Selecting the Right Technology Partner for ‘Back-Office’ Management.

Back-office functions are necessary in today’s fast-paced alternative investment environment. Often, we encounter sponsors and managing broker dealers who 'follow the market' when it comes to selecting technology.

Digital security relies on both human and digital factors. Minimizing the number of digital tools used reduces points of security failure.

Back-office functions are necessary in today’s fast-paced alternative investment environment. Often, we encounter sponsors and managing broker dealers who 'follow the market' when it comes to selecting technology.

Even though each operates as an independent business, the sponsor may be compelled to utilize a platform or technology in use by a broker dealer or the RIA firm. Thus, the sponsor or MBD are faced with the challenge of operationalizing multiple platforms inside their own core business and potentially paying out additional layers of transaction fees.

Venture.co offers core software for a MBD or sponsor to facilitate the digital processing of alternative investments and help them scale their business. The business of the sell side, while intrinsically linked to the buy side, has its own operational needs and requirements. Each need to work together, while also serving independent purposes. A sales and operations team can be positioned to be agnostic to whatever platform the broker dealer or RIA firm is using. Regardless of what platform a BD has selected to use, sponsors will still need to address a number of details, including:

• Managing document distribution and offering due diligence

• Negotiate selling agreements

• Sell to firms not on a particular platform

• Maintain books and records, and, if regulated, 17a-4 compliant storage

• Supervise securities representatives for national accounts and wholesaling

• Review incoming subscription documents for approval or NIGO resolution

• Provide reports, tax documents, and performance information to advisors and investors

Venture.co solves each of these areas with intelligent workflows, support for multiple users and roles, and consolidated advisor/client interface for investment documents. That is accomplished via software that supports both broker dealers who conduct business on Venture.co’s platform directly, as well as those that submit business executed on other platforms.

Venture.co is a flexible link for consolidating these processes into a single system that is focused on the needs of the MBD and sponsor. The Venture.co platform is a core back-office, while other platforms may be complimentary as distribution channels.

Venture.co removes the bottlenecks found in traditional transactions and manages everything from a virtual data room (VDR), including inviting and managing broker dealers, and RIAs, setting up offerings, affirming accreditation status, securely processing subscriptions, and managing and archiving all the required documentation swiftly and securely.

Firms, especially larger ones, have needs to manage and must staff each of these areas appropriately. In today’s fast-moving securities environment, how are you managing the complexities of a MBD or sponsor back-office? The right technology partner with a digital deal room can process alternative investment subscriptions in a more efficient, secure, and compliant manner.