AI/ ML TECHNOLOGY REPLACING QUARTERLY MANUAL EXTRACTION OF DATA FROM THOUSANDS OF PRIVATE INVESTMENT DOCUMENTS
LONDON, UK – JULY 16, 2020 – Today Accelex, a data acquisition, analytics and reporting solution provider for alternative investors and asset servicers, announced that they have signed an agreement with a flagship alternative investor to provide their cutting edge SaaS platform to bring digitization to the quarterly extraction of critical financial information from a wide range of private markets investment documents.
The alternative investment industry is set to continue its growth trajectory and global investment firms, already challenged with highly manual operational workflows for data extraction, are seeking greater transparency into underlying fund assets. The firm’s head of private markets operations commented. “The Accelex solution brings digitization, scale and full auditability to our quarterly fund performance data extraction workflow – historically a very manual process. Accelex will capture a wide range of data elements not only on the fund itself but also the invested assets”.
“Our latest client is a global leader in the alternative investments, and we are delighted to partner with a firm of their profile and deliver our technology solution to drive operational efficiency” remarked Franck Vialaron, CEO at Accelex. “Beyond fund performance reporting, our next generation solution is able to dynamically adjust to a wide range of investment documents giving us the ability to support them across a number of key operational workflows”.
Accelex provides data acquisition, analytics and reporting solutions for investors and asset servicers enabling firms to access the full potential of critical investment performance and transaction data. Powered by proprietary artificial intelligence and machine learning techniques, Accelex solutions automate processes for the extraction, analysis and sharing of difficult-to-access unstructured data. Founded by senior alternative investment executives, former BCG partners and successful FinTech entrepreneurs, Accelex is headquartered in London with offices in Paris, New York and Toronto.