06/17/08IOCapture Prototype in Early Testing
IOCapture will change the way PE firms perform their business
Challenges prevalent in managing illiquid assets revolve around the timeliness and the accuracy of asset snapshot information. Because information regarding private investments is not publically available, the capture and verification of up-to-date information about underlying assets is a material challenge. A proper solution must utilize the WWW to acquire asset snapshot information at the source combined with a robust approach to authenticate uploaded data before making it a part of the permanent record.
Fundamentally, IOCapture will change the way PE firms perform their business by dominating two aspects of private equity operations: (1) Deal Origination on the web using info forms, and (2) Asset monitoring updates from portfolio companies or investment managers. For the prior, IOCapture makes it possible for a prospective company to log in a request for review of a business plan. For portfolio companies, functions such as contact info, correspondence roles, financial statements, KPI template request, and general document submittal are fully automated. This not only provides more timely and accurate data originating from assets such as portfolio companies, but also creates a clean authorization audit trail by the fund manager, accepting or rejecting submitted data.
