Waterfall as a Service (WaaS)

WaaS & Investor Calculation Certification

Customized to asset owners’ needs, Inveniam.io delivers complete transparency around investor calculations. Inveniam’s automated workflow engine uploads, extracts, calculates reports (and statements) and then links them back to the source documents.

Throughout the process, Inveniam.io credentials and verifies all data waterfall calculations to create completely transparent and more efficient workflows.

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Waterfall Transparency

Upload LPAs through automated workflow engine

Data linked to original source document location

Data inputted into calculation engine

Waterfall-as-a-Service (WaaS): A Proof of Process

Credential governing documents

– Offering memorandum

– Partnership agreement

– Amendments

– Side letters

– Service agreements

– Regulatory, taxes and other fees

Create Fund Workflows

Detail and automate fund operations actions

Develop cash flow model

Calculate management and incentive fees, and expense allocations

Process capital events and notices

Collect capital contributions

Calculate and pay:
– Pay management fees
– Pay incentive fees
– Expense disbursements
– Capital distributions

Provide clarity and transparency around fund operations

Quickly confirm data elements extracted from capital notices and other documents are accurate
Complete flow of funds’ audit trail to managers and investors

Provide a basis for reconciling fund performance

Substantiate performance results

Case Study

Large General Partner with billion dollar investment portfolio onboards Waterfall as a Service

Client Challenges

Difficult to track capital calls, distributions, and cap tables of portfolio investments
Difficult to trace distributions to transactions
Human errors in fund administration process easy to reconcile

Improves fund administration process for Administrators, GPs, and LPs by using smart contracts via blockchain to reduce time spent processing and lower costs.

Improvements

GPs and LPs receive a report of transactions showing compliance with fund structure documents like LPAs
Detailed audit trail from distributions to LPAs, to calculation formulas abstract into calculation engines
Investor notices tied to LPAs subscription agreements, and side letters

Results

Automation lowers costs by reducing hours spent processing documents by 60%

Greater transparency for GPs, LPs, and auditors

Reduction in risk with fewer errors and audit trail