A $50 billion private equity firm implements ActiveDocs

Overland Park January 15, 2019
HarbourVest Logo

ActiveDocs, the confident choice of large companies for document automation success, announced today that HarbourVest is implementing ActiveDocs to automate generation of financial statements. HarbourVest is one of the largest private equity investment managers globally. Their goal was to improve financial statement creation, ensuring accuracy and compliance while reducing the associated effort.

Catherine Larsen, ActiveDocs SVP Sales for North America, said: “HarbourVest came to us with a long list of very specific requirements for document-related functionality and system integration. Their team quickly decided to proceed with a Proof-of-Concept project – this enabled them to test out and verify the required functionality hands-on. Because financial statements of funds are subject to regulatory and public scrutiny, the team worked on several templates as part of the project. This ensured that HarbourVest’s experts were happy with every aspect of the output and the usability of the proposed solution. The Proof-of-Concept project helped fine-tune the overall architecture of the solution, and enabled HarbourVest to make an informed and confident choice when selecting ActiveDocs software.”

HarbourVest require all financial statement generation to be tightly connected with a number of their existing systems. These include a single-sign-on product, e-signature, and a document management system, along with more specialised financial software like Great Planes and particularly eFront, which is often used by private equity firms.

By trying the software in their own environment, HarbourVest confirmed that the range of ActiveDocs data connection capabilities – including the universal OData connector – will be able to populate and update financial statements with the required data.

ActiveDocs’ sophisticated calculation and data verification capabilities ensure the figures presented in HarbourVest’s financial statements are always consistent with the data in their financial systems of record, and within the financial statement itself.

HarbourVest are also taking advantage of the ActiveDocs Snippet™ functionality. Users can modify wording within statements, while the financial figures are updated automatically if a change occurs. Document creators also have the option to reuse the wording from previously created statements, making the process accurate and more efficient.

Having evaluated ActiveDocs document automation software, HarbourVest could see first-hand the efficiencies and risk reduction it delivers, and were able to start the full-scale implementation immediately following the completion of the Proof-of-Concept project.

 

About the customer

HarbourVest Partners is a private equity fund of funds, and one of the largest private equity investment managers globally. The firm invests in all types of private equity funds, including venture capital and leveraged buyout funds, and also directly in operating companies. With offices in nine global locations, HarbourVest has over $50 billion of assets under their management and is publically traded on London Stock Exchange. For more information please visit www.harbourvest.com.

 

About the solution

ActiveDocs

For over two decades, ActiveDocs has helped more large companies automate their business documents than any other. These include Cigna, Shell, Bayer, BP, Liberty Mutual, ABB and Ricoh. With global offices in Overland Park, London, Brisbane, and Auckland, the company consistently delivers the best customer experience. Over 90% of organizations who try it, buy it and succeed. Learn more about the Customer Confidence Promise at www.activedocs.com.

ActiveDocs Opus

ActiveDocs Opus™ is a world-leading Document Automation Solution built on Microsoft® Office and Microsoft® Windows Server technology, and supports industry standard integration with data sources and document storage and handling applications. Templates are designed in Microsoft® Word and built from reusable components. ActiveDocs Opus has built-in management and deployment tools to allow Templates to be used for User-Driven (interactive) and Program-Driven (automated) document creation.

 
 

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