Convergence Announces Launch of New Website
Summary
“As practicing industry CFOs, we were frustrated by the lack of independent, fact-based benchmarking data for middle and back office functions,” Gene Donnelly and John Phinney, Co-Founders of Convergence, stated.The firm’s Advisory services identify reasons behind these benchmarking differences and present opportunities to improve efficiency, enhance controls and reduce infrastructure expanse.Convergence’s Solutions Implementation practice operationalize the opportunities identified from its benchmarking and advisory work and reduce the drag on Management fees and fund returns.By using proprietary benchmark data combined with analytical tools and models, the firm identifies opportunities to reduce clients’ Management Company and Fund expenses.The firm’s Advisory services identify reasons behind these benchmarking differences and present opportunities to improve efficiency, enhance controls and reduce infrastructure expanse.