XSML Business Case
An impact investment fund manager focused on Central and East Africa deploys Preqin Solutions to increase operational efficiencies.
The Challenge: The firm spent time manually combining spreadsheets and lacked one standardized source of truth about its portfolio companies.
Before implementing Preqin Solutions, XSML used Excel and Word to track multiple portfolio companies, often finding the information was not standardized. This made it difficult to understand the performance of the companies in its portfolio.
The fund decided it needed institutional-level technology to help it as it scaled. It evaluated many providers and ultimately selected Preqin Solutions.
The Outcome: One standardized view of its portfolio companies
Preqin Solutions provided XSML with portfolio management software to help the firm manage valuations and financials on its 50+ portfolio companies.
“We looked around at a number of solutions and found Preqin Solutions, which has helped us a lot in creating one source of information, making it possible to have one location where everyone – regardless of where they are based – can just log in and easily view the details of a company and find its status” said Barthout van Slingelandt, Managing Partner at XSML.
“There is not one forecast that looks different from another, even though the content may of course be different,” he said.
The firm also appreciates how easy it is to navigate the system and drill down from an overview into more detail, to move from a tearsheet where you have the summary of the company to the financials and valuations.
Before adopting Preqin Solutions, XSML had to ensure that the product worked well in the markets in which it operates – the Democratic Republic of Congo and Uganda. They ran several tests to ensure bandwidth was satisfactory in the markets they operate in, and they found no issues.
Why XSML chose Preqin Solutions
- Simplicity and ease of use
- Ability to drilldown into the financials and see a big picture view, where relevant
- Flexibility of the system to accommodate a diverse portfolio
- Preqin Solutions provided world class support during the system evaluation and implementation stages
- Enables one source of truth
- Ensure data is inputted and stored in a consistent way
- Makes it easy to share information between team members who are located in different offices
- Saves times by automating manual processes