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Www.itventure.co.uk Introduction June 2012. www.itventure.co.uk Copyright 2012 IT-Venture Solutions Ltd Registered in England, company number 07942380.

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Presentation on theme: "Www.itventure.co.uk Introduction June 2012. www.itventure.co.uk Copyright 2012 IT-Venture Solutions Ltd Registered in England, company number 07942380."— Presentation transcript:

1 Introduction June 2012

2 Copyright 2012 IT-Venture Solutions Ltd Registered in England, company number Commercial-in-confidence Welcome to it.venture. We are a young, dynamic consultancy practice, focused on the private equity and alternative assets industry. We are based in Central London. We specialise in providing independent IT project advisory and implementation services to the alternative asset industry. Through its principals, Bertie Heyman and Redmond Lee, it.venture has a wealth of experience with private equity and alternative asset investors (LPs), managers (GPs) and fund administrators, gathered over 10+ years serving clients in 3 continents and 12 countries. it.venture : Welcome

3 Copyright 2012 IT-Venture Solutions Ltd Registered in England, company number Commercial-in-confidence Unlike a larger, “one size fits all” firm, we are a focused consultancy, specialising in alternative assets and systems implementations. Our services include: – vendor selection Requirements gathering and functionality rankings Vendor capability assessments and request for proposals (RFPs) – project management Managing your implementation and speaking to vendors and other resources to deliver your project milestones – business analysis Targeting value-added functionalities and processes, such as efficiencies in workflow – data migration Using state of the art toolkits, we can help clean, migrate and augment your source data for a new package implementation – software testing Management of the Development > UAT > Production cycle Designing test scripts – specification and delivery of “mission critical” reports, both internally and externally via portal Assistance with specification of required reports, frequency, format – forms critical part of project sign-off Our exclusive partnerships mean we can help you get reports securely and immediately via a customised “investor portal” – software customisation for your business With any package comes customisation work based on your particular business needs. We can help prioritise customisation requests based on a business criticality ranking Services

4 Copyright 2012 IT-Venture Solutions Ltd Registered in England, company number Commercial-in-confidence We recently became accredited partners of WhiteSky Software (WSS). WSS is a revolutionary cloud-based application development platform. We are partnering WSS as we intend to use it to increase our service offering to clients, by undertaking specific commissions, for example: – Data Migration when moving from Package A to Package B WSS will allow us to implement all the logic and rules of Package B, and provide an auditable staging area for business analysts to perform reconciliations and reporting Scheduled, automated data refreshing and reporting – Specialised reporting or investor portals WSS is able to import and export data, to and from the cloud, via named ranges in Excel. In this way, the import and export templates can be of any shape or format As a cloud based delivery mechanism, it is useful for secure investor portal type applications, whilst maintaining a “firewall” between the investors and whatever application you have installed Objects created in WSS are all designed with or by the customer, so the data structure is familiar – and not imposed. This makes reporting and querying much easier than with a traditional vendor with legacy data structures Strategic Partnership Fig 2. Hierarchical representation of the WSS platform

5 Copyright 2012 IT-Venture Solutions Ltd Registered in England, company number Commercial-in-confidence Protection for your business Covering mutual confidentiality Protects both parties during the discovery phase and the project itself Non Disclosure Agreement Details the scope of our engagement Also offers resolution path for scope changes and additional requests Engagement Letter If we are retained on a longer term basis, it may be an option to progress to a services agreement for a more permanent relationship Services Agreement Reputation is everything – for both you and us. That’s why it.venture follows industry standards for consultancy engagements. Here are some examples of our standard documents for all engagements and clients:

6 Copyright 2012 IT-Venture Solutions Ltd Registered in England, company number Commercial-in-confidence Bertie Heyman Director Phone : +44 (0) st Hons degree Information Systems & Accounting (BSc) at Newcastle University. Founded it.venture in February 2011 Working with Private Equity and Real Estate clients based in the UK and Canada specialising in implementing CRM, portfolio management and accounting software systems Head of Reporting Solutions – eFront, London ( ) Working with eFront’s market leading FrontInvest product specialising in delivering client specific reporting requirements in the UK, US and Canada. Project Manager/Business Analyst - Barclays Infrastructure Funds, London ( ) Delivered a CRM, portfolio management and ledger accounting solution for Barclays Infrastructure Funds. Who we are – Our CVs Chartered Accountant (admitted 2000) Joined it.venture in March 2012 Manager – Finance Systems, Deloitte Consulting, London (July 2011 to March 2012) Finance Systems practice, involvement in advice to Lux fund administrators, and compliance work for Solvency II Managing Consultant – eFront, London (2004 to 2011) Leadership of the eFront implementation team and seeding overseas branch offices Senior Consultant – Accounting Framework (2002 to 2004) Working with Private Equity and Real Estate clients based in the UK and Canada specialising in implementing CRM, portfolio management and accounting software systems. Prior experience in software in Sydney, Australia at MYOB Group and Australian Taxation Office Redmond Lee CA Director Phone : +44 (0)

7 Copyright 2012 IT-Venture Solutions Ltd Registered in England, company number Commercial-in-confidence Over the years we have served clients in 12 countries over 3 continents... here is a selection: Our Client Experience ClientYearLocationClient TypeProject World wide multi-asset manager 2012London, UK and Frankfurt, Germany General Partner (GP) Vendor implementation, front and back office. Deal flow, portfolio management and general ledger. Follow up work with additional reporting Canadian multi-asset manager2011Toronto, Canada GPVendor implementation, front and back office. Deal flow, portfolio management and general ledger. Follow up work with additional reporting US based public sector pension fund 2009Midwest USLimited Partner (LP) Vendor implementation, front and back office. Deal flow, portfolio management and general ledger Listed mezzanine finance provider 2005London, UKGP/LPVendor implementation, focused on interest calculations and generation of rollover notices Infrastructure fund manager2008London, UKGPVendor implementation Government wealth vehicle2007Dubai, UAELPVendor implementation, large scale investments including complex investment structures Nordic GP2006Helsinki, Finland GPVendor implementation including specialist mezzanine and real estate fund Note : Current client references are available on request, subject to arrangement

8 Copyright 2012 IT-Venture Solutions Ltd Registered in England, company number Commercial-in-confidence Scenario : Large multi asset (PE and RE) fund manager in Canada, 2011 A fund manager in Canada had purchased a market leading vendor solution. However, their project team consisted mainly of busy finance operatives. As the implementation project moved forward, it became increasingly clear that the business did not have enough bandwidth into feeding requirements to the vendors in their report specifications. As such, the vendor reallocated their resources and the client was left with a project in stasis. it.venture : Case Study – Report Development Diagnose problems Report specs not getting created and signed off as per project plan Lack of key user availability Lack of knowledge of project scope and system functionality Assess business impacts Missed milestones leading to steering committee questions Vendor engagement reduced Risk of project failure and lost resources Agree scope and solution Immediate “extra set of hands” to deal with report specifications Regular engagement with vendor representatives at team meetings and steering committees Accelerate delivery of key reports by taking delivery ownership Deliver Reports specified and delivered on time and budget Resultant reports are closer to the business requirement due to IT-Venture’s understanding of the system and best practices for these types of businesses – less rework and better informed end users

9 Copyright 2012 IT-Venture Solutions Ltd Registered in England, company number Commercial-in-confidence We can come and meet you to discuss your current and upcoming projects. Contact us for a confidential assessment of your potential requirements. Redmond Lee : Bertie Heyman : Contacts and Next Steps


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