real-time, impacts on returns and distribution; optimize portfolio monitoring and forecasting capabilities as well as operations and project planning; streamline and automate complex management company cash-flow forecasting Waterfall, Promote Modelling: Automate complex carry structures with multi-tier waterfalls; better analyze funds, portfolio, and investment performance; consolidate through multiple legal entity structures Investor Relations: Integrate performance reporting and analytics with enhanced fundraising, deal flow forecasting capabilities, and investor territory stratification Human Capital Planning: Models with workflow engine to initiate approvals as well as costs by region, line of business, and grade; visualize organization modeling; provide incentive compensation modeling and forecasting, workforce planning, and analytics Opportunities: Use Cases for Real Estate For real estate assets and investment managers, there are also many potential use cases across their front and back-office operations as well as at the underlying property asset level: Deal Underwriting, Asset Management: Create granular property or portfolio acquisition underwriting and debt financing models with full data traceability and transparency; create lease-up and deal flow assumption sets; conduct advanced scenario modeling in real-time to assess acquisition impact on returns and distributions Enhanced Asset and Portfolio Monitoring: Workflow-based data aggregation and validation from disparate sources; configurable rules-based engine and financial validations (Trial Balance etc.); non-financial metric aggregation and analysis Connected Property Budgeting, Forecasting, and Long Term Planning: Fully integrated annual budgeting and planning processes; real-time variance analysis with full transparency; continuous rolling re-forecast with look-through for any time period; immediate impact analysis of changes from source systems; support for top-down driver-based planning as well as bottom-up or zero-based methodologies Development Feasibility: Create multiple development scenarios and model against the baseline BAU scenario; impact analysis of actual expenditure and lease-up over the life of the development; break out incremental NOI value of development by line item versus market forces impact on static state asset performance Operations Planning: Enhanced CapEx, OpEx, and service charge planning and allocations; real-time reporting on variances with drill-through and narratives; rolling multi-year CapEx planning; integrated Project Portfolio Management capabilities Property Portfolio Planning: Create ad hoc portfolios by asset type, geography, strategic, etc.; stress txt based on top-line driver changes across an entire portfolio in seconds (changes in LIBOR, yields, sub-market MLAs, incentives or other factors); conduct M&A impact analysis with multiple side-by-side scenarios Property Valuation: Calculate accurate capital valuations; predict portfolio profitability by forecasting re-valuations based on future cash flow; tailored valuation methodologies based on local standards (DCF in the US; equivalent yield in the UK, etc.) Fund, Waterfall and Enterprise Modelling: Integrated modeling from lease and property through investment structures to ultimate fund or holding entity level; support for complex waterfalls at different tiers of the investment structure; top-down driver-based impact analysis; track carried interest for participants Investor Relations: Integrate performance reporting and analytics with enhanced fundraising and deal flow forecasting capabilities and investor territory stratification More about Connected Planning: Transforming IT Project Planning for CIOs Connected Planning in the Age of Artificial Intelligence The State of Connected Planning Trends Review The Power of Connected Planning The above use cases highlight some of the capabilities of Anaplan to solve for many of the situations where the private capital industry has previously reverted to disparate Excel spreadsheets to provide the flexibility and control that firm professionals require. Due to the truly connected planning nature of Anaplan it naturally grows within the organization, such that once a firm has used Anaplan to solve one particular issue (e.g. human capital planning), they then go in search of other processes and models to improve, connect, and automate (e.g. carry models, distribution waterfall calculations, financial entity consolidations) as well as new data streams to connect (e.g. accounting system data, benchmark data etc.). Several common scenarios faced by the private capital industry have been built into Anaplan Accelerator Apps which can be found on the Anaplan App Hub. These Apps provide accelerator models for Anaplan clients, enabling them to leverage a pre-built model and customize the requirements to their own processes, workflows, reporting requirements, and data integration needs. The most advanced users are those that then connect their different models within Anaplan. This enables firms to connect a full investment to investor value chain e.g. an LBO model to value a deal, connect a portfolio company monitoring model to track and value their investment, connect a carry / waterfall model to aggregate the returns up through their fund structure and finally connect returns back to their employee incentive compensation scheme models. In summary, one of the most powerful aspects of leveraging Anaplan within a private capital operating model is the ability to streamline, evolve, adapt, and automate many of the historically disparate models used to operate a private capital business. As goals change, markets shift, and strategies adjust –so does your Anaplan solution. It’s a living platform that adapts to your requirements and transforms the way you do business. What do you think about the information presented here? Let us know your thoughts in the comments below. About the authors Nick Moore is co-founder and executive director of Lionpoint Group. Jonathan Balkin is co-founder and executive director of Lionpoint Group. For more information on Lionpoint Group and how we support private capital firms in their Anaplan please visit www.lionpointgroup.com or email Anaplan@lionpointgroup.com.
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