Building on our previous release, which introduced allocations for expenses fronted by the management company, we’ve added new capabilities to further improve your firm's financial operations.
Extract invoice details instantly, reducing data entry
The moment you upload an invoice, Optical Character Recognition (OCR) instantly extracts key operating expense data including the amount, GL codes, relevant entities, and payee details.
By matching this data against your book of payees in Accounts Payable, the system derives recipient bank accounts and wire instructions. This moves you from upload to payment submission with minimal manual data entry, tethering transactions to previously verified sources for a defensible audit trail.
Execute LPA-compliant allocations with precision
We’ve expanded our allocation capabilities for more granular control. You can now select specific pro-rata methods—such as commitment, invested capital, or number of LPs—to allocate costs across Funds, SPVs, and Feeder structures. Should your allocation require adjustment, you can reset and apply a different attribute in seconds to keep your data accurate.
Simplify multi-entity payments
We’ve introduced a new payment table that allows for multiple paying entities within a single workflow. For each entity that owes an allocated amount, you can choose to pay directly from the owing entity or on its behalf from another entity (such as a management company). The system automatically generates the necessary intercompany journal entries to ensure your books tie out.
Verify cash availability with real-time balances
Choosing a paying entity automatically prepopulates its default bank account. To ensure liquidity, the system displays real-time bank balances alongside your selection. This direct link between your ledger and bank provides immediate clarity, helping you decide whether to pay directly from the owing entity or front the cost through another entity like the management company.
