November 30, 2022
qashqade, a software solution that enables private capital allocators and asset servicers to automate their waterfall and valuations workflows, announce a new partnership with Accelex, a SaaS platform specializing in alternative investment data management. The partnership will allow clients of both firms to leverage an end-to-end solution, firstly using Accelex for the automated extraction of performance and transaction data contained in unstructured investment documents; and qashqade for the complex valuations analysis, including carry calculation, cash flow forecasting and carried interest administration.
Accelex clients will now be able to run valuations and modeling simulations using the qashqade platform, instead of relying on error-prone manual spreadsheets. At the same time, qashqade clients will be able to use Accelex to streamline the extraction of data required to execute their waterfalls, fee reconciliation and reporting from unstructured content (e.g. PDFs) – therefore reducing the time, effort and resources required to run an otherwise manual and very time-consuming task.
“We are excited to be working with the outstanding team at qashqade”, explained Nicole Weder, Co-founder of Accelex. “They share our mission to increase automation within the private capital industry, and we look forward to strengthening our partnership with qashqade for years to come.”
Oliver Freigang, CEO & Co-founder of qashqade, commented on the newly established partnership:
“Collaborating with Accelex will provide qashqade clients a best-in-class solution specifically designed to remove manual extraction and human-entry processes from unstructured data sources. Accelex is a great complement to what we do here at qashqade.”
Founded in early 2018, qashqade was created with the objective to allow private market companies and their investors to calculate their waterfall and carried interest in a fully automated system, replacing manual, error-prone spreadsheets. The qashqade platform provides direct communication between general partnerships and limited partnerships about the terms and the potential payout. qashqade is headquartered in Zürich, with offices in New York, London and Budapest.
Founded in 2018, Accelex provides data acquisition, analytics and reporting solutions for alternative investors and asset servicers, enabling firms to access the full potential of critical investment performance and transaction data. Powered by proprietary artificial intelligence and machine learning techniques, Accelex solutions automate processes for extraction, analysis and sharing of difficult-to-access unstructured data. Accelex is headquartered in London, with offices in Paris, Luxembourg, New York, and Toronto. For more information please visit: www.accelextech.com