As venture capital firms grow, they’ll encounter an increasingly dynamic array of portfolio management challenges. Most notably, managing a broad mix of investor accounts using spreadsheets and other traditional tactics will become incredibly inefficient and impractical.
Additionally, the venture capital sector is highly regulated, with entities such as the U.S. Securities and Exchange Commission (SEC) demanding transparency and compliance from V/C firms.
If your firm is encountering more complex reporting challenges on a daily basis, it’s time to look for a venture capital portfolio management tool. We recommend the best-in-class Oracle NetSuite ERP platform to simplify portfolio management.
To get the most out of NetSuite, we recommend utilizing our proprietary implementation solution, Investment Optimization for NetSuite (ION). Learn more about our solution to illuminate portfolio performance and simplify portfolio management.
Why Utilize NetSuite + ION for V/C Portfolio Management?
NetSuite helps venture capital firms manage and account for every investment in one location. No more multiple spreadsheets or pieces of software. Then, using our ION solution, your firm will know what’s happening at any point with your investments – from initial sourcing to liquidation – all while maintaining a clear view of profitability.
At its core, NetSuite is a natural solution to solve venture capital portfolio management. But, we recognize that deploying an ERP solution and configuring the system to meet your firm’s needs can be laborious and time-consuming.
Fortunately, you can expedite this process while embracing the full capabilities of NetSuite by utilizing our ION solution. Consider the following benefits of our support.
1. Improved Visibility
NetSuite backed by ION yields unparalleled visibility. NetSuite provides a single source of truth through which you can closely monitor the performance of your entire portfolio, allowing you to deliver value to your investors more effectively.
The visibility provided by NetSuite also lends itself to better compliance and audit readiness, both of which are a must in the current financial climate.
ION serves as the catalyst to achieve the results you are looking for by enabling easy data-sharing with analysts and other data professionals. Individuals can then leverage shared data to derive fair values for portfolios and facilitate auditable reporting and greater transparency between the firm and limited partners.
2. Optimized Productivity
Outdated approaches to portfolio management, like spreadsheets or basic accounting software, undermine your firm’s productivity.
Every time your back-office team members switch their attention to another portfolio, they have to locate a different spreadsheet and waste valuable time searching for information across a disparate database. If they cannot find the necessary documents, productivity grinds to a screeching halt.
NetSuite backed by ION allows your team to manage everything in a centralized platform. They can effortlessly create entries or transactions for each fund without having to pause and track down a spreadsheet.
Moreover, we empower your back office to automate traditionally redundant workflows, meaning they can get more done, decrease their workload, and consistently contribute to your firm’s growth.
3. Faster Time to Value
There’s no question that Oracle NetSuite is a powerhouse solution that can transform how you manage portfolios. However, you may be concerned about the potential for long deployment times. We understand that you don’t want anything to interfere with your current portfolio management process that could negatively impact investor management.
With our team, you don’t have to be concerned about disruptions. Thanks to our proven implementation process, you can embrace NetSuite ERP and circumvent excessive deployment times.
At Finlyte, we specialize in configuring and implementing NetSuite for V/C firms like yours. ION further accelerates this process, enabling us to complete many implementations in as little as 90 days. This expedited delivery time condenses your time to value and maximizes your ROI.
Your Search is Over for a Venture Capital Portfolio Management Tool
You can end your hunt for a venture capital portfolio management tool to help grow your firm. Work with our team to streamline the NetSuite implementation process and use our ION solution to modernize portfolio management for your firm.
In addition to delivering value through ION, we also offer comprehensive consulting and implementation support to ensure that you can tap into the full potential of NetSuite for your firm.
To learn more about this exciting opportunity to take your V/C firm to the next level, schedule a free consultation with Finlyte today. We are ready to support the specific needs of your firm.
