Tuesday, July 23, 2024

ACE Alternatives and Monite Collaborate to Transform Fund Management

  • Pioneering collaboration with product release in Q2-2024 integrating Monite’s advanced account payables/receivables automation and integrated payments into ACE’s platform.
  • Fund managers will benefit from advanced data extraction capabilities applicable to any type of transaction documentation, real-time transaction processing, streamlined tracking for auditing and liquidity planning.  
  • Advanced validation and payment processes to streamline fund operations; one-click payment options for investors during lifecycle events (eg. Capital Calls), real-time settlement tracking, and more.

ACE Alternatives (“ACE”), a Berlin-based fintech and leader in tech-driven managed services, announces a strategic partnership with Monite, a trailblazing fintech platform known for its innovative automation of financial workflows for SMB platforms. This collaboration tackles critical challenges faced by fund managers, including efficient invoice and payment processes, streamlined capital call management, and enhanced liquidity forecasting. 

Matias Collan, CEO of ACE Alternatives, said: “Monite's forward-thinking API-first technology is a key enabler in our quest to enhance fund administration and the management of capital transactions.” 

The partnership, with a product release launched in Q2 2024, is designed to revolutionize fund operations. Powered by Monite's AP/AR automation, ACE is poised to offer clients real-time transaction insights, streamlined audit trails, and improved operational workflows, which will significantly enhance the management of fund lifecycle events like capital calls. 

This initiative addresses critical issues such as the excessive use of man-hours and the current lack of transparency in operations, which often lead to inefficiencies and errors in fund management. By automating these processes, the partnership aims to reduce operational bottlenecks and provide a clearer, more accountable view of fund activities.

Ivan Maryasin, CEO and founder of Monite, emphasized: "We are honored to serve as a technological backbone for such a crucial segment of ACE’s service offering, anticipating significant strides towards mutual success.”

Contact Information:
Rhea Colaso
VP of Experience - ACE Alternatives
[email protected]

Original Source: ACE Alternatives and Monite Collaborate to Transform Fund Management
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