Now generate loan amortization schedules and track your cash flows at a tap of a
button.
Select from multiple loan types – EMI, Fixed Principal Repayments and Bullet Repayments.
Fundwave has just become snappier. In the latest update, we’ve simplified allocations
between investors such that they happen almost instantly, even for a large number of investors.
We achieve this by skipping many scenarios that don’t apply to your fund.
March 2018
Loans
Now automatically calculate interest on a loan or a convertible note to your portfolio
companies at a tap of a button. As usual, you can select from multiple financial calendars and
there
is an option to accrue interest if you prefer.
Forecast Investment IRRs
In addition to scenarios for investor transactions to forecast carried interest, you
can
now create scenarios with investment cashflows to forecast Investment IRR’s.
August 2017
Exit Waterfall
Enter an exit valuation and find out which class of shares receives how much value
after
considering liquidation preferences, participation & caps.
Accountants rejoice! We’ve added a new intuitive user interface to interact with your
trial balance, and drill down to see the associated journals of the selected account codes.
April 2016
Reporting Framework Variables
More power to our flexible reporting framework with new pre-defined variables such as
IRR.
March 2016
EVCA Reporting Standard
We’ve stitched together all the reports suggested in the European Venture Capital
Association guidelines in a single
quarterly package you can send to your investors.
Ask for a sample from our Contact Us page.
Help your portfolio companies report smarter with our Portfolio Management Software.
Instead of manually entering portfolio metrics on a web browser, your portfolio companies can
directly submit their metrics from their spreadsheets using our Portfolio Metrics Add-in for Excel.
Finally, you can spend less time collecting data and give more time to analysis of your data.
Combine your actual and forecasted data to predict your carry at a tap. You can create any
number of scenarios to model different situations no matter how complicated your waterfall model.
You can add or remove expected cashflows for the fund. Fundwave will instantly allocate
the cashflows to calculate the individual carry chargeable for your LP’s automatically.
November 2015
Foreign Exchange Gain
With the update this month, you can automatically allocate your unrealized gain between
F/X gain and Non F/X gain when doing valuations for your assets.
Rates & Exchange Rates
You can now track rates mentioned in your LPA such as Prime Rate, LIBOR or simply currency
exchange rates making it a breeze to perform subsequent investor closes and periodic valuations.
October 2015
Layered Waterfall
When working with top performing fund managers, crossing the next hurdle is just a matter
of time. The new layered hurdles on Fundwave will allow you to vary your carried interest and GP
catch-up for each hurdle in your waterfall model, so you can easily calculate your carried interest
whether you follow a fund as a whole or a deal by deal waterfall. Over to you, fund managers, to
reach the next hurdle faster!
September 2015
Portfolio Management
Fundwave’s new portfolio management tool is out for early feedback. From portfolio
monitoring to variance analysis on returns, get an early view of the features that you need. See
the deck below, or ask for a demo!
New ILPA & AVCAL Reports
We’ve added a couple of new default reports based on the formats designed by the
Institutional Limited Partners Association & the Australian Private Equity and Venture Capital
Association respectively.
August 2015
Activity Feed and Audit Trial
Stay updated of what’s happening in your fund using the new user activity feed on your
Fundwave dashboard.
Keep complete track of who created, and emailed a notice or a report. Awe your auditors with the
ability to trace a journal entry to the user who prepared it.
Export to Excel
Now almost any data on your Fundwave app can be exported to Excel, by a simple tap of a button.
July 2015
Custom Allocation Variables
With Fundwave’s DIY reporting framework out in April, you could already define your
own variables based on accounting heads, or as a combination of other variables. Now, you can even
use your custom defined variables as an allocation basis. So whether you want to allocate on
commitment, undrawn commitment or any other variable, consider it done.
June 2015
MS-Excel Report Builder
Presenting our new report building add-on that allows you to add your self defined
variables to create custom templates based on MS-Excel. Get it from the Microsoft office store.
May 2015
DIY Reporting framework
With Fundwave’s new reporting framework, say goodbye to mail merge, crystal reports and
those endless conference calls to request customizations. You now have the ability to define your
own variables and reporting formats using your favorite MS Office tools.
What’s more, your variables can be linked to your chart of accounts, offering a seamless integration
between your accounting and LP reporting.
April 2015
Data Filters and Drill Downs
With Fundwave’s new reporting framework, say goodbye to mail merge, crystal reports and
those endless conference calls to request customizations. You now have the ability to define your
own variables and reporting formats using your favorite MS Office tools.
What’s more, your variables can be linked to your chart of accounts, offering a seamless integration
between your accounting and LP reporting.
March 2015
Reports across funds
Do you have common investors across your funds? Now choose to send a consolidated overview
of your investors’ data in a single report.
Template & Allocation Key Previews
Now toggle select available reporting templates on the go or upload your own DIY report template.
Also, allocations keys can now be previewed and edited in a more intuitive interface, offering
greater
transparency and ease of use.
February 2015
Multiple Chart of Accounts
Are you adminstering more than one fund with Fundwave? Life has just been made easy on
Fundwave with multiple chart of accounts. Now you can create a chart of accounts for each fund, or
continue using a single chart of accounts across funds.
Syndicate Carry
Crowdfunds rejoice. No longer will you have to resort to your spreadsheets to calculate carry
chargeable to your investors. Fundwave can now define carry by recipient type, so you can, for
instance, pay a 5% carry to the GP’s and a 20% carry to the Syndicate Lead.
January 2015
Holiday Goodies
This holiday, we have made life even simpler for Fundwave users by tweaking the user
interface to make things even simpler:
Open your Fundwave instance to discover a new ‘Create’ panel that pops up on your command.
Dropdown the transaction heads, analysis codes or account codes menu to find a new option to
add a new record.
Partial Settlement of Journals
In yet another feature upgrade to our accounting module, we have added the ability to settle
accounts partially at a tap of a button. All related journals continue to be linked together so that
your accounts are always at a tap of your fingers.
Drill-down Financial Statements
Drill down into your balance sheet, profit & loss and trial balance with an option to break up
numbers by each asset account or analysis code.
December 2014
Analysis Codes
Our accounting module just got a shot in the arm with a bunch of new features and reports.
We’ve introduced analysis codes that help you extract deeper analytics from your accounting entries,
such as vendor specific balances.
In addition, this month we have added the functionality to generate your Balance Sheet and Profit &
Loss statement right from Fundwave!
November 2014
Automated Journal Settlement
Your General Ledger generation was already automated, saving you days of frustrating
manual GL entries. With this update, the relevant GL entries can even be settled in a couple of taps.
Automated Cost of Sales Calculation
We’ve made it even easier to book realization transactions. Our one-tap interface supports Weighted
Average, FIFO and LIFO to automatically create the corresponding cost of sales transactions.
October 2014
Charts on Reports
Reporting to your Limited Partners was never more interesting. Get a whole array of
beautiful charts right on PDF reports sent out to investors.
Reporting Templates
We’ve introduce a completely new reporting package with a more focused and beautiful way to present
your fund data. Ask your support representative or email us at [email protected] for a sample
pack.
New Dashboards
Your fund, investor and asset dashboards just became more interactive with a complete overhaul of
the design and layout. It has never been easier to get the information you need with a single tap.
September 2014
Interactive Visualizations
Your charts just got more interactive. You can now create custom charts by dragging and
dropping variables such as commitment, undrawn commitment, valuation, total invested, DPI and RVPI.
Out of the box compatibility with LDAP and Active Directory
You could already sign in to Fundwave using your Google Apps for Business account, saving you the
headache of managing two sets of user credentials. Now, you could also opt to sign in with the same
credentials that you use to authenticate on your organization’s systems.
August 2014
Management Fees on NAV
In addition to calculating management fees on Commitment and Cost of Investment, you can
now calculate management fees for your investors on the basis of Net Asset Value.
Sending Emails to your Investors
Now send reports straight to your investors using the in-built email functionality of Fundwave.
Xero Support for General Ledger Entries
We have added support for the Xero accounting package, enabling you to generate GL entries from
Fundwave and sync them with Xero.
July 2014
Sign in with Google
Funds using Google Apps for Business can now sign-in to Fundwave using the same
credentials, enabling a singular access management strategy for Fundwave and other enterprise data.
June 2014
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