G2

Verified User in Financial Services

Mid-Market (51-1000 emp.)

9/3/2021

"World class software for Portfolio accounting and Hedge Fund Accounting"

4/5

What do you like best about Geneva?

Geneva has the best interface among the Fund accounting softwares I have used in my career. It can support all types of products. The upload feature is the best and you can create all types of loaders including deleting the transactions. I had a client who had a very heavy volume of transactions and Geneva can handle the volume very well. Geneva has Java and Dotnet versions and both are good. Geneva can support transactions in all currencies and calculate the FX realized and unrealized gain/loss automatically. It can support various types of debt securities and calculate the interest and paydown. Supports all types of derivatives and OTC products. You can delete transactions in a single click and upload thousands of transactions in seconds. Review collected by and hosted on G2.com.

What do you dislike about Geneva?

I have heard that it is very costly software and they charge fees on your AUM. For Private equity where we do the user-proved allocations for investors, Geneva is not recommended. For Hedge Funds, it is the best software in the market. Also for some transactions, you may not be able to see the Debit/credit journal entry clearly in the system except for the accounting entries which you post manually. Review collected by and hosted on G2.com.

Recommendations to others considering Geneva:

Yes if you are dealing in various types of securities and need a portfolio accounting world-class software. Review collected by and hosted on G2.com.

What problems is Geneva solving and how is that benefiting you?

I was doing Portfolio accounting and NAV calculations using Geneva. The benefits are that it supports all types of securities and also you can customize the reports as per your requirements. Review collected by and hosted on G2.com.