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Hatcher+ Announces FAAST™, the World’s First AI-Based End-to-End Fund Administration Technology Platform for Private Equity and Venture Capital Funds
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Singapore’s award-winning VentureTech developer, Hatcher+, has announced the launch of the world’s first artificial intelligence (AI)-powered, end-to-end, deal management and fund administration technology platform that streamlines the process of fund creation, deal-flow analysis, portfolio management and accounting and real-time stakeholder reporting for venture capital and private equity.

The FAAST™ (Funds-As-A-Service Technology) platform incorporates ground-breaking AI-based deal assessment and management technologies to optimise deal analysis and management. Supported by sophisticated stakeholder reporting and end-to-end “single source of truth” data management framework, the platform also offers fund administrators the option of adding comprehensive, multi-asset class fund accounting and administration capabilities.

Revolutionising the Fund Administration Landscape

Its creators, Hatcher+, believes FAAST™ has what it takes to revolutionise the fund administration landscape for private equity and venture capital fund administrators and family offices—a multi-trillion-dollar AUA (Assets Under Administration) industry.

“Fund administration is an industry that has suffered for decades from delays, errors, omissions, and a lack of transparency due to a lack of innovation and investment in new technologies such as blockchain and AI,” said John Sharp, Managing Partner at Hatcher+.

“Our FAAST™ platform enables fund administrators to offer a significantly higher level of service to their customers, including AI-powered deal flow management, end-to-end data entry and retrieval and real-time stakeholder reports. It is a game changer not just for customers, but for fund administrator employees and staff as well.”

An Empowering Platform

FAAST™ is a cutting-edge software platform that empowers fund administrators by providing a comprehensive and reliable solution. It automates, streamlines, and scales data processing to optimise efficiency and minimise errors.

To further empower fund managers and administrators, the FAAST™ FundBuilder module enables the creation of regulated fund structures in minutes, complete with legal documents and a choice of licenced fund managers, fund administrators, and other service providers, all based on standardised pricing.

FAAST™ also provides robust tools for constructing scalable portfolios, managing tasks and seamlessly coordinating teams. Furthermore, the FAAST™ BackOffice module presents real-time financial data through visually captivating charts and diagrams, enhancing clarity and comprehension for all stakeholders.

Seamless Investor Onboarding Process

The platform features an integrated e-KYC module that simplifies the onboarding of investors by reducing the time and effort required for compliance. Enhanced ID verification and Customer Due Diligence processes are incorporated to reduce the risk of fraud and money laundering activities, ensuring a smoother and safer onboarding of clients.

FAAST™ also delivers an all-in-one solution for partnership and portfolio accounting, automating investor accounting, reporting, and Net Asset Value (NAV) calculation. It supports various asset types, including private equity, and offers flexible reporting and performance attribution capabilities. With direct connections to custodians and market data feeds, FAAST™ streamlines data aggregation and reconciliation while meeting compliance standards, providing valuable insights and boosting efficiency.

A Reliable Hub for Investment and Investor Accounting

The platform’s real-time general ledger also offers a reliable hub for investment and investor accounting. It features a customisable chart of accounts, automated tax reporting, and streamlined accounts payable and cash management, allowing for the production of accurate, timely financial reports and easy consolidation of financials across multiple entities.

Key features of FAAST™ include:

  • Single source of truth: Automated, swift, error-free, and highly scalable end-to-end data processing that optimises efficiency and minimises the risk of discrepancies.
  • Fast fund ceation with FAAST™ FundBuilder. Create fully-compliant fund structures in minutes, rather than months, with pre-negotiated fees and leading service providers across multiple jurisdictions.
  • Seamless onboarding process. Efficient and hassle-free investor onboarding with e-KYC and Customer Due Diligence features, ensuring compliance and a streamlined experience.
  • Scalable portfolios and task management. Intuitive tools for constructing and managing portfolios, tasks, and teams, enabling smooth coordination and enhanced productivity.
  • Portfolio and partnership accounting. An all-in-one solution for investment operations, automating investor accounting, reporting, and NAV calculation while supporting various asset types.
  • General ledger. Real-time, dependable hub for investment and investor accounting, with customisable chart of accounts, automated tax reporting and streamlined accounts payable and cash management.
  • Visually captivating data presentation. Real-time financial data presented in visually appealing charts and diagrams that promote clarity and comprehension for all stakeholders.
  • On-demand consolidated reports with FAAST™ BackOffice: Real-time financial data presentation, advanced audit support, and portfolio company reporting, backed by automation and a team of fund administration and accounting specialists for increased accuracy.
  • Fund administration integration. Fully integrated with your choice of leading fund accounting and administration systems.

A Continuing Commitment

The launch of FAAST™ is a testament to Hatcher+’s continuing commitment to innovation and excellence in the investment management industry. By offering a comprehensive, user-friendly platform, they are poised to set a new standard in fund administration and investment management software solutions.

For more information on FAAST™ and its capabilities, visit faast.hatcher.com or contact Hatcher+ directly.

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