Torrance automates the full fund accounting lifecycle — GL ingestion, GAAP cross-checks, exception resolution, financial statement generation, and regulatory filing — so your team acts on judgment, not production.
Every fund you add requires proportional effort. Every close cycle requires the same manual work. Every exception requires a human to diagnose from scratch. There is no leverage — until now.
Your senior accountants spend December 31st reconciling FX rates and chasing suspense accounts. Work that should never reach a human. Institutional knowledge is buried in spreadsheets, not in a system that learns.
Filings, auditor deliverables, and investor reporting converge on the same dates. One unresolved exception can block every downstream obligation. There is no buffer and no visibility until it is too late.
Every fund you add to the book requires proportional headcount. Your cost per NAV stays flat or rises. The unit economics of fund administration have been broken for thirty years. Torrance changes the equation.
Torrance manages each fund through a deterministic nine-stage close lifecycle. Nothing skips a stage. Nothing goes backwards without an audit trail.
Torrance handles the full close lifecycle across hundreds of funds simultaneously. Your team sees only what needs their decision.
SFTP, API, and manual upload. AI schema mapping learns your source systems and maps fields automatically — GL, holdings, capital activity in one pass.
70+ GAAP cross-checks run automatically across every fund. Every exception is root-cause diagnosed before it reaches a human reviewer.
AI matches exceptions to prior-period patterns and pre-fills the resolution. 60%+ clear without human action. Remaining exceptions surface with full cause chains.
Financial statements, schedules of investments, financial highlights, and AI-drafted footnotes — produced directly from validated trial balance data.
Regulatory filings tracked and submitted. Auditor portal, client portal, and SOC 1 report generated automatically from every close cycle.
A field that appears in multiple outputs has exactly one computation — in the derived.* layer. Filing and statement layers are readers, not calculators.
Never updated after write. Corrections generate a new versioned row. Full audit trail of every source value ever received.
Fund Master, Chart of Accounts, Share Class registry, Close Period Registry. The single source of truth for all lookups.
Every calculated field lives here and only here. No duplication. No divergence. Recalculation triggers propagate from this layer outward.
SOA, SOO, SCNA, CFS, Financial Highlights, FV Hierarchy. Readers only — no calculations permitted at this layer.
N-PORT, N-CEN, N-MFP, Form PF, ADV, K-1 output structures. Feed directly to Beverley for EDGAR transmission.
Every source system normalizes to one of 12 canonical feeds. AI maps new sources automatically, learns from human corrections, and never requires re-mapping the same source twice.
| Feed ID | Feed Name | Key Purpose | Filing Impact |
|---|---|---|---|
| GL-001 | General Ledger | Trial balance, all financial statements | All Statements |
| HD-001 | Holdings / Positions | SOI, FV hierarchy, N-PORT Part C | N-PORT |
| CA-001 | Capital Activity | SCNA, shareholder transactions, K-1 | K-1 · SCNA |
| PR-001 | Pricing & Fair Value | Mark-to-market, FV levels | FV Hierarchy |
| FX-001 | FX Rates | Currency translation | All FX Positions |
| DR-001 | Derivatives | Notional/FV, N-PORT risk metrics, Form PF leverage | N-PORT · PF |
| LP-001 | LP / Investor Register | Capital accounts, K-1, Form PF (PII encrypted) | Form PF · K-1 |
| TX-001 | Tax Workpapers | Book-to-tax, K-1, distributable earnings | K-1 · Tax |
| TA-001 | Transfer Agent | Share counts, NAV per share, Financial Highlights | FH · N-CEN |
| CP-001 | Counterparty / Reference | LEI codes, N-PORT counterparties | N-PORT |
| RE-001 | Real Estate Appraisals | Level 3 FV, Form PF real estate | Form PF · FV |
| OC-001 | Operating Company Financials | PE/VC consolidated, Form PF portfolio co. data | Form PF |
Resolving an exception in the exception queue automatically unblocks the corresponding regulatory filing in Beverley — no user action required between them.
Rules engine flags EXC-003: FX mismatch on EUR dividend income. EDGAR filing for this fund is automatically blocked.
97% confidence suggestion pre-filled from November close: override with Bloomberg WM/Reuters fix $108,420. Prior-period precedent cited.
Exception resolved. Downstream financials recalculated. Audit thread updated automatically.
Beverley detects the cleared exception and moves the N-PORT filing from Blocked → Ready without any user action.
Schema validation complete. One-click transmit. SEC confirmation receipt in under 4 minutes.
Not features. Structural outcomes that define how fund administration works after Torrance is deployed — and compound over time as the AI learns your workflows.
Every cross-check required by ASC 946, ASC 820, and Reg S-X runs automatically at every close. EDGAR deadlines are tracked fund by fund. Auditor packages assembled by the system, not by your team on a Sunday.
Exceptions that follow prior-period patterns resolve by AI without human action. The system learns what is routine and escalates only genuine anomalies. Close cycles shrink with every period as the model learns.
A single accountant on Torrance supports 10× more funds than the industry baseline — not by working harder, but by working on a different class of problem. Production becomes infrastructure. Judgment becomes the job.
Torrance is designed around how fund accounting teams actually work — preparers, reviewers, and executives each get a view built for their decision-making context.
Manual cross-referencing SOI against balance sheet in Excel for every fund, every close
Chasing FX variance across three custodian feeds and two Bloomberg sources
Writing resolution justifications and audit notes from scratch each period
Institutional memory locked in personal spreadsheets — lost when anyone leaves
Exception queue arrives pre-diagnosed — root cause, affected statements, and resolution pre-filled by AI
AI recognizes recurring FX patterns from prior closes and auto-resolves them at 97% confidence
Audit trail written automatically — every decision logged with timestamp, user, and AI confidence score
Resolution patterns are institutional property — retained in the system regardless of team changes
"What if every exception came pre-diagnosed with the fix pre-filled — and 6 out of 10 were already resolved before you opened the queue?"
No visibility into where each fund is in the close until it lands on the review queue
Same routine exceptions re-litigated every close with no institutional memory
Audit prep requires two additional weeks of manual documentation assembly
Cannot distinguish systemic issues across clients from isolated one-off exceptions
Real-time pipeline dashboard — every fund's stage from ingested to approved, visible instantly
Global exception clustering surfaces systemic issues across all client funds simultaneously
SOC 1 Type II report generated automatically — audit prep time drops to near zero
AI parameter tuning gives the controller direct control over what the system resolves autonomously
"What if your close dashboard showed 12 open exceptions across 14 funds — and 10 were AI-resolved, leaving you 2 genuine decisions to make?"
Every fund added to the book requires proportional headcount — cost per NAV never improves
Key-person risk: one senior accountant leaving takes years of institutional knowledge with them
Material weakness findings are a board-level event — one missed cross-check away
Filing deadlines create regulatory exposure that doesn't have to exist
FTE capacity scales non-linearly — add 40% more funds to the book without a single new hire
Resolution patterns are institutional property, not personal knowledge — team changes don't create gaps
70+ automated GAAP checks eliminate the error classes that produce audit findings
Cost per NAV declines with scale — the unit economics finally work in your direction
"What would it mean to close 40% more funds at year-end with the same team — and reduce your cost per NAV by 30% in the process?"
Torrance is architected for the close volume that breaks every other workflow. Every fund runs in parallel. Exceptions are triaged by priority across the full client book.
From EDGAR filings to auditor portal access to SOC 1 documentation, Torrance treats compliance as infrastructure — not a quarterly fire drill. Every obligation tracked, every deadline visible, every audit deliverable assembled automatically.
MFA-protected read-only access for your audit firm. Trial balance, financials, SOI, and complete exception audit trail — available on demand, not assembled on request.
Every close generates a complete internal controls report — exception counts, AI acceptance rates, override justifications, and user access logs. Zero manual assembly.
Authenticated client access to NAV summaries, fund performance, and board documents — with complete data and none of the production burden on your team.
Select a base tier. Add-on modules available for K-1 Tax, Money Markets, and Private Equity.
Up to 50 funds. Core automation.
Up to 300 funds. The Beverley Engine.
Up to 1,000 funds. Full Alt suite.
1,000+ Funds. Global infrastructure.
Add specialized modules to any tier starting at $1,400/mo.
From preparers to CFOs — the platform changes how the whole team experiences the close cycle.
"We closed 22 funds on December 31st. The team left at 6pm. That has never happened in the history of this firm. The FX exception auto-resolution alone saved us four hours."
"I now have visibility I never had before. I can see exactly where every fund is, what's blocking it, and whether it's a systemic issue across the book or a one-off. The pipeline view changed how I manage the team."
"We presented the board with a 31% reduction in cost per NAV within six months. The ROI was completely self-evident. The conversation about budget renewal lasted four minutes."
We'll walk through a complete close cycle — GL ingestion, exception triage, AI resolution, financial statement generation, and regulatory filing — using your fund type, real data patterns, and the full workflow. Thirty minutes.
Legal & Regulatory
Last updated: January 2025 · Torrance Technologies, Inc.
This website and the Torrance platform (collectively, the "Service") are fictional. The services shown here and the name of the company are not real and at this time should not be considered such. ("Torrance," "we," "us," or "our") for informational and operational purposes only. The information contained on this website, including all descriptions of product features, capabilities, performance metrics, and pricing, is subject to change without notice.
While we strive to ensure that the information presented on this website is accurate and up to date, Torrance makes no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose.
Any reliance you place on such information is therefore strictly at your own risk. In no event will Torrance be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website or the Service.
Torrance is a technology automation platform. Torrance Technologies, Inc. is not a registered investment adviser, broker-dealer, transfer agent, fund administrator, accounting firm, law firm, or any other regulated financial services entity. The Torrance platform automates workflows associated with fund accounting and regulatory reporting; it does not provide professional services of any kind.
Nothing in the Torrance platform constitutes:
Fund administrators and their clients are solely responsible for ensuring that all financial statements, regulatory filings, and related outputs generated through the Torrance platform are reviewed by qualified professionals — including certified public accountants, compliance officers, and legal counsel — before being relied upon, published, or submitted to any regulatory authority.
Regulatory requirements for investment funds are subject to change by the U.S. Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA), the Internal Revenue Service (IRS), and other applicable regulatory bodies. Torrance makes no warranty that the platform’s regulatory filing templates, cross-check rules, or GAAP statement formats will at all times conform to the most current regulatory requirements. Users are responsible for verifying compliance with all applicable laws and regulations.
The Torrance platform incorporates artificial intelligence and machine learning features, including but not limited to: AI-driven exception suggestions, AI root cause analysis, AI schema mapping, AI-drafted footnote disclosures, and automated exception resolution recommendations (collectively, "AI Features").
All AI Features are designed as decision-support tools for qualified fund accounting professionals. They are not intended to replace, and should not be treated as a substitute for, the independent professional judgment of qualified accountants, controllers, compliance officers, or other licensed professionals.
Specifically:
Torrance Technologies, Inc. shall not be liable for any errors, omissions, or inaccuracies in AI-generated suggestions, analyses, or content, or for any decisions made in reliance on such outputs.
The Torrance platform processes financial data provided by its users and their connected data sources. Torrance does not independently verify the accuracy or completeness of any input data. The quality of all outputs — including trial balances, financial statements, NAV calculations, and cross-check results — is directly dependent on the quality, completeness, and timeliness of the underlying data provided to the platform.
Users are solely responsible for:
The cross-check engine, which validates financial statement integrity using 70+ rules, is designed to identify potential errors. A passing cross-check result does not guarantee that the underlying financial data is accurate, complete, or compliant with applicable GAAP or regulatory requirements. Cross-check rules are configurable and may be overridden by users; Torrance is not responsible for the consequences of user-configured rule modifications or accepted exceptions.
The Beverley filing engine facilitates the preparation and transmission of regulatory filings to the U.S. Securities and Exchange Commission via EDGAR, including Form N-PORT, Form N-CEN, Form N-MFP, Form PF, Form ADV, and Schedule K-1 (collectively, "Regulatory Filings").
Torrance provides technology to automate the preparation and submission workflow for Regulatory Filings. Torrance does not provide regulatory compliance advice and makes no representation that any filing generated or transmitted through the platform will satisfy the filing obligations of any particular fund or registrant.
Users are solely responsible for:
The AI pre-validation feature, which scans Regulatory Filings against EDGAR schema requirements prior to transmission, is designed to identify formatting and schema errors. It does not constitute a legal review of filing contents and should not be relied upon as a substitute for compliance review by qualified counsel or compliance professionals.
Torrance Technologies, Inc. shall not be liable for any regulatory penalties, fines, or sanctions arising from late, incomplete, inaccurate, or non-compliant Regulatory Filings, regardless of whether such filings were prepared or transmitted using the Torrance platform.
The Torrance platform includes an auto-generated SOC 1 Type II report feature that compiles exception resolution logs, AI usage statistics, user access logs, and controller certifications into a structured report format.
This auto-generated report is a technology output that aggregates audit log data. It is not a SOC 1 Type II audit report as defined by the American Institute of Certified Public Accountants (AICPA) AT-C Section 320. A formal SOC 1 Type II audit report must be issued by a licensed Certified Public Accounting firm following an independent examination conducted in accordance with applicable attestation standards.
Users should not represent or rely upon the Torrance auto-generated report as a substitute for a formally issued SOC 1 Type II report. Fund administrators seeking SOC 1 Type II compliance certification must engage an independent audit firm.
Torrance implements industry-standard security practices including encryption at rest and in transit, role-based access controls, and multi-factor authentication. However, no technology platform can guarantee complete security. Users are responsible for maintaining secure access credentials and promptly reporting any suspected unauthorized access.
All pricing information presented on this website — including base tier pricing, annual billing rates, and add-on pricing — is provided for informational purposes and is subject to change without notice. Published prices do not constitute a binding offer.
Final pricing for any subscription to the Torrance platform is subject to a mutually executed written agreement between Torrance Technologies, Inc. and the customer. Pricing may vary based on specific contractual terms, volume commitments, implementation requirements, and other factors.
The following additional terms apply to pricing:
Performance metrics and statistics referenced on this website, including but not limited to: AI auto-resolution rates, EDGAR transmission times, AI mapping confidence rates, and funds-per-FTE ratios (collectively, "Performance Metrics"), are presented for illustrative purposes based on internal testing and representative customer scenarios.
Actual performance will vary based on:
Torrance does not warrant that any customer will achieve the performance metrics referenced on this website. No performance guarantee is provided unless expressly set forth in a signed written agreement.
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"Torrance," "Beverley," and associated product names, logos, and service marks are trademarks of Torrance Technologies, Inc. Unauthorized use of any Torrance trademark is strictly prohibited.
The Torrance platform, including its AI models, schema mapping algorithms, data architecture, cross-check rule sets, and filing engine logic, constitutes proprietary technology and trade secrets of Torrance Technologies, Inc. Customers are granted a limited, non-exclusive, non-transferable license to use the platform pursuant to the terms of their subscription agreement.
TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, TORRANCE TECHNOLOGIES, INC. AND ITS OFFICERS, DIRECTORS, EMPLOYEES, AGENTS, AND LICENSORS SHALL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, INCLUDING WITHOUT LIMITATION, LOSS OF PROFITS, DATA, USE, GOODWILL, OR OTHER INTANGIBLE LOSSES, RESULTING FROM:
IN NO EVENT SHALL TORRANCE’S AGGREGATE LIABILITY TO YOU FOR ALL CLAIMS ARISING OUT OF OR RELATING TO THE SERVICE EXCEED THE GREATER OF ONE HUNDRED DOLLARS ($100) OR THE AMOUNTS PAID BY YOU TO TORRANCE IN THE TWELVE (12) MONTHS PRECEDING THE CLAIM.
SOME JURISDICTIONS DO NOT ALLOW THE EXCLUSION OF CERTAIN WARRANTIES OR THE LIMITATION OR EXCLUSION OF LIABILITY FOR INCIDENTAL OR CONSEQUENTIAL DAMAGES. ACCORDINGLY, SOME OF THE ABOVE LIMITATIONS MAY NOT APPLY TO YOU. These limitations shall apply regardless of the legal theory upon which any claim is based, whether in contract, tort (including negligence), product liability, strict liability, or otherwise, and even if Torrance has been advised of the possibility of such damages.
For questions regarding this Legal Disclaimer, the Torrance platform, or any legal notices, please contact:
Torrance Technologies, Inc.
Legal Department
legal@torrance.io
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security@torrance.io
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