Solution introduction
Aggregation, accounting, and reporting. Built as one system, not three
When the three functions run on the same general ledger, the reconciliation problem disappears. Not because it's been solved — because it was never created. Every figure on every report traces to the journal entry that produced it. One source. No exceptions
The problem we're solving
The seams between systems are what your team reconciles before the books can close.
The reporting system was bought from one vendor. The accounting system was bought from another. The aggregation tool came from a third. Each one owns a copy of the data. Each one exports to the next. The close runs through the reconciliation gaps between them and every month, someone on your team spends a week proving the numbers tie.
That work isn't a feature of the stack. It's the cost of three systems pretending to be one. The principal feels it. The reporting timeline carries it. And every new entity, new fund vintage or new asset class makes it worse.
For private fund managers, the same problem takes a different form. The fund administrator runs one set of books. The GP runs another. The waterfall lives in a spreadsheet maintained alongside the fund agreement, not derived from it. K-1s get produced from a separate system that doesn't talk to either. The persona is different. The reconciliation problem is identical.
The architectural decision that resolves it isn't a better integration. It's the absence of one.
