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Formidium is looking to simplify crypto accounting for businesses and investors

The integration of cryptocurrencies into both personal and corporate financial systems is no longer a distant future but a pressing reality. In a recent discussion, Roundtable anchor Rob Nelson, alongside Shalin Madan,..

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Formidium
Legacy Administrators

Fund Structures Supported

All

Some

Asset Classes Supported

All

Some

Total Cost of Service

Low

High

Relationship Manager

Included

Limited

Formidium
Legacy Administrators

Fund Accounting System (GL Based, No Spreadsheet)

Included

Limited

Integrated Fund - Portfolio - Investor Accounting

Yes

No

Daily NAV

Included

Extra cost

Support Daily Dealing (Investor Transactions)

Included

Extra cost

Aggregation Of Data/Reports/Funds/Accounts

Included

Extra Cost

Formidium
Legacy Administrators

Scalable Technology Solution - Large Volume Handling

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Limited

Web Technology, Modern DRP

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Limited

Technology, Cyber-Security Internal Controls - SOC 2 / SOC 3

Yes

No

COVID-19 Type Situation Preparedness / DRP

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Formidium
Legacy Administrators

Investor Portal

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Limited

Access To Trading, Investor, Accounting Data (Read Only)

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Limited

Formidium
Legacy Administrators

Access To Trading, Investor, Accounting Data (Read Only)

Included

Limited

Investor Portal

Included

Limited

Detailed Fund Document Review

Included

Limited

Historical Data Conversion From Legacy Administrator

Included

Limited