Waters Rankings 2026: Best accounting system provider—FundGuard
FundGuard wins best accounting system provider in the 2026 Waters Rankings for its FundGuard platform.
Overview
FundGuard provides a real-time, AI-native investment accounting platform that supports the full investment lifecycle, from middle-office investment operations through to fund accounting, trustee, depository and custody services. It addresses fragmented operating models, delayed data, and reconciliation-heavy processes, while providing a foundation for AI-enabled workflows across the investment lifecycle.
The solution
FundGuard is designed to replace siloed books, batch processing, and manual reconciliations with a unified, cloud-native accounting platform built on a single, immutable ledger. Real-time processing enables buy-side firms to maintain synchronized investment, accounting and servicing records while automating workflows and reducing operational risk.
This recognition reflects a broader shift taking place across investment management. Firms are moving away from fragmented operating models toward real-time, unified accounting foundations that support investment operations, servicing, and AI-enabled workflows. We are proud to help our clients build that future
Lior Yogev, CEO, FundGuard
Differentiators
FundGuard was built as a cloud-native and AI-powered platform from inception. Unlike legacy platforms retrofitted for modern requirements, FundGuard unifies middle-office operations, investment accounting, and servicing functions on a single, real-time system of record. Its cloud-native architecture supports multiple accounting views simultaneously while providing a trusted foundation for AI-driven workflows and decision-making.
Recent goals
Over the past 12 months, FundGuard has expanded its AI capabilities across onboarding, reconciliation, exception management, and document processing. The platform now features enhanced support for private markets and has strengthened its multi-view architecture and continued deployments with global asset managers, asset servicers, fund administrators and custodians.
Product roadmap
FundGuard will continue its development around AI-driven operations, expanding private markets capabilities and enhancing support for agentic workflows across investment operations and accounting. Future developments will further connect operational processes, accounting records and servicing functions through a unified real-time platform and open integration framework for unparalleled interoperability.
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