Automated accounting

Connect collects, transforms and validates holdings and transactions from your investment counterparties into a standardised, comprehensive data set that has been designed to work in any admin and accounting system. Think of Connect as a golden source of data to power the automated population of accounting ledgers, removing manual data entry and human error to enable your bookkeepers and accountants to focus on actual accounting.

There's a variety of different ways that investments can be accounted for, which varies by regulator, jurisdiction and internal accounting practices. Connect's data schema has been designed to cover all bases, so can be used to power full double-entry investment accounting. We know this because we designed it referencing the data structure required by admin and accounting systems with input from qualified investment accountants.   

You have two options. Within Connect, we provide a transactions table for each portfolio and a free Excel extract that can be uploaded into your accounting system. Alternatively, if you make use of one of our core or bespoke integrations, the Connect API will transfer relevant data into your target system automatically. There is a single, modest API maintenance fee associated with systems integrations to cover the cost of secure data transfer. 

No, unfortunately, not all investment counterparties are willing or able to build holdings and transactions-level data feeds with Connect. Enhance will build a data feed with any counterparty and does not charge to do so, but we require the investment managers or custodians to play ball. Where they don't, we can still provide headline portfolio monitoring but will flag that bookkeeping data isn't available, as this may be a factor in your future investment counterparty selection process. 

Enhance will build a data feed, free of charge, with any investment counterparty. We are constantly building data feeds, and the willingness and ability of the international investment community to play ball is on the rise. Where we don't have a data feed in place already and can't build one straight away, we can still monitor the portfolio from the get-go using PDF statements. As soon as your counterparty is able to build a data feed, we will upgrade your portfolio to the feed.

Absolutely not, Connect data is there to superpower bookkeepers and accountants! We believe that all investment accounts should be prepared and reviewed by experienced and qualified professionals. Connect standardises investment counterparty data and applies validation checks and balances, but ultimately relies on the accuracy of the custodian's primary investment record. A sense check by qualified professionals is therefore a must, not optional.

We don't! Wherever we can collect holdings and transaction-level data from an investment counterparty we make this available for free on our Connect platform. This is your data and you shouldn't be made to pay twice for it. The only cost that may be applicable is our API maintenance fee where we are securely transferring data to a target system through a core or bespoke intergration. See Connect's Integrations page for more info.