Värde Partners is a leading global alternative investment adviser. The firm has invested more than $68 billion since its founding in 1993 and employs more than 300 professionals across 13 offices worldwide. Värde currently manages over $14 billion in assets on behalf of its investors around the world.
Scope of the Project
Värde first connected with Elire in order to seek guidance after completing their initial PeopleSoft implementation with a third-party consulting firm. After working with Värde through their initial implementation struggles and solidifying our role as a Trusted Advisor, Värde looked to Elire’s Managed Services practice for further ongoing support. Elire has been managing Värde’s PeopleSoft Financials environment since 2018 and most recently, the Elire Managed Services team restructured Värde’s General Ledger (GL) by implementing a translation ledger along with many reports to support the GL change. The Elire team continues to deliver enhancements, reports, updates to their Financials interfaces, and production support lifeline.
Elire has delivered support and peace of mind. With Elire’s demonstrated expertise, the Managed Services Practice is able to offer 24/7 support to a global company with 11 offices worldwide. Värde’s workload has been significantly relieved by instituting a translation ledger for non-USD currencies, as well as automating previously manual conversions. Värde now enjoys the delivered functionality of seamless and automated translation ledgers within their PeopleSoft GL with increased efficiencies in reporting, journal entry, and data analysis. Värde has extended Elire’s Managed Services contract twice, with the relationship continuing into 2021.