ACA team members recently participated in the Private Equity International (PEI) Private Fund Compliance Forum and the PERE CFOs & COOs Forum. Both events discussed technology adoption, operational improvements, and cybersecurity concerns. When polled, attendees noted:
- the need for adopting technology to support compliance and marketing review workflows;
- data management as an operational challenge; and
- process automation and system improvements as top priorities.
Below are some notable takeaways from the poll results that we want to share.
* PERE CFOs & COOs Forum 2017
** Private Equity International (PEI) Private Fund Compliance Forum 2017
PERE CFOs & COOs Forum 2017
- 64% of attendees polled have made process automation or systems improvements their top priorities for the next 12 months.
- 48% cited data management as a contributor to their firm’s operational challenges.
- 33% said their greatest opportunity in the next 12 months is in optimizing operational costs and efficiencies.
- 41% have not conducted cybersecurity training in over one year.
- 59% have not reviewed the cybersecurity risks of their firm’s portfolio investments.
PEI Private Fund Compliance Forum 2017
- 83% of firms are either exploring workflow tools to support the marketing review process or haven’t assessed any tools yet.
- 75% do not have a dedicated compliance budget.
How ACA Can Help
We have observed similar concerns and priorities among the firms we work with globally, including prioritizing operational efficiencies, optimizing workflows, and improving existing systems. We offer a range of technology and cybersecurity solutions to help our clients address these needs.
Upcoming and OnDemand Webcasts
ACA hosts educational webcasts throughout the year to help our clients and friends stay informed on compliance issues, cybersecurity best practices, technology trends, and performance standards. Please join us for one of our upcoming webcasts, or check out one of our past webcasts at your convenience.
- Technology for your Compliance and Marketing Teams – Demonstration of ComplianceAlpha’s Marketing Review Solution (June 14, 2017)
- Private Equity Update (June 21, 2017)
- Portfolio Company Information Technology and Cybersecurity Due Diligence
- Why Technology Has Become an Integral Part of Allocations and Compliance
- Compliance Roundtable Webcast for Real Estate Investment Advisers
- Introduction to Risk Management, Part 1: Vendor and Third-Party Risk
- Introduction to Risk Management, Part 2: Demonstration of the ACA Aponix Module in ComplianceAlpha