{"id":7971,"date":"2020-10-14T04:00:49","date_gmt":"2020-10-14T04:00:49","guid":{"rendered":"http:\/\/www-staging.carta.com\/sg\/?p=7971"},"modified":"2021-03-05T06:54:28","modified_gmt":"2021-03-05T06:54:28","slug":"blog-q3-2020-investors-products-update","status":"publish","type":"post","link":"https:\/\/www-staging.carta.com\/sg\/blog\/q3-2020-investor-products-update\/","title":{"rendered":"Q3 investors product update"},"content":{"rendered":"<p><span style=\"font-weight: 400\">At Carta, we\u2019re always searching for ways to improve our products and services. We work hard to ensure our customers have an excellent experience by combining our best-in-class technology with superior service.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In Q3, our team of product managers, engineers, and designers focused on building the Carta general ledger, SPV formations, improving the LP experience, and making capital call lines of credit even better.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Automating accounting, reporting, and other repetitive tasks allows your fund admin team to spend more time helping you reach your fund\u2019s strategic goals.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Carta general ledger<\/span><\/h2>\n<p><span style=\"font-weight: 400\">The Carta general ledger uses event-based accounting to give your fund administration team more time to focus on providing you with the best service.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The general ledger (GL) eliminates dual entry and repetitive tasks for your fund administration team.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Before building our proprietary GL, Carta relied on third party software to help track fund transactions. This strategy helped get our fund administration business off the ground, and we are excited to execute and improve on this further.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The general ledger integrates with current Carta tools without any manual intervention from your fund administrator. All journal entries are automatically created when your fund calls or distributes capital, which reduces dual entry.\u00a0<\/span><span style=\"font-weight: 400\">With the introduction of the general ledger, all your accounting data on Carta is more automated and interconnected on the backend, making it even easier for your fund administrators to create routine documents and reporting quickly and accurately.\u00a0<\/span><\/p>\n<p>Here&#8217;s an overview on how we think about event-based accounting:<\/p>\n<div class=\"ast-oembed-container\"><iframe loading=\"lazy\" title=\"03_Event-based-accounting- intro Video\" src=\"https:\/\/fast.wistia.net\/embed\/iframe\/1u2y7i0ed3?dnt=1\" allow=\"autoplay; fullscreen\" allowtransparency=\"true\" frameborder=\"0\" scrolling=\"no\" class=\"wistia_embed\" name=\"wistia_embed\" allowfullscreen msallowfullscreen width=\"500\" height=\"281\"><\/iframe><script src=\"https:\/\/fast.wistia.net\/assets\/external\/E-v1.js\" async><\/script><\/div>\n<p>&nbsp;<\/p>\n<p>Learn how event-based accounting works on Carta:<\/p>\n<div class=\"ast-oembed-container\"><iframe loading=\"lazy\" title=\"05a_Alex_Event-based-accounting Video\" src=\"https:\/\/fast.wistia.net\/embed\/iframe\/vffw9vi14o?dnt=1\" allow=\"autoplay; fullscreen\" allowtransparency=\"true\" frameborder=\"0\" scrolling=\"no\" class=\"wistia_embed\" name=\"wistia_embed\" allowfullscreen msallowfullscreen width=\"500\" height=\"281\"><\/iframe><script src=\"https:\/\/fast.wistia.net\/assets\/external\/E-v1.js\" async><\/script><\/div>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400\">With the Carta general ledger, creating financial reports is easy. With all your financial data automatically uploaded on the general ledger, it just takes a few steps to generate a financial report for any time period. Check it out here:\u00a0<\/span><\/p>\n<div class=\"ast-oembed-container\"><iframe loading=\"lazy\" title=\"05c_Reporting Video\" src=\"https:\/\/fast.wistia.net\/embed\/iframe\/51124oji40?dnt=1\" allow=\"autoplay; fullscreen\" allowtransparency=\"true\" frameborder=\"0\" scrolling=\"no\" class=\"wistia_embed\" name=\"wistia_embed\" allowfullscreen msallowfullscreen width=\"500\" height=\"281\"><\/iframe><script src=\"https:\/\/fast.wistia.net\/assets\/external\/E-v1.js\" async><\/script><\/div>\n<h2><\/h2>\n<h2><span style=\"font-weight: 400\">SPVs<\/span><\/h2>\n<p><img loading=\"lazy\" class=\"alignnone size-full wp-image-2405\" src=\"https:\/\/www-staging.carta.com\/sg\/wp-content\/uploads\/sites\/9\/2019\/12\/spv2.png\" alt=\"\" width=\"1200\" height=\"600\" srcset=\"https:\/\/www-staging.carta.com\/sg\/wp-content\/uploads\/sites\/9\/2019\/12\/spv2.png 1200w, https:\/\/www-staging.carta.com\/sg\/wp-content\/uploads\/sites\/9\/2019\/12\/spv2-768x384.png 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" title=\"\"><\/p>\n<p><b>Streamlined formation and closing<\/b><\/p>\n<p><span style=\"font-weight: 400\">Forming a SPV is a breeze when you create it with Carta. We help you customize your legal docs, form an entity, find a registered agent, and open a bank account for you. When it\u2019s time to wrap your SPV up, we\u2019ll take care of all the distributions and communications to your investors.\u00a0<\/span><\/p>\n<p><b>Easy taxes\u00a0<\/b><\/p>\n<p><span style=\"font-weight: 400\">Our SPV product includes tax services. We\u2019ve partnered with SPV tax professionals to handle your K-1s so your taxes happen in-app.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">LP experience<\/span><\/h2>\n<p><img loading=\"lazy\" class=\"alignnone size-full wp-image-7995\" src=\"https:\/\/www-staging.carta.com\/sg\/wp-content\/uploads\/sites\/9\/2020\/10\/LP-experience.png\" alt=\"\" width=\"3082\" height=\"1718\" srcset=\"https:\/\/www-staging.carta.com\/sg\/wp-content\/uploads\/sites\/9\/2020\/10\/LP-experience.png 3082w, https:\/\/www-staging.carta.com\/sg\/wp-content\/uploads\/sites\/9\/2020\/10\/LP-experience-1024x571.png 1024w\" sizes=\"(max-width: 3082px) 100vw, 3082px\" title=\"\"><\/p>\n<p><b>New LP onboarding<\/b><\/p>\n<p><span style=\"font-weight: 400\">Now, when your LPs onboard, they\u2019ll have fewer steps to get started. They won\u2019t have to worry about accepting their fund commitment in order to get their account on Carta. When they sign up, they\u2019ll directly be taken to their portfolio where they can see all their investments. Less steps to onboard your LPs ensures a better experience for them. <\/span><\/p>\n<p><b>In-app wire instructions<\/b><\/p>\n<p><span style=\"font-weight: 400\">LPs can now enter their own wire instructions directly in-app. Fund admins can also trigger an email to LPs reminding them to update their wire instructions, if needed. This gives LPs more flexibility and makes distributions faster.\u00a0<\/span><\/p>\n<p><b>Email customization for LPs<\/b><\/p>\n<p><span style=\"font-weight: 400\">You or your fund admin can now customize the email you send to LPs when they have a document to review. You can customize the subject line, header, body, and several dynamic fields. Plus, you can send a preview to yourself to make sure everything looks right before sending it to your LPs.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">This is how you can customize notifications to your LPs: <\/span><\/p>\n<div class=\"ast-oembed-container\"><iframe loading=\"lazy\" title=\"07_Jordan_LPComms Video\" src=\"https:\/\/fast.wistia.net\/embed\/iframe\/cr037b7sxj?dnt=1\" allow=\"autoplay; fullscreen\" allowtransparency=\"true\" frameborder=\"0\" scrolling=\"no\" class=\"wistia_embed\" name=\"wistia_embed\" allowfullscreen msallowfullscreen width=\"500\" height=\"281\"><\/iframe><script src=\"https:\/\/fast.wistia.net\/assets\/external\/E-v1.js\" async><\/script><\/div>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400\">We\u2019ve also made it easier for you and your LPs to manage your portfolios easily. You\u2019ve probably already accepted securities on Carta and have various fund investments on our platform. With our new portfolio merge feature, you and your LPs will be able to combine different investments into the same portfolio to see a full view of all your investments in the same fund.\u00a0<\/span><\/p>\n<div class=\"ast-oembed-container\"><iframe loading=\"lazy\" title=\"08_Jeff_GP-LP-Portfolio-Merge Video\" src=\"https:\/\/fast.wistia.net\/embed\/iframe\/2o1rissrjw?dnt=1\" allow=\"autoplay; fullscreen\" allowtransparency=\"true\" frameborder=\"0\" scrolling=\"no\" class=\"wistia_embed\" name=\"wistia_embed\" allowfullscreen msallowfullscreen width=\"500\" height=\"281\"><\/iframe><script src=\"https:\/\/fast.wistia.net\/assets\/external\/E-v1.js\" async><\/script><\/div>\n<h2><\/h2>\n<h2><span style=\"font-weight: 400\">GP experience<\/span><\/h2>\n<p><b>Company investments page<\/b><\/p>\n<p>The company investments page allows GPs to see all of their investments across their firm at once. This page combines data from the General Ledger and Carta&#8217;s network of companies to help GP&#8217;s answer some of their most common questions, like how much they&#8217;ve invested, what their ownership is, and how each company is performing.<\/p>\n<div class=\"ast-oembed-container\"><iframe loading=\"lazy\" title=\"06_Ashley_CompanyInvestmentsPage Video\" src=\"https:\/\/fast.wistia.net\/embed\/iframe\/bw3o4lqyzx?dnt=1\" allow=\"autoplay; fullscreen\" allowtransparency=\"true\" frameborder=\"0\" scrolling=\"no\" class=\"wistia_embed\" name=\"wistia_embed\" allowfullscreen msallowfullscreen width=\"500\" height=\"281\"><\/iframe><script src=\"https:\/\/fast.wistia.net\/assets\/external\/E-v1.js\" async><\/script><\/div>\n<h2><span style=\"font-weight: 400\">\u00a0<\/span><\/h2>\n<h2><span style=\"font-weight: 400\">Capital call lines of credit\u00a0<\/span><\/h2>\n<p><img loading=\"lazy\" class=\"alignnone size-full wp-image-7972\" src=\"https:\/\/www-staging.carta.com\/sg\/wp-content\/uploads\/sites\/9\/2020\/10\/request.png\" alt=\"\" width=\"1200\" height=\"675\" srcset=\"https:\/\/www-staging.carta.com\/sg\/wp-content\/uploads\/sites\/9\/2020\/10\/request.png 1200w, https:\/\/www-staging.carta.com\/sg\/wp-content\/uploads\/sites\/9\/2020\/10\/request-1024x576.png 1024w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" title=\"\"><\/p>\n<p><b>Automated loan statements<\/b><\/p>\n<p><span style=\"font-weight: 400\">Loan statements let you review your <a href=\"http:\/\/www-staging.carta.com\/investors\/capital-call-line\/\">capital call line of credit<\/a> transactions and fees in detail. Now, Carta directly syncs with our partner Coastal bank\u2019s system of record to automatically generate loan statements. This reduces manual data entry and helps you get your statements faster.<\/span><\/p>\n<p><b>CCL loan tracking\u00a0<\/b><\/p>\n<p><span style=\"font-weight: 400\">We\u2019ve added a backend in-app loan tracking system for your Carta team so they can manage your CCL with ease. It gives the Carta team all the information they need, like facility information, transactions, borrower details, upcoming due dates, and more. We\u2019re making sure we stay on top of your CCL so we can continue to provide best in class loan service.\u00a0<\/span><\/p>\n<p><b>Loan management system\u00a0<\/b><\/p>\n<p><span style=\"font-weight: 400\">We\u2019ve now directly integrated with the Coastal bank\u2019s loan management system to ensure data integrity and faster loan origination. Automating the origination for capital call lines of credit ensures more accuracy and speed when you\u2019re trying to open a CCL with Carta.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Streamlined capital calls<\/span><\/h2>\n<p><span style=\"font-weight: 400\">We\u2019ve also worked on making capital calls easier for you to execute. It\u2019s extremely easy to do with just a few clicks. Here\u2019s a demo on how our capital call feature works: <\/span><\/p>\n<div class=\"ast-oembed-container\"><iframe loading=\"lazy\" title=\"05b_Alex_Capital-Call Video\" src=\"https:\/\/fast.wistia.net\/embed\/iframe\/pb7lnhil9p?dnt=1\" allow=\"autoplay; fullscreen\" allowtransparency=\"true\" frameborder=\"0\" scrolling=\"no\" class=\"wistia_embed\" name=\"wistia_embed\" allowfullscreen msallowfullscreen width=\"500\" height=\"281\"><\/iframe><script src=\"https:\/\/fast.wistia.net\/assets\/external\/E-v1.js\" async><\/script><\/div>\n<p><span style=\"font-weight: 400\">We hope these new products and features make your experience on Carta even better. We\u2019d love to hear from you. If you have any questions or suggestions about our product, reach out to us.<\/span><\/p>\n<p><span style=\"font-weight: 400\">If you haven\u2019t already, check out the <a href=\"http:\/\/www-staging.carta.com\/events\/thanks\/investors-product-webinar\/\">full product webinar<\/a> to see our vision for the future of fund administration and how we\u2019re planning to fix it.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: small\">DISCLOSURE: This communication is being sent on behalf of Carta Investor Services, Inc. (\u201cCarta IS\u201d) and Carta Financial Technologies, LLC (\u201cCarta Financial\u201d), <\/span><span style=\"font-size: small\">wholly-owned subsidiaries of eShares, Inc., dba Carta, Inc.<\/span><span style=\"font-size: small\"> Certain transactional fees may apply. This communication is not to be construed as legal, financial, <\/span><span style=\"font-size: small\">accounting<\/span><span style=\"font-size: small\"> or tax advice and is for informational purposes only. This communication is not intended as a recommendation, offer or solicitation for the purchase or sale of any security. Carta, Carta IS and Carta Financial do not assume any liability for reliance on the information provided herein.\u00a0<\/span><\/p>\n<p><span style=\"font-size: small\">Carta offers capital call lines through a strategic partnership with Coastal Community Bank (\u201cCoastal\u201d),\u00a0 Member FDIC. If you are approved for a capital call line of credit, Coastal will be your lender. Coastal\u2019s obligation to provide a capital call line of credit to you will be subject to customary conditions, including but not limited to Coastal\u2019s satisfactory completion of due diligence on you, your general partner and your LPs.<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>At Carta, we\u2019re always searching for ways to improve our products and services. We work hard to ensure our customers have an excellent experience by combining our best-in-class technology with superior service. In Q3, our team of product managers, engineers, and designers focused on building the Carta general ledger, SPV formations, improving the LP experience, &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/www-staging.carta.com\/sg\/blog\/q3-2020-investor-products-update\/\"> <span class=\"screen-reader-text\">Q3 investors product update<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":92,"featured_media":7973,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"video","meta":[],"categories":[66,4],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/www-staging.carta.com\/sg\/wp-json\/wp\/v2\/posts\/7971"}],"collection":[{"href":"https:\/\/www-staging.carta.com\/sg\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www-staging.carta.com\/sg\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www-staging.carta.com\/sg\/wp-json\/wp\/v2\/users\/92"}],"replies":[{"embeddable":true,"href":"https:\/\/www-staging.carta.com\/sg\/wp-json\/wp\/v2\/comments?post=7971"}],"version-history":[{"count":0,"href":"https:\/\/www-staging.carta.com\/sg\/wp-json\/wp\/v2\/posts\/7971\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www-staging.carta.com\/sg\/wp-json\/wp\/v2\/media\/7973"}],"wp:attachment":[{"href":"https:\/\/www-staging.carta.com\/sg\/wp-json\/wp\/v2\/media?parent=7971"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www-staging.carta.com\/sg\/wp-json\/wp\/v2\/categories?post=7971"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www-staging.carta.com\/sg\/wp-json\/wp\/v2\/tags?post=7971"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}