In a strategic move aimed at optimizing fund administration and accounting processes, Permian recently started implementing  Allvue as core system to support its business operation. The decision is in line with the progressive move to enhance Permian's capabilities as a provider, delivering better platforms and ensuring compliance with security standards.

The new system is a modern platform built on Microsoft cloud technology, including efficient support for both fund administration and fund accounting, being fully integrated together in the solution. The transition is seen as a strategic move to embrace a modern IT environment where Permian administration and accounting operations are handled in one system. Adapting Allvue systems will be a long-term partnership for Permian and the implementation of all Allvue possibilities, such as built in AI, enhanced reporting capabilities and integrated client and customer portals, will be a step-by-step process over time.     

Why Allvue?

The decision to utilize Allvue Systems is founded on its progressive technology and modernized capabilities. Allvue provides a solid foundation for the future, being an established system with an existing customer base, and has a successful track record with similar clients. 

The new system offers improved data integration, and Permian is pleased to share that, following the new implementation, FX rates will automatically be fed into the system, ensuring a robust and dependable source for Permian’s clients' financial data. 

Permian embarks on a modernization journey with Allvue

Allvue's advanced suite of tools are tailored for managing diverse alternative investment portfolios, streamlining fund administration and fund accounting complexities, and enhancing risk management specific to private equity fund operations. Allvue's seamless data integration, workflow automation, and tailored reporting bring a new level of efficiency, accuracy, and compliance confidence to Permian's operations. The partnership reflects Permian's commitment to elevating standards in fund administration and accounting, empowering Permian's teams to focus on strategic initiatives and deliver exceptional services to our   clients. 

Permian's partnership with Allvue is also a possibility to grow into new markets and achieve improved services, for example, for private debt funds. Allvue has a broad product range, and with that, Permian has the possibility to grow with the system.