The Backbone of Precision: Sweden’s Fund Accounting Team in Focus

Oct 15, 2024

At Permian Sweden, everything begins with exceptional fund accounting! We’re proud to have a dedicated team of 20 fund accountants who bring a wide range of expertise, experience, and a strong commitment to delivering an accurate and precise product. Their work is essential in managing our fund accounting and payroll processes, ensuring that we meet the highest standards of accuracy and compliance.

 

We’ve seen firsthand how fundamental accounting missteps can disrupt operations, leading to errors in investor reporting, inaccurate IRR and waterfall calculations, and mistakes in investor payments. At Permian Sweden, we are committed to avoiding these pitfalls by building a strong foundation of precision and accountability in all aspects of our work.

Expertise in Fund Accounting

Our Swedish accounting team is composed of experienced professionals, including authorized accountants and auditors, with deep expertise in both accounting and the financial sector. This level of knowledge enables the department to effectively manage a wide range of complex fund structures, positioning the team as a key player in handling both local and international financial requirements. Moreover, the team’s understanding of fund operations, combined with its capacity due to its size, ensures that clients receive accurate, timely, and insightful financial information.

 

In addition to fund operations, our team ensures that income tax returns and VAT obligations are handled with precision. The accounting team also works closely and efficiently with our fund administration team and other specialist departments at Permian. This strong collaboration enables Permian to consistently deliver top-quality service to both fund managers and investors.

 

Seamless Operations with Allvue

The complete use of Allvue, where fund accounting and fund administration is combined, marks a significant advancement for our client deliveries. Allvue enables seamless collaboration between the accounting and fund administration teams, enhancing efficiency and quality through real-time data management, automated reporting, and transparent fund tracking. This platform ensures that the teams can manage funds with greater accuracy and speed, while meeting clients' evolving needs.

 

Payroll Management

Our accounting team includes specialists dedicated to payroll management, ensuring smooth and compliant payroll operations. We handle every aspect of payroll, including payslip creation, employee benefits management, salary payments and tax payments. This comprehensive approach guarantees accuracy and transparency while ensuring compliance with local tax regulations.

 

Quality and Scalability

Permian strives to deliver quality and efficiency in every process, whether delivering routine fund administration services or tackling more complex financial projects. One of our core values are precise! The operation is continuously scaled to meet business needs, ensuring that tasks are managed with the same level of accuracy, regardless of the volume or complexity.

 

The accounting team is flexible and ready to adapt to new challenges while maintaining consistent, high-quality financial reporting. By combining expertise with advanced technology, the team is working to ensure that clients always receive top-tier service.

15 Oct, 2024
At Permian Sweden, everything begins with exceptional fund accounting! We’re proud to have a dedicated team of 20 fund accountants who bring a wide range of expertise, experience, and a strong commitment to delivering an accurate and precise product. Their work is essential in managing our fund accounting and payroll processes, ensuring that we meet the highest standards of accuracy and compliance. We’ve seen firsthand how fundamental accounting missteps can disrupt operations, leading to errors in investor reporting, inaccurate IRR and waterfall calculations, and mistakes in investor payments. At Permian Sweden, we are committed to avoiding these pitfalls by building a strong foundation of precision and accountability in all aspects of our work.
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To our valued clients, business partners and colleagues, As summer unfolds with its warm and sunny days, we extend our best wishes for a delightful and restful holiday season. This time of the year offers a wonderful opportunity to unwind, recharge, and enjoy the beauty of summer. Reflecting on the past six months, Permian has been diligently working on enhancing our services and operations. Our ongoing implementation of the market-leading fund administration system, Allvue, marks a significant step in our commitment to delivering superior service and operational excellence. This advancement, along with our growing team, is aimed at better supporting our clients’ needs across the Nordics. We look forward to continuing our progress and strengthening our partnerships after the summer break. The Permian team wishes you all a delightful and restful summer!
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