Leading Global Alternative Investment Firm Selects Compose to Manage Global Compensation
DecuSoft, the provider of Compose cloud-based total compensation software, announced they have been selected by a leading alternate investment management firm to manage compensation for their 1,500 employees globally. The Compose compensation management solution will be used to manage carried interest allocations, cash/equity bonus split, deferred vesting calculation, and proration calculations while integrating with their existing Workday HCM.
The firm was managing its complex compensation with a combination of Workday, an internally built system, and Excel. The process created multiple complexities in their process managing multiple data sources and a lack of user controls. The firm was in need of a unified solution for compensation that would allow them to manage their complex compensation scenarios while consolidating their process and controlling access to data more diligently.
“With Compose, we were able to offer this firm the best, consolidated solution to administer their entire compensation program, while eliminating their dependence on disparate systems,” said Bob Laurenzo, CEO of DecuSoft. “Compose gives them the opportunity to keep their specific, complex calculations while streamlining and consolidating the elements that they weren’t able to administer directly through their HCM solution.”
Headquartered in the US, with offices in North America, Europe, and Asia, the investment firm has been in business for over 25 years. Their asset business is distributed over credit, private equity, and real estate.