Waterfall as a Service (WaaS)
WaaS & Investor Calculation Certification
Customized to asset owners’ needs, the invenim.io platform 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.
Waterfall-as-a-Service (WaaS): A Proof of Process
Credential governing documents
– Offering memorandum
– Partnership agreement
– Amendments
– Service agreements
– Regulatory, taxes and other fees
Creating workflows unique to particular fund
Detail and automate actions for fund operations
Develop cash flow model
Profile investor to calculate management and incentive fees, and expense allocations
Process capital events and expenses
– 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 all investments in portfolio
Difficult to trace how transactions led to distributions
Human errors in the fund administration process that are note easily reconcilable
Improves fund administration process for administrators, and GPs/LPs by using smart contracts via blockchain to reduce time spent processing and lower costs.
Improvements
GPs/LPs receive a model of transactions showing distribution flows
Detailed audit trail from every distribution notice to investors
All investor notices tied to LPAs and side letters
Results
Automation lowers costs by reducing hours spent processing documents by 60%
Greater transparency forGPs, LPs and auditors
Reduction in risk with fewer errors and audit trail
