Quick and Painless LP Communication

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Now that you’re on your way to having a complete view of your investments, how are your LPs doing? 

Can you easily communicate with them?  Do you have a quick way to view past communications with them?  Can you easily see each LP’s portfolio, their investments, contact information, and legal entities?  Are you easily distributing important fund information to your LPs?

Pain #4- LP Communications is time consuming (and therefore costly!)  and lack consistency.

LP communications; a vital part of your operations and usually a time sensitive manner.  Being able to provide information in a clear, easy to access, timely way displays the level of professionalism and consistency needed in the investment industry today. 

• I need an LP portal that is easy to use and will provide and maintain a professional image.

Wouldn’t it be great to provide a secure portal for you and your LPs to share information?  And even better, receiving automated notifications when information is available for you?  Having ease of access to information on both sides of the investment allows your firms professional image to shine through.  A portal can allow you and your LPs to view the history of the communications and the information sent between your firm and the LPs and provide a record of contact information.

• There is no way to automatically disperse K1s!  It takes up a lot of staff time.

Tax season is busy enough without worrying about getting all the proper information to your LPs.  Automation tools such as dispensing K1s frees up staff time, gives you the peace of mind that LPs not only have their information, but it is done in a timely, professional way.  This provides a tracking system of sorts as well; you know it was sent and received, but can also retrieve it again if need be.  (Or better yet- LPs can use their portal to retrieve it themselves!)

• Too much time spent on fund updates!

Sending out updates to LPs is a time consuming process, as it is usually done quarterly and it involves communicating to quite a few people.  Automating emails that are sent to all LPs when a fund update is available is a great way to gain some time.  This is another great reason to provide a portal for you LPs; it takes the responsibility of maintaining corporate records out of their hands, while making a history of updates readily available to all parties.  Assembling a detailed breakdown of the fund metrics (total called, interest, etc.) will also prove to be a time saver.  

Living in a fast-paced, information overload, world there’s no question that tools described above should be available for your LPs.  Get more information about the solution to have painless LP communications.