Why fund controllers choose Ceviche over HUB by OSTTRA
Ceviche splits every expense line under your LPA terms and posts the entries to your GL.
It reads invoices and card spend from Ramp, Bill.com, Brex, Expensify, and SAP Concur, where your team handles them today. HUB captures invoices, card transactions, and reimbursements into its own queue.
SOC 2 Type 2 compliantTop 3 reasons to pick Ceviche over HUB by OSTTRA
Legal invoices split line by line
Each line of a 25-line legal invoice can follow its own methodology, and LEDES files come in directly. The invoice lines and the split sit side by side while your team reviews them.
LPA terms checked at allocation time
Caps, exclusions, and entity eligibility come from your LPA terms, and Ceviche checks them as each cost allocates. Ceviche flags a charge that is outside those terms before its entry posts, while your controller can still change it.
Rules your accounting team can edit
We set up your current methodologies during onboarding, and your accounting team edits them in the app from then on. Your team makes simple rule changes itself, and complex ones come back from our team within 48 hours. Core go-live takes 2 to 4 weeks. We scope new GL connections and historical data separately.
Compare Ceviche vs HUB by OSTTRA
Competitor columns summarize each vendor's public materials and what we hear from teams we speak with, as of September 2026.
 Ceviche | HUB | |
|---|---|---|
| Built for | Management company finance teams at PE, VC, private credit, and real estate firms | Investment operations, alongside NAV oversight and desk economics products |
| Unit of allocation | Each invoice line, under its own methodology | Each expense, by fixed percentages, a pro rata basis such as NAV, or expense type |
| Your expense tools | Stay where your team files expenses now | Invoices, card transactions, and reimbursements are captured in HUB |
| Accounting output | Journal entries posted to QuickBooks Online, NetSuite, or Sage Intacct | Outputs prepared in a format agreed during implementation |
| Implementation period | 2 to 4 weeks to core go-live | Plan agreed per scope; its published customer story cites 45 days |
Compare using AIOpens ChatGPT in a new tab.Your expense tools stay
Your team pays bills and files card spend in Ramp, Bill.com, Brex, Expensify, or SAP Concur, as it does today. Ceviche reads each line from those tools.
For example, a law firm invoice arrives in Bill.com and a partner's travel lands on a Ramp card in the same week. Ceviche reads both, splits each line across the right funds under your LPA terms, and posts the entries to your GL. Your payment process stays the same.
Ramp
Bill.com
Brex
Expensify
SAP Concur
How Flybridge moved quarterly allocations out of Excel across 18+ fund entities
“Ceviche streamlines our close process, organizes our data for audits, and drafts entries for our fund admin, all in a single workflow.”
Quarterly allocations ran in spreadsheets on top of QuickBooks Online and Bill.com. They now run through Ceviche and post to QuickBooks Online. Every allocation traces back to its source documents, with a full audit trail.
Why Ceviche stands out
Ceviche posts to QuickBooks Online, NetSuite, and Sage Intacct. Each entry links back to its source line and to the methodology snapshot from allocation time. Your team can answer an auditor's question about any entry with the line and the rule behind it.
HUB covers more of the expense lifecycle than Ceviche does. Vendor contracts, renewal dates, accruals, and budgets sit in the same platform as its NAV oversight and investor reporting products. Ceviche has a narrower scope, because payments and card spend stay in the tools your team uses today.
Frequently asked questions
No. Ceviche connects to Ramp, Bill.com, Brex, Expensify, and SAP Concur and reads expenses from them.
Yes. After an NDA, send your allocation spreadsheet and your entity list. We build a 2-week sandbox on them with your current methodologies, at no charge. The sandbox ends with a review call. You can compare its splits against your spreadsheet before you change anything.
Yes. Ceviche posts journal entries to QuickBooks Online, NetSuite, and Sage Intacct. It also prepares fund invoices with backup for your fund admin.
By its website, HUB is investment operations software with four products: Expense Management, NAV and Fund Oversight, Performance and Investor Reporting, and Desk Economics. Its expense product covers vendor contracts, invoice and card capture, AI-assisted extraction with review, allocation by fixed percentages, a pro rata basis such as NAV, or expense type, approval routing, and accruals. Approved expenses go to an accounting system or fund administrator in a format agreed during implementation. Its published customer story is a $4bn New York hedge fund platform.
Reimburse your manco monthly.
In 30 minutes, we will review your expense allocation process and show you how Ceviche can get your manco reimbursed faster.