New functionalities remove challenges from collecting K-1s, and empower data-driven financial decision-making across private markets
NEW YORK–(BUSINESS WIRE)–#AI—Arch, a digital admin platform modernizing private investment operations and investor communications, today celebrated Tax Day with the addition of several new innovative tools to its platform. Aimed at streamlining the user experience, these new functionalities will provide financial advisors, private investment firms, accountants and individual allocators with a smart workflow solution that offers unique insights into individual investments and broader portfolios. In addition to enhanced insights, these tools reduce time spent on the cumbersome administrative responsibilities typically associated with private markets investing.
As the momentum for private markets continues, the digital infrastructure needed to support this influx in volume must evolve. To meet growing demand, Arch continually gathers detailed client feedback with a focus on delivering more automation and insights across client portfolios. Today, live across all client accounts, Arch has introduced a comprehensive suite of new tools, including:
- AI Summaries: Designed for efficiency, this feature allows users to obtain abbreviated summaries of lengthy reporting documentation. Arch scans and assesses a document’s most important information, highlighting critical details in an easy-to-read bulleted format. Document summaries can be generated for quarterly reports, investor letters, personnel changes and more.
- Financial Visualization: Utilizing modern user interface, Arch clients can now view trends and historical performance for each holding with a dedicated financial chart. The data from each holding can be overlaid to understand the dynamics between total value, total contributions and total distributions, among other insights.
- K-1 EIN Tax Validation: Integral to its broader tax offering, Arch digitally verifies that investors receive the correct K-1s with each matched to the right investor by cross referencing the expected employer identification number (EIN) or social security number with the account information on file. In the event of a failed verification, documents are automatically flagged for manual review and reconciliation. Not an uncommon occurrence, this level of analysis is critical to ensure each investor’s private markets tax documentation is accurate and secure. In addition, this data check can identify any potential missing documentation from a set of investments within a particular firm.
- Enhanced Table Navigation & Search: Implementing a visual refresh, portfolio holdings now include updated table navigation allowing for customizable views and enhanced portal-wide search. Columns can easily be filtered or manipulated to deliver insightful views, like the amount of capital invested or performance across a geography, asset class, manager, or client. By enabling these multi-level granular views, clients gain a deeper understanding of underlying investments, exposures and valuations.
Additionally, Arch’s clients can expect a new look from the firm’s most heavily used resource, the Arch Digest, an email summary of all capital calls needing completion, K-1 arrivals, and all other documentation received by Arch. Delivering on its mission to empower tech-enabled private markets investing, all of these new features come after the firm’s most recent set of enhancements, including the enriched layer of data provided by Direct Company Insights and the centralized, collaborative Statement Tracker dashboard.
“The depth of support that these tools provide represents a quantum leap forward in private markets reporting and data aggregation,” said Scott Prince, co-founder of GPS Investment Partners. “Arch has helped us establish a better tax experience as we navigate the extended tax season from January to October. Since we’ve been using Arch, we’ve experienced substantial efficiency gains in how our team manages the collection of K-1s and other tax documents.”
One of the largest hurdles private investors face when investing in private markets is taxes. Compiling the various documents from numerous entities takes a substantial amount of effort and time. To eliminate this burden, Arch has bolstered its tax features. In addition to collecting and aggregating tax documents (such as K-1s), Arch proactively conducts multiple rounds of outreach to firms that have not yet submitted their anticipated tax documents. This value-add service also validates documentation and identifies missing records. Further, Arch enables advisors and investors to invite their accountants to directly receive tax documents and monitor the process, removing investors and advisors as intermediaries.
“At our core, we are committed to developing the technology required to support the access and expansion of private markets investing,” added Ryan Eisenman, co-founder and CEO of Arch. “Taxes are just one of the many critical components to address and we couldn’t be more excited to see the power of these tools in action. We believe the combination of AI, data insights, automation, and visualization are the building blocks to what we see as the future: technology-enabled private markets investing.”
Arch’s next-generation portal currently tracks tens of thousands of positions, encompassing nearly $80 billion in investments across the universe of alternative asset classes. Currently, the firm serves more than 230 investment firms, families, and institutions, including one of the largest U.S. banks. As technology and legislation democratizes widespread access to alternative investments, Arch looks forward to doubling down on its mission to build the digital backbone for private investment management.
For more information about partnering with Arch, or to receive a demo, please email [email protected].
About Arch
Arch is a leading digital admin platform designed to modernize private investment operations and investor communications for single and multi-family offices, wealth management firms, accounting firms, banks and institutions. With Arch, investors are able to manage their investments in one place by connecting with the back office for each private investment, receiving all documents and communications in a secure, aggregated platform. Arch’s automated system collects K-1s, manages cash flows, and provides reporting-ready data. The platform collects tax documents across every investment, organizing critical information and delivering these documents automatically to accountants and tax advisors. Visit arch.co for more information. Follow Arch on Twitter (@gotk1s) and LinkedIn for more information.
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