The Golden Touch for Simplifying Alternative Investments

Prepare to witness a new era of alternative investment administration that sets the gold standard by automating alternative investments statement aggregation, extraction and reconciliation.

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Solution

Midas, powered by Ignite IPA, is an all-in-one solution that simplifies the alternative investment administration process.

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Benefits

Our platform provides you with a multitude of benefits, aiming to make your processes quicker, simpler and easier.

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Process

Midas reduces a heavily manual process to a shorter and quicker process consisting of just a few automated steps.

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Case study

A real-life example of how Midas, powered by Ignite, helped transform a large family office.

Our Solution

Midas, powered by Ignite IPA, is the pinnacle of statement collection and extraction platforms meticulously crafted for the alternative investment industry'. This all-in-one solution simplifies the administration process, from gathering statements and notices, to precise indexing, data extraction, and flawless integration with downstream systems.

The solution benefits

costReduction
COST REDUCTION

Significant reduction in operational costs

automation
AUTOMATION

Acquisition, data extraction & processing

speedAndEfficiency
SPEED & EFFICIENCY

Improvement to turnaround time by 300%

scalability
SCALABILITY

A solution that scales & grows as you grow

transparencyAndAudit
TRANSPARENCY AND AUDIT

Reporting, dashboards & audit trail

errorReduction
ERROR REDUCTION

Elimination of manual input & interpretation errors

The process

The management of numerous investments, such as private equity, hedge funds, and real estate, often involves labor-intensive processes that demand considerable human effort. These tasks encompass the manual collection of statements and notifications, the interpretation and extraction of data, as well as manual data entry into accounting systems. These processes are time-consuming and necessitate meticulous oversight, which, unfortunately, can lead to avoidable errors. Moreover, the irregular surges in workload during month-end and quarter-end periods pose a challenge when it comes to staffing appropriately for these investment categories, often resulting in excess capacity for most of the month.

collection
collection

Investor statements are retrieved either monthly or quarterly based on the investment type, typically via email or industry portals using automated processes.

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aggregation
AGGREGATION

Statements are gathered, organized, and indexed for seamless integration into client document repositories or shared drives, simplifying subsequent data extraction processes.

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extraction
EXTRACTION

Utilizing AI, data is extracted from diverse statement formats encompassing opening and closing balances, contributions, distributions, transfers, income, realized gains/losses, as well as beginning and ending shares, among others.

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reconciliation
reconciliation

Extracted data from statements is automatically cross-referenced with previously processed accounting platform data to pinpoint variances, triggering further investigation or processing as necessary.

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processing
processing

Missing transactions and ending market values/prices are directly integrated into the accounting platform to eradicate manual processing errors, ensuring accuracy.