Built to minimize administrative work, increase lead time, while enhancing the experience for fund managers and limited parters.
Maintract provides a proven framework to enhance efficiency when raising a new fund, through streamlining data collection, verification steps and document generation.
Reduces the onboarding lead time from a week-long process to a quick and streamlined cycle. Investors benefit from smart and guided forms, eliminating the need for manual paperwork and making the completion process intuitive.
The automated process establishes a secure and structured workflow, providing a clear overview of each investor's progress, expediting the entire workflow and reducing the risk of errors.
Investors love the simplified process, contributing to the smoothest onboarding experience they've encountered in the investment industry.
Maintract is compliant with regulations in accordance with EBA-guidelines, in order to be able to provide solutions for banks and financial instututions across the EU.
Wellstreet, an early stage investment firm, saw a great improvement potential in the onboarding process when raising a new fund. The traditional method involves week-long cycles where investors receive PDFs, necessitating printing, manual completion, scanning, and sending back to Wellstreet. The subsequent review process often led to iterations, causing long lead times and inefficiencies to the process.
Maintract, a contract and document management platform, in collaboration with Wellstreet, re-invented the onboarding experience with great results. Instead of the PDF exchange, Wellstreet now simply inputs an email address for the investor. Maintract then automatically dispatches a smart, guided form to the investor, providing an intuitive and streamlined completion process. Once the investor submits the form. Any necessary clarifications are easily addressed, simplifying the entire process. Following approval, Maintract automates document generation and dispatches them for signatures.
The implementation of Maintract resulted in considerable results for Wellstreet and its investors. A lot of time is saved during both the information-providing stage and the iteration phase in relation to the documentation. The process not only became more efficient but also established a secure and structured workflow. Wellstreet can now easily track each investor's progress, ensuring a smooth and transparent experience for each party. The simplicity in the process has also garnered positive feedback from investors who attest to it being a great and very easy onboarding experience.
In summary, Maintracts collaboration with Wellstreet resulted in great efficiency and client satisfaction throughout the process, improving the onboarding process overall.
