Fund ERP

This is ManCo administration, part of Fund Administration in Carta's ERP for private capital. Your management company is your firm's financial hub. But when you run your ManCo accounting in a separate system, you have to burn time just to get a complete view of your firm. By connecting ManCo accounting and fund accounting in one ERP, you can handle growing complexity without adding overhead.

When you're paying an expense that needs to be reimbursed by funds, Carta extracts the invoice, fills in the allocation, and books the intercompany journals automatically. And with Carta's Ramp integration, you can allocate your credit card, bill pay, and reimbursement expenses too. Those transactions accumulate as intercompany receivables and payables. Within your ManCo, you can see all those intercompany balances across other entities in the firm.

Settle those balances in bulk in a single workflow, handling transfers and the associated journal entries at the same time. Understanding firm-wide spend demands more than a standard chart of accounts. Sub-accounts let you add granularity within a GL account. Custom reporting tags add the operational context that matters to your firm: department, event, office location, and more.

Drill into any line item to see the journal entries behind it. That same spend data powers your budget. Generate a budget in seconds, compare against actuals, and even model scenarios. In Claude for Excel, describe a scenario like a new fundraise.

Claude models the full P&L impact using your actual GL as the foundation for baseline and underlying assumptions, so you walk into the partners' meeting with a fully reasoned recommendation. Only Carta connects your management company and fund accounting in one ERP, so your firm can grow without growing your team.