Funding for the 21st Century: Online Subscription Documents

Ask anyone who’s gone through the fund closing process what they hated the most, and they’ll probably say “dealing with subscription documents.”

For the last few decades, subscription documents have been a long, drawn-out back and forth process between investors, lawyers, general partners and administrators.

This necessary evil involves pages and pages of documents that need to be read, filled out, signed, collected, and validated.

Sometimes things go smoothly. However, it’s common for someone to answer the wrong questions or accidentally skip relevant sections. In those cases, everyone involved needs to go through the process again.

Fortunately, you might never need to experience it because new technology frees us from this headache altogether.

How Online Subscription Documents Speed Up Fund Closing

Nobody wants to get stuck with the task of managing subscription documents.

Upgrading to a digital process gets rid of a lot of headaches and speeds up fund closing for everyone

Here are a few things you can expect:

• Easily accessible digital subscription document with built-in logic
• Electronic signatures
• Improved accuracy
• Advanced tracking
• Faster response time
• Automated reminders
• All submitted data is captured securely and exportable

Reliant Fund Services is Moving Forward with Online Subscription Documents

Recognizing the benefits online subscription documents offer our clients and their attorneys (not to mention us!), we’ve been working to bring this new technology into our process.

Our Director of Investor Services, Matt Hurley, has been evaluating different software that would allow us to offer our clients this newer digital option.

As he says, “The subscription document process has always been time-consuming and very manual for all parties involved.  This new technology is equally beneficial for lawyers, general partners, investors, and administrators.”

At Reliant Fund Services, we’re eager to introduce our clients to this innovative technology. Matt believes online subscription documents will soon be the norm, adding, “My hope is that the online subscription process becomes the standard within the industry over the next year.”

If you’re looking to partner with an administrator or would like to learn more about this, please reach out to us. Let’s talk!