Manual processing for alternative investments falls short in accuracy, security, and speed. However, emerging technology solutions can pave the way for an improved alternative investment experience that benefits financial professionals, investment sponsors, their investors, and even third party participants such as transfer agents, fund administrators, and custodians.
Despite being used for decades, paper-based subscriptions are rife with security issues, result in high error rates on documents, take a long time to move through the process, and generally create an unsatisfying user experience.
Straight through processing enables financial professionals to collect investor information, verify their identity, deliver signature-ready subscription documents, and transfer funds, all through a secure digital platform.
Sponsors and investment firms are able to reduce cycle-time for their investments, spend less money on processing, and increase satisfaction of their investors through the use of straight through processing technology.