New Partnership Integrates Alkymi Automation into Ledgex Platform to Raise Family Office Efficiency and Performance

Alkymi and Ledgex have announced a new partnership aimed at helping family offices increase operational efficiency and data management capabilities in order to take advantage of a rapidly growing market. By integrating Alkymi’s data workflow automation into the Ledgex Pro multi-asset class portfolio management and accounting solution, Ledgex customers can automate data collection and management processes, streamline workflows, lower costs and drive investing performance and analytics using artificial intelligence (AI) and machine learning (ML).

When it comes to alternative investments, family offices often receive statements and notices in unstructured document formats, making data management tedious and time consuming. By tightly integrating the two platforms, Ledgex users can leverage Alkymi’s ML and AI-powered data extraction capabilities. Alkymi’s capabilities, delivered through its Data Inbox, Patterns and Patterns Studio products, automatically identify, capture and structure vital data from capital and financial statements, notice and confirms, K-1s, partnership agreements and more, making mission-critical data ready for immediate use in Ledgex Pro.

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Once in Ledgex Pro, data is easily accessible to portfolio managers for advanced modeling, performance and analytics, including transactions and market values, exposure data, fee and liquidity terms. Additionally, the solution provides workflow automation in areas from inbox integration to source data acquisition. Family offices can also onboard clients faster, while enhancing experiences for those preferring digital services and communications.

“Working with Ledgex to automate data workflows for family offices will be a transformative efficiency win for our mutual customers,” said Harald Collet, CEO and co-founder of Alkymi. “By integrating Alkymi’s advanced AI/ML solutions, Ledgex customers can refocus employees on more strategic work such as deeper investment analysis leading to better returns.”

“The needs of family offices are unique and specific technology is required to scale and seize opportunity in this developing market,” said Nicole Eberhardt, CEO of Ledgex. “By integrating best-of-breed data workflow technology into our purpose-built portfolio management and accounting solution, family offices are empowered to do more with less, which also can overcome issues such as talent shortages.”

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Ledgex Pro is the most comprehensive offering for family offices to manage diverse portfolios from front to back. The platform brings accounting and investment books of records together (ABOR and IBOR), greatly streamlining workflows as teams only need to capture and reconcile data once to unearth new insights. Not only does Ledgex Pro manage data across multiple views, a Confidence Index with advanced algorithms assesses a level of confidence to underlying data. This presents portfolio details in a whole new light, while eliminating countless hours that teams spend proving data quality.

Alkymi is the leader in data workflow automation, creating a first-of-its-kind Data Action Layer that turns real-world unstructured data into actions. This makes it possible for both technical and non-technical users to automate their own data workflows cost-effectively and easily. By supercharging workflows, Alkymi enables enterprises in financial services, healthcare, technology, energy and transportation to seamlessly automate processes with no-code intelligent data processing for documents, email and file data.

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