Case Study

ICON Investments adapts to a demanding

marketplace with LeaseWave

Challenges

  • Improve operations by reducing manual processes and temporary workarounds.
  • Provide a centralized platform to replace disparate legacy systems Solution.

Solution

  • Implement LeaseWave to deliver one database source for company.
  • Build and implement a custom time keeping system.
  • Enable ICON to stay ahead of the competive market with real-time access to accurate data Results.

Results

  • Reduced time required to close funds at end of accounting periods by 30-40%.
  • Accelerated ability to add funds from a rate of 1 annually to 2-3 funds annually.
  • Significantly reduced size of team required to perform annual audit.

“Odessa’s team members are dedicated to learning your business.” Hana Park, Director of Operations, ICON Investments

ICON is a leading asset manager that provides innovative alternative investment products to individual and institutional investors through publicly registered programs, private funds and separately managed accounts. With more than 25 years of experience in the alternative asset management industry, ICON and its aliates have managed investments for more than 53,000 investors and made more than $3.9 billion in total investments.

ICON markets ‘investment funds’, with various investment objectives, rules,parameters and other requisites. In addition to carrying out relatively complex ‘lease accounting’, ICON’s model requires sophisticated ‘fund accounting’.