Major new customer adoptions follow the opening of eFront’s new Luxembourg office
Luxembourg | March 07, 2019 – eFront, the leading provider of alternative investment management software, today announces that it has …
San Francisco | September 4, 2018 – eFront, the world’s leading alternative investment management software and solutions provider, announced today that Silicon Valley-based Sapphire Ventures has implemented eFront VC as its central fund accounting and administration solution.
Sapphire Ventures LLC (formerly known as SAP Ventures) is a venture capital firm specialized in direct and fund of funds investments in the Fintech sector. By leveraging the eFront VC solution, the firm has optimized its entire fund and portfolio administration cycle and simplified its accounting process. It now has all investment and fund transactions managed through a centralized system, with the ability to track complex allocation structures separately, while performing live reporting and analysis.
Shane Arslan, Accounting Manager at Sapphire Ventures commented: “Implementing eFront VC was a critical decision for Sapphire Ventures that helped us streamline our internal processes. As for the finance department, we now have a single platform for our direct and indirect investments, enabling us to optimize resources, scale-up data gathering and improve reporting.”
Dave Cox, Chief Customer Success Officer at eFront added: “We are very pleased to welcome Sapphire Ventures to the eFront client community. It’s been a tremendous partnership throughout the project cycle, and we’re very excited to have them live. eFront VC is the only complete solution for venture capital firms and Sapphire Venture is a great example of how it supports both direct and fund of funds investment structures. We very much look forward to a long and fruitful partnership with Sapphire.”
Sapphire Ventures is a venture capital firm founded in 1996, spun out of SAP Ventures in 2011. They invest globally in growth-stage technology companies and early-stage venture funds, with an AUM of $2.5 billion. Leveraging more than two decades of experience and a vast global enterprise network, Sapphire Ventures provide capital, resources and expertise to enable the investments to scale rapidly.