Vendor ·
TresVista and Elimentary sign a multi-year partnership to run AI agents in fund administration and FP&A workflows
TresVista, a provider of advisory, managed-services and fund-administration support, will bring Elimentary's agents into select fund administration and FP&A workflows across direct lending, structured credit, CDOs and CLOs, with initial agents already live. In the first deployment (vendor-reported), an agent ran a quarterly-filing reconciliation for a US-listed BDC covering 500+ checks across filings and workbooks; each run fell from about 20 hours of analyst and reviewer time to under 30 minutes plus about an hour of manual sign-off. Reviewers keep sign-off.
Why it matters for deal teams: Outsourced fund-ops providers are now embedding AI agents into reconciliation and reporting, with humans moving from preparer to reviewer; firms that outsource these tasks may want to ask their providers how review and audit trails work.
Source: Elimentary newsroom ↗ · more ↗