When it comes time to file income taxes, it also signals the beginning of the elusive hunt for Schedules K-1 and quarterly reports for private equity investors and their accountants and lawyers. While it can usually take extensive time to track down past records, FIPPEX, investor communications software, is making it easy for both private equity firms and their clients to gather information.
“Many of the private equity firms that we work with voice their clients’ frustration on not having easy access to their past reports when it comes time to file taxes. Now, investors can have access to all of their reports electronically, and that information can be easily fed to their accountants and lawyers for year end accounting,” says Bill Burnett, co-founder of FIPPEX.
The hassles of K-1 reports can be enough to deter some investors from adding another fund to their portfolio. FIPPEX not only manages the reporting of private equity firms, but also goes one step further to streamline the distribution process to investors. FIPPEX securely and directly deposits dividends directly to investors eliminating the need for printing or postage, and getting investors their checks quickly and efficiently.
About Fippex:
FIPPEX is a secure web-based platform that allows firms to share information with investors with just the click of a mouse. FIPPEX streamlines capital raising and investor reporting processes, all while facilitating legal compliance. With FIPPEX, clients are able to simplify life so the focus can be placed on managing relationships, raising capital and creating returns. For more information or to see of a demo of how Fippex works, please visit Fippex.com.