Disclaimer: this is not an advertorial thread
We came across a very powerful hedge fund accounting software, whereby all the computations are computed automatically, including analysis report, graph, charts, internal reporting purpose. The advanced technology avaialable in the market has resulted in the substantial change in the role of accountant, espeically fund accountant.
Hedge fund is a high-end area, where sophisticated accounting software have been developed to make the accounting process easier and faster. Imagine this: by inputing the details (e.g. share price), the reports, charts, entries are automatically generated.
However, a hedge accounting software should not disable a fund accountant ability to understand the concept, the journal entries, the accounting framework, and the relevant accounting standard, espeically IAS 39.