Project Summary | Ares OneStream Implementation
The Challenge
Ares Management was utilizing a home-grown database for data collection and reporting. However, the system did not allow for automation of rollforwards of Assets Under Management (AUM). Manually managing the rollforwards was taking up a significant amount of time for the Ares team. They selected CompIntelligence as their OneStream implementation partner to improve processes central to their day-to-day business needs.
Innovative Solutions, Outstanding Results
| The Solutions | The Results |
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Automated the rollforward of AUM (Assets Under Management) previously housed in a home-grown SQL database formalizing the data collection and reporting process for over 200 Fund accountants |
A less time-consuming process. Additionally, there is no longer a need to maintain the home-grown database. |
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Drive-based financial model to rollforward AUM balances and derive AUM properties |
Replaced a highly complex and highly labor-intensive Excel modeling |
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Multi-tiered, multi-silo dynamic investment ownership module to calculate and eliminate complex ownership at multiple levels of the organization's structure |
Increased efficiency and data visibility to make fast and informed business decisions |
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Custom drill-downs/drill-throughs into transactional data to allow MTD, QTD, YTD views |
Improved data and efficiency for MTD, QTD, and YTD reporting |
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Consolidation and External Reporting |
Replaced manual Excel consolidations, saving significant time each month |
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Consolidated Cash Flow calculation, automation, and reporting |
Account Recs are performed in the same platform as financial consolidation and reporting, ensuring that GL trial balances, consolidated financials, and account reconciliations are always in sync |
About Ares
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Ares Management Corporation is a leading global alternative investment manager operating complementary, integrated investment groups that invest across credit, private equity and real estate markets. Ares Management’s investment groups collaborate to deliver innovative investment solutions and consistent and attractive investment returns for fun investors throughout market cycles.
