Chicago, 60606, IL,
United States
LICCAR Fund Services Technographics
Discover the latest software purchases and digital transformation initiatives being undertaken by LICCAR Fund Services and its business and technology executives. Each quarter our research team identifies on-prem and cloud applications that are being used by the 50 LICCAR Fund Services employees from the public (Press Releases, Customer References, Testimonials, Case Studies and Success Stories) and proprietary sources.
During our research, we have identified that LICCAR Fund Services has purchased the following applications: Linedata Reporting for Analytics and BI in 2010, Microsoft 365 for Collaboration in 2016, Linedata MFact for Portfolio and Investment Management in 2010 and the related IT decision-makers and key stakeholders.
Our database provides customer insight and contextual information on which enterprise applications and software systems LICCAR Fund Services is running and its propensity to invest more and deepen its relationship with Linedata , Microsoft , Amazon Web Services (AWS) or identify new suppliers as part of their overall Digital and IT transformation projects to stay competitive, fend off threats from disruptive forces, or comply with internal mandates to improve overall enterprise efficiency.
We have been analyzing LICCAR Fund Services revenues, which have grown to $7.0 million in 2024, plus its IT budget and roadmap, cloud software purchases, aggregating massive amounts of data points that form the basis of our forecast assumptions for LICCAR Fund Services intention to invest in emerging technologies such as AI, Machine Learning, IoT, Blockchain, Autonomous Database or in cloud-based ERP, HCM, CRM, EPM, Procurement or Treasury applications.
Analytics and BI
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| Linedata | Legacy | Linedata Reporting | Analytics and BI | Analytics and BI | n/a | 2010 | 2010 |
In 2010, LICCAR Fund Services implemented Linedata Reporting alongside Linedata Mfact and Linedata Mshare to address Analytics and BI requirements across its fund administration operations. The deployment targeted fund accounting, third party administration and reporting workflows to support an expanding client base of over 200 onshore and offshore funds.
Configuration included the Partnership Allocations module to handle partnership P and L allocations, Linedata Mfact for core fund accounting and Linedata Mshare for transfer agency and shareholder servicing. The implementation emphasized comprehensive US partnership and master feeder accounting capabilities and an allocations engine designed to reduce spreadsheet dependency and automate allocation processes.
Operational coverage spanned hedge funds, commodity pools, commodity trading advisors, broker dealers, introducing brokers and futures commission merchants, with a planned rollout to have all funds live by year end. Linedata Reporting was positioned as the reporting engine to enable a new client reporting service and to stabilize overheads while scaling service delivery.
Governance and audit readiness were explicit priorities, the program aiming to support SAS70 audit requirements and to minimize manual intervention by centralizing accounting and transfer agency workflows on a single platform. Rapid implementation timelines were cited as enabling a quicker return on investment and faster initiation of the new reporting service.
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Collaboration
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| Microsoft | Legacy | Microsoft 365 | Collaboration | Collaboration | n/a | 2016 | 2016 |
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Investment Management
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| Linedata | Legacy | Linedata MFact | Portfolio and Investment Management | Investment Management | n/a | 2010 | 2010 |
In 2010 LICCAR Fund Services implemented Linedata MFact as the core fund accounting engine, alongside Linedata MShare and Linedata Reporting, to deliver a consolidated Portfolio and Investment Management solution for fund accounting, third party administration and client reporting. LICCAR Fund Services implemented Linedata MFact in 2010 to support fund accounting and third party administration within the Portfolio and Investment Management category, covering complex fund structures and multi-entity accounting.
The deployment included the Linedata Partnership Allocations module to automate P&L allocations and reduce spreadsheet dependency, plus integrated master feeder and US partnership accounting capabilities. Linedata MFact and Linedata Reporting were configured to handle a wide variety of instruments and fund types, enabling accounting, transfer agency workflows and investor reporting as functional modules of the platform.
Architecture was delivered as a single integrated platform designed for administrators, accountants and custodians, providing a scalable environment to host over 200 onshore and offshore funds and diverse client types including hedge funds, commodity pools, commodity trading advisors, broker dealers, introducing brokers and futures commission merchants. The implementation emphasized minimal manual intervention through integrated accounting and reporting flows, and Linedata MFact was positioned as the central accounting ledger with Linedata Reporting driving client-facing reports.
Governance and operational change focused on audit readiness and service continuity, the solution was chosen to assist LICCAR Fund Services in meeting SAS70 audit expectations and to maintain high service levels while controlling overheads. Rapid implementation timelines were cited, enabling a quicker return on investment and the launch of a new reporting service for clients, with plans to have all funds live on Linedata MFact and associated modules by the end of the year.
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Transfer Agency | Investment Management |
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2010 | 2010 |
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IaaS
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
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Application Hosting and Computing Services | IaaS |
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2023 | 2023 |
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Content Delivery Network | IaaS |
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2023 | 2023 |
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