Beacon Consulting Group Releases Mutual Fund Financial Reporting Benchmark Study

Beacon Consulting Group's Financial Reporting Benchmarking Study analyzes the resources applied to the preparation and review of mutual fund financial statements. The results underscore the benefits to asset managers of implementing financial reporting best practices and highlights timing and resource differences between firms that prepare their own financial statements versus those that outsource the process.

Boston, MA (PRWEB) March 31, 2009 -- Today, Beacon Consulting Group, a strategic and operational consulting firm to the investment management industry, released its Financial Reporting Benchmark Study. The study analyzes the resources applied to the preparation and review of mutual fund shareholder reports. The results underscore the benefits to asset managers of implementing financial reporting best practices and highlights timing and resource differences between firms that prepare their own financial statements versus those that outsource the process.

"Beacon's Benchmark Study validates what we have been advising clients to do in order to improve their financial reporting process, especially the benefits of pre-cycle work. The study's results will help drive continuous improvement efforts in this critical function," said Frank Strauss, Principal, Beacon Consulting Group.

Beacon's Benchmark Study validates what we have been advising clients to do in order to improve their financial reporting process, especially the benefits of pre-cycle work. The study's results will help drive continuous improvement efforts in this critical function

For firms that outsource, the findings clearly demonstrate that proper oversight and coordination with third party fund administrators is critical to achieving operational efficiency and the desired cost benefits. An environment of cooperation and communication supported with meaningful SLAs that contain well-defined and measurable metrics is a great start. These SLAs provide the basis for performance measurement and identification of enhancement opportunities from a service and operations perspective.

A copy of the report can be obtained at http://www.beaconcgi.com.

About Beacon Consulting Group
Beacon Consulting Group is a trusted advisor to global financial and investment firms seeking to achieve and sustain a competitive edge. Beacon is an operational strategy and systems integration firm that works with investors, investment managers, third party administrators, hedge funds and technology vendors to improve efficiency, controls and profitability of middle and back office operations.

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