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A true-cloud accounting solution for Private Equity Firms and Venture Capitalists

Ideal for managing a multitude of companies / legal entities, often utilising a variety of disparate accounting systems. iplicit makes consolidation and reporting easy, enabling real-time visibility across the entire portfolio.

Accounting for growing private equity and venture capital firms can get very complicated very quickly. With investments set up as separate entities or special purpose vehicles (SPVs), you need a management accounting system that can track and report on all of them simply.

Private Equity Feature

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Private Equity Key Financial Data

Multi-entity accounting and consolidation for private equity businesses

iplicit allows private equity businesses to easily pull together and consolidate the key financial data for all their entities or SPVs.

The software’s multi-entity accounting features allow you to easily see your business’s overall financial position and then switch to a close-up view of an individual entity.

There is a single source of truth for the whole operation, with no more logging in and out to view different entities and no need to manipulate data in spreadsheets. New entities and SPVs can be set up by the user in minutes.

Intercompany transactions for private equity

iplicit's powerful consolidation features include the ability to automate intercompany transactions and reconciliations.

Costs can be automatically allocated to the correct legal entities or split between those entities, ending the need to work out intercompany eliminations and recharges manually.

By doing away with the need to rekey data and make calculations in spreadsheets, iplicit produces timesavings which can add up to days every month.

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Private Equity Intercompany Transactions
Private Equity Customisable Reporting

Customisable reporting for private equity businesses

iplicit's financial reporting is highly customisable. With its unlimited number of accounting dimensions, it allows you to slice and dice the data exactly as you want it.

You choose how you want the data tagged and filtered – and you can easily go from the big picture to the granular detail.

iplicit’s open API (application programming interface) allows it to integrate with other systems and can export live data to Excel and Power BI, so that your documents there are also updated in real time.

Foreign exchange challenges for private equity accounting

If you have SPVs that trade in other currencies, it can create another barrier to producing timely and accurate data.

With iplicit’s live foreign exchange feed your accounts are always up-to-date, accurate and reported in the currency of your choice.

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Private Equity Foreign Exchange
Private Equity Account Charts

A flexible chart of accounts

iplicit's unlimited number of accounting dimensions means it can accommodate an entirely flexible chart of accounts.

You can easily choose how you want data from all your SPVs grouped, organised and filtered at any one time.

When preparing the management accounts, iplicit allows you to easily present the information differently to meet the requirements of different audiences and stakeholders, or standards such as GAP and IFRS. You can even schedule automatic reporting, with stakeholders receiving a URL link to the reports at a regular interval of your choosing.

Workflow approvals

With highly configurable authorisations and workflow, all stakeholders can have secure, permission-based access, to the information that is relevant to them. Whether this be as a fund manager, the business itself or its accountancy practice. Dashboards / enquiries have no limit to the number of fields that can be interrogated and all attributes within the system, at any level, can be reported upon in real-time.

Accounting Workflow Software
Private Equity Workflow Approvals
Private Equity Budgeting and Forecasting

Better management information, budgeting and forecasting

iplicit can provide the business’s leadership with a dashboard of crucial financial data, correct up to the minute.

It enables better budgeting and forecasting without the need for laborious calculations to be done before the information is available. The result is that real-time data is always at hand to drive effective decision-making, putting you in full control.

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About the software

Over 40 man-years of development have been invested to ensure that iplicit venture capital accounting software is not only a state-of-the-art, cloud-based offering, but is also a solution that is overwhelmingly sympathetic to the needs of Venture Capitalists and Private Equity firms.

Suitable for organisations typically from 25 to 500 staff and as winner of the 2020 Accounting Excellence Software Awards, iplicit represents the best in SaaS, cloud-based accounting software for the small and medium-sized business.  

The original Exchequer® team spent 17 years (1988-2005) providing leading-edge accounting software to thousands of organisations.  The original founders, and key members of their core team, have come together again to join iplicit with the specific intention of appealing to organisations that are ready to take the next step and embrace the additional capabilities now afforded by cloud-based technology that just aren’t available with on-premise solutions.

Upgrading your private equity accounting software

If you are experiencing challenges with your current finance system and are looking for a venture capital accounting software solution for multiple legal entities, and much more, iplicit is certainly worthy of further consideration.

Voted the UK’s best Mid-Market and Enterprise Accounting Software

Accounting Excellence Awards 2020

[WEBINAR] Featured Image Better Management Accounting

How to solve challenges around multi-entity and multicurrency consolidation and management accounting

During this live webinar, Aboo Sooza will walk you through:

  • Multicurrency consolidation in real time
  • Intercompany transactions and eliminations
  • Multi-jurisdiction tax handling
  • Multi-dimensional reporting in real time
  • Visualise group data instantly with drill down detail

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What Our Customers Say About Our Private Equity Accounting Software

Mestag Therapeutics switch from Xero to iplicit’s award-winning cloud accounting software.

Mestag Therapeutics

Eilidh Goodwin, Director of Finance

“The team has not only increased efficiency and saved hours in the working week, but there’s also no longer a need for additional, expensive in-house support or external consultancy costs. We’re delighted we made the switch to iplicit.”

“iplicit’s real-time reporting enables the organisation to get management information presented exactly as it requires, at the touch of a button.”

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EPM-Bus-Solutions-case-study-header-DARK

EPM

Jon Anton, Consulting Director
"The final two contenders were Netsuite and iplicit and, from a functionality perspective, I don’t think there was much in it – both systems are very capable.”
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A-One-Insurance-Group-case-study-header-DARK

A-One Insurance Group

Sarah Smith, Group Operations Director
"The real-time reporting has been business changing. We've been able to consolidate all the businesses at once so we can grab very realistic and up-to-date snapshots at a moment's notice."
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Want to know more?

If you are in a hurry, take a look at the software videos on this site; various elements of functionality have been broken down into short clips to enable you to see how our private equity accounting software works. If you have a little more time, join one of our in-depth weekly webinars.

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