Eton Solutions Launches EtonGPT™ Enabled Fund Accounting Platform and Services Targeted at General Partners of Private Equity Firms
November 19, 2024
Eton Solutions transforms the Private Equity, Real Estate, and Fund of Funds sectors with its AtlasFive® platform enhanced with the AI-tool EtonGPT™, bringing unmatched efficiency and real-time reporting capabilities.
Research Triangle Park, NC, 19th November 2024 — Eton Solutions, a leader in comprehensive wealth management ERP systems, today announced the launch of a specialized Fund Accounting Platform and Services suite tailored for Private Equity (PE), Real Estate (RE) and Fund of Funds (FOF) firms, aiming to meet the demands of General Partners looking to enhance transparency and timely reporting to their end investors. This new offering is being rolled out globally.
Built on the AtlasFive® platform, a cloud-native, AI-enhanced ERP solution, this expansion underscores Eton Solutions' commitment to transforming fund accounting. By integrating leading-edge AI technology with EtonGPT™, Eton enhances compliance, portfolio management, and operational efficiency for PE firms operating around the world.
Eton Solutions has solidified its position as an industry leader, supporting over 1,918 funds and supporting the management of $936 billion in Assets Under Management (AUM) on its AtlasFive® platform. With Fund Administration services currently offered to 550 of its clients’ funds, totaling $27 billion in AUM, Eton Solutions has demonstrated the strength and scalability of its solutions.
Satyen Patel, Eton Solutions’ Executive Chairman commented, “Our launch today advances our mission to deliver cutting-edge, AI-powered fund accounting solutions to the private equity, real estate, and fund of funds sectors around the world. AtlasFive® empowers firms to handle complex fund accounting with speed and precision, automating routine tasks to minimize errors.”
Rob Mallernee, Founder and Chief Executive Officer of Eton Solutions, commented, " The U.S. private equity market, as the largest and most mature globally, sets a high benchmark for fund management solutions, requiring technology that can meet its rigorous demands. AtlasFive® rises to the challenge, offering a scalable solution designed to streamline fund operations while enhancing precision and transparency. By addressing the unique needs of this sophisticated market, our platform equips General Partners with the tools to drive efficiency, strengthen investor relationships, and stay ahead in a competitive landscape. This same versatility makes AtlasFive® a valuable asset in global markets, fostering growth and innovation wherever it’s deployed."
AtlasFive® offers an extensive suite of integrated functionalities tailored to the complexities of Private Equity operations, covering portfolio management, GL accounting, fund accounting, tax ledger, and risk management, all driven by automation. Enhanced features include real-time client reporting, AI-enabled cash and treasury management through EtonGPT™, and comprehensive compliance and security controls aligned with regulatory standards.
Purpose-built for General Partners and family offices, AtlasFive® combines AI-driven, real-time features to minimize manual work, accelerate decision-making, and establish a resilient digital infrastructure in the US. With EtonGPT™, AtlasFive® processes over 250 document types, from capital calls, distribution notices to manager statements — empowering fund administrators to achieve a 2X to 4X boost in operational efficiency.
Eton Solutions has solidified its reputation as a leader in cloud-native ERP platforms for wealth management and fund accounting, delivering advanced, AI-powered tools that streamline operations and enhance decision-making for asset managers, family offices, and private equity firms.
Acerca de Eton Solutions:
Eton Solutions is an ERP software product (AtlasFive®) and services company founded to handle the complexities of servicing family offices and private equity firms globally. The company is based in the United States, in Research Triangle Park, NC. with its international headquarters in Singapore focused on serving markets outside of the Americas. Created by family office leaders, Eton Solutions' flagship product is AtlasFive®, with over US$936 billion being managed on our integrated platform that holistically aggregates and manages all your liquid and alternative investment assets and office's data, reporting and workflow processes. With one source of truth, Eton Solutions leads PE firms and family offices into the future by maximising efficiency and minimising errors and risk. Eton Solutions has experienced a CAGR of over 100% since its inception.
Visit: https://www.eton-solutions.com
For media queries, please contact:
Tracie Soh | tracie.soh@eton-solutions.com | +65 9674 5475
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