Allvue Systems, the leading provider of alternative investment software, announced that BPM, a premier provider of accounting and advisory services, has selected Allvue as the technology foundation for its newly launched fund administration business.

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“BPM represents exactly the kind of forward-thinking firm that recognizes the importance of going to market with the right technology from the start,” said James DiCostanzo, Global Sales Director at Allvue.

As BPM expands its service offerings to include fund administration, the firm has chosen to build its practice on Allvue’s purpose-built platform — bringing together BPM’s deep accounting and client service expertise with Allvue’s best-in-class fund accounting, investor relations, and data management capabilities.

“We are excited to bring fund administration services to our clients, and partnering with a leading technology provider like Allvue allows us to go to market with confidence,” said Danuta Fitzsimmons, Partner at BPM. “Allvue’s platform gives us the operational infrastructure we need to deliver the transparency, accuracy, and efficiency that today’s fund managers expect.”

With Allvue, BPM’s fund administration practice will have access to a comprehensive suite of tools, including fund accounting with multi-currency general ledger capabilities, automated back-office workflows, a fully configurable investor portal, and self-service reporting and dashboards. The platform’s cloud-native architecture and Microsoft-based infrastructure ensure BPM can scale its business and deliver institutional-quality service from day one.

“BPM represents exactly the kind of forward-thinking firm that recognizes the importance of going to market with the right technology from the start,” said James DiCostanzo, Global Sales Director at Allvue.

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