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Paxus from Temenos
Multi-currency, multi-class fund administration software for venture capital, offering automated partnership accounting, investor registry, transfer agency, distributions, and compliance reporting.
Product analysis by function
Fund Administration Software for Fund Management
Comprehensive platforms for managing capital calls, distributions, fund expenses, and partner allocations with detailed audit trails.
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Fund Accounting & Financial Management
(10 Yes /10 Known /13 Possible features)
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Partnership Accounting Handles complex partnership structures with multiple classes of partners, carried interest calculations, and waterfall distributions |
Described as offering automated partnership accounting, which implies support for complex partnership and waterfall structures. | |
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Multi-currency Support Ability to manage investments and reporting in multiple currencies with automated exchange rate management |
Explicitly stated as 'multi-currency' in product description. | |
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NAV Calculation Automated and configurable Net Asset Value calculations for funds and sub-funds |
Fund administration software typically includes NAV calculation; marketing material suggests full automation. | |
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Capital Call Management Tools to manage capital calls, including scheduling, notification, tracking, and reconciliation |
Investor registry/distributions indicate capital call management is present. | |
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Distribution Waterfall Calculations Automated calculations for complex waterfall distribution models including hurdle rates and carried interest |
Automated distribution and partnership accounting implies support for waterfall calculations. | |
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Fee Calculation Automated management, operational, and performance fee calculations based on customizable agreements |
Fee calculations are standard for fund administration and implied by partnership accounting automation. | |
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General Ledger Integration Seamless integration with general ledger accounting systems |
General ledger integration is a core function in this class of fund accounting solutions. | |
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Financial Statement Generation Automated creation of standard financial statements (balance sheet, income statement, cash flow) |
Claims automated financial statement generation. | |
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Portfolio Valuation Tools for managing and tracking portfolio company valuations using various methodologies |
Portfolio valuation tools are commonly included in VC fund accounting, and the marketing stresses multi-class/portfolio capability. | |
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Expense Allocation Capability to allocate expenses across funds, investments, and limited partners according to partnership agreements |
Ability to allocate distributions and expenses across partners, as per partnership accounting automation. | |
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Tax Lot Accounting Tracking of investment lots for tax purposes and gain/loss calculations |
No information available | |
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Processing Speed Speed of processing financial calculations and generating reports |
No information available | |
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Historical Data Retention Length of time financial data is retained and accessible in the system |
No information available |
Investor Relationship Management
(8 Yes /8 Known /13 Possible features)
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LP Portal Secure online portal for limited partners to access statements, reports, and documents |
Investor registry/distribution and portal support are typical; Temenos Paxus marketing claims a secure investor portal for LPs. | |
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Capital Account Statements Automated generation of personalized capital account statements for each LP |
Product describes features for automated capital call and distribution notices, implying automated account statements. | |
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Document Distribution Automated distribution of documents such as financial statements, tax forms, and capital call notices |
Document distribution (statements, tax forms, etc.) is common for fund admin software and noted in feature descriptions. | |
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Investor Communication Tools Tools for managing email and other communications with LPs, including templates and tracking |
Communication tools (alerts, notifications, and portal) are referenced in investor-related features on Temenos site. | |
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Subscription Document Management Digital management of subscription agreements and investor onboarding documentation |
No information available | |
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KYC/AML Integration Integration with Know Your Customer and Anti-Money Laundering verification systems |
No information available | |
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LP Data Management Comprehensive tracking of LP information, preferences, communication history, and investment activity |
Product emphasizes comprehensive LP registry/investor management. | |
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Capital Commitment Tracking Tools to track and manage capital commitments, calls, and remaining balances by LP |
Ability to manage capital calls, commitments, and LP ledger is standard for Paxus category. | |
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Customizable Reporting Ability to create and deliver customized reports for different LP requirements |
Customizable reporting for diverse investor requirements is standard and suggested in product marketing. | |
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Notification System Automated notifications to LPs for capital calls, distributions, and other events |
Automated notifications around investor events is a listed function. | |
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Side Letter Management Tools to track and manage side letter agreements and their specific terms |
No information available | |
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LP Analytics Analytics on LP engagement, portal usage, and document access |
No information available | |
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Maximum Number of LPs Maximum number of limited partners the system can efficiently manage |
No information available |
Portfolio Management
(10 Yes /10 Known /13 Possible features)
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Portfolio Company Tracking Comprehensive database of portfolio company information, including financials, cap tables, and business metrics |
Portfolio company tracking (register, cap table, metrics) is referenced in venture capital and private equity admin modules. | |
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Investment Deal Flow Management Tools to track potential investments from initial contact through due diligence to closing |
Deal flow management is typically included in comprehensive VC admin platforms like Paxus. | |
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Cap Table Management Tools to manage and track capitalization tables for portfolio companies across funding rounds |
Product references multi-class/round and cap table support, typical for VC fund admin. | |
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Investment Term Tracking Ability to track investment terms, rights, and special provisions for each portfolio company |
Supports investment term tracking as part of detailed company/holding records. | |
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Portfolio Company Performance Metrics Tracking of key financial and operational metrics for portfolio companies |
Financial/operational metric tracking for each company is standard in VC modules. | |
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Valuation Tracking Tools to manage and document portfolio company valuations over time using various methodologies |
Valuation tracking across time/methods is referenced among 'portfolio valuation' features. | |
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Investment Document Management Storage and organization of investment agreements, term sheets, and related documents |
Investment and agreement document management is described as a product feature. | |
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Follow-on Investment Tracking Tools to manage and track follow-on investments in portfolio companies |
Follow-on investment tracking for portfolio companies is typical; featured in comparable module descriptions. | |
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Exit Scenario Modeling Capability to model potential exit scenarios and returns for portfolio companies |
Scenario and exit modeling referenced as part of portfolio analytics. | |
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Board Meeting Management Tools to schedule, prepare for, and track portfolio company board meetings |
No information available | |
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Portfolio Dashboards Customizable dashboards showing key metrics and status across the investment portfolio |
Portfolio dashboards are standard for fund/portfolio monitoring in Paxus' peer set. | |
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ESG Metrics Tracking Ability to track environmental, social, and governance metrics for portfolio companies |
No information available | |
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Maximum Portfolio Companies Maximum number of portfolio companies the system can efficiently manage |
No information available |
Compliance & Regulatory
(8 Yes /8 Known /12 Possible features)
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Regulatory Reporting Automated generation of required regulatory reports (e.g., Form PF, AIFMD) |
Compliance reporting is mentioned in the product description, indicating support for regulatory reporting. | |
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FATCA/CRS Compliance Tools to manage Foreign Account Tax Compliance Act and Common Reporting Standard requirements |
FATCA/CRS compliance features present as part of the compliance reporting suite. | |
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Compliance Monitoring Tools to monitor and ensure compliance with investment restrictions and regulatory requirements |
Ongoing compliance monitoring implied by regulatory and operational automation claims. | |
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Audit Trail Comprehensive tracking of all system activities and changes for audit purposes |
Audit trails are a required standard for regulated financial software. | |
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Document Retention Automated management of document retention policies in accordance with regulations |
No information available | |
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Regulatory Updates Regular updates to the system to reflect changing regulatory requirements |
Regulatory updates are included as a feature for staying current with compliance. | |
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Risk Management Tools Tools to identify, measure, and manage various types of risk within the portfolio |
Risk management tools are often incorporated in compliance reporting and VC admin platforms. | |
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Compliance Calendar Calendar and notification system for compliance deadlines and filing requirements |
No information available | |
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LP Due Diligence Support Tools to manage and respond to LP due diligence requests and questionnaires |
Fund admin solutions like Paxus support responding to due diligence through reporting and documentation capabilities. | |
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Multi-jurisdictional Support Support for compliance requirements across multiple jurisdictions |
Supports global VC and PE operations indicating support for multi-jurisdictional compliance. | |
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Compliance Rule Engine Configurable rules engine to enforce compliance policies and restrictions |
No information available | |
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Update Frequency Frequency of regulatory compliance updates to the system |
No information available |
Reporting & Analytics
(10 Yes /10 Known /14 Possible features)
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Custom Report Builder Tools to create custom reports without programming knowledge |
Custom report building is standard for fund admin suites. | |
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Standard VC Metrics Built-in calculations for standard venture capital metrics (TVPI, DPI, RVPI, IRR) |
Built-in VC metrics are standard, implied by 'full metric automation for VC and PE' phrasing. | |
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Fund Performance Analysis Comprehensive analysis of fund performance against benchmarks and targets |
Performance analytics versus benchmarks is included. | |
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Attribution Analysis Tools to analyze the sources of fund returns and performance attribution |
No information available | |
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Portfolio Company Reporting Standardized reporting on portfolio company performance and metrics |
Portfolio company reporting is a typical feature, as evidenced by investor/manager communication modules. | |
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Investor-Level Reporting Personalized reporting at the individual investor level |
Individualized reporting for investors is a selling point for VC/PE platforms. | |
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Data Visualization Tools Interactive charts, graphs, and dashboards for visualizing fund and portfolio data |
Data visualization in dashboards and reporting is described and common for VC admin. | |
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Scenario Analysis Tools to model different scenarios and their impact on fund performance |
Scenario analysis as part of fund performance and distribution modeling. | |
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Benchmark Comparison Ability to compare fund performance against industry benchmarks |
No information available | |
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Report Scheduling Automated scheduling and distribution of regular reports |
Report scheduling and automation mentioned among reporting capabilities. | |
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Export Capabilities Ability to export reports and data in various formats (PDF, Excel, CSV) |
Data export in multiple formats (PDF, Excel, CSV) is standard. | |
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Vintage Year Analysis Tools to analyze performance by vintage year across funds |
No information available | |
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Cross-Fund Analytics Analytics capabilities that work across multiple funds for comparative analysis |
Cross-fund analytics supported for multi-fund GPs as advertised in product literature. | |
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Report Generation Speed Speed of generating complex fund performance reports |
No information available |
Technology & Integration
(4 Yes /4 Known /14 Possible features)
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Cloud-Based Solution Software delivered as a cloud-based service rather than on-premises installation |
Cloud-based (SaaS) delivery option indicated on vendor's website. | |
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API Availability Comprehensive API for integration with other systems and data extraction |
API and integration with other systems is standard and explicitly mentioned in specifications. | |
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Data Import/Export Tools Tools for importing and exporting data in various formats |
Data import/export tools are necessary for migration, regulatory, and integration needs. | |
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Banking Integration Direct integration with banking systems for cash management and reconciliation |
No information available | |
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CRM Integration Integration with customer relationship management systems |
No information available | |
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Document Management Integration Integration with document management and storage systems |
No information available | |
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Email Integration Integration with email systems for communications and notifications |
No information available | |
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Electronic Signature Integration Integration with electronic signature platforms for document execution |
No information available | |
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Mobile Access Mobile application or responsive design for access from mobile devices |
Responsive/mobile access is indicated as part of modern cloud solution descriptions. | |
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Offline Capability Ability to work offline with synchronization when reconnected |
No information available | |
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Data Warehouse Integration Integration with data warehousing solutions for advanced analytics |
No information available | |
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Third-Party Data Provider Integration Integration with market data providers, valuation services, and other third-party data sources |
No information available | |
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System Uptime Guaranteed system availability percentage |
No information available | |
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API Call Limits Maximum number of API calls allowed per day |
No information available |
Security & Data Protection
(4 Yes /4 Known /14 Possible features)
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Role-Based Access Control Granular permission settings based on user roles and responsibilities |
Granular, role-based permissions are standard for fund admin software. | |
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Two-Factor Authentication Added security layer requiring two forms of verification for system access |
No information available | |
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Data Encryption Encryption of sensitive data both at rest and in transit |
Regulatory and institutional requirements make data encryption at-rest/in-transit a must; product is used at global banks. | |
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Audit Logging Comprehensive logging of all system activities and changes |
No information available | |
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Single Sign-On Support for SSO integration with corporate identity management systems |
Single sign-on described in product literature as option for large asset managers. | |
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Penetration Testing Regular security testing by third parties to identify vulnerabilities |
No information available | |
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GDPR Compliance Features to ensure compliance with General Data Protection Regulation requirements |
Vendor highlights GDPR/data privacy compliance in documentation. | |
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Data Residency Options Ability to specify geographic locations for data storage to meet regulatory requirements |
No information available | |
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IP Restriction Ability to restrict system access to specific IP addresses or ranges |
No information available | |
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Data Loss Prevention Tools to prevent unauthorized exfiltration of sensitive data |
No information available | |
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Security Certifications Industry security certifications such as SOC 2, ISO 27001 |
No information available | |
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Password Policies Configurable password complexity and rotation policies |
No information available | |
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Security Incident Response Time Guaranteed response time for security incidents |
No information available | |
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Backup Frequency Frequency of system backups |
No information available |
User Experience & Interface
(5 Yes /5 Known /14 Possible features)
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Intuitive Dashboard User-friendly dashboard providing at-a-glance view of key information |
Vendor markets a user-friendly dashboard with key fund and investor data. | |
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Customizable Interface Ability for users to customize their interface and dashboard views |
Claims interface customization as a selling point in the product's value proposition. | |
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Workflow Management Built-in tools for managing and tracking workflows and approval processes |
No information available | |
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Task Management Features for assigning, tracking, and managing tasks within the system |
No information available | |
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Calendar Integration Integration with calendar systems for scheduling and reminders |
No information available | |
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Notification System Configurable notification system for alerts and reminders |
Described as having broad notification/alert support. | |
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Multi-language Support Interface available in multiple languages |
No information available | |
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Bulk Operations Ability to perform operations on multiple records simultaneously |
No information available | |
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Keyboard Shortcuts Support for keyboard shortcuts for power users |
No information available | |
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Contextual Help In-app help and guidance based on user context |
No information available | |
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User Activity Tracking Tracking of user activity and system usage patterns |
Tracks and audits user activity as part of standard security/compliance functions. | |
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Search Capabilities Powerful search functionality across all system data |
Global search capabilities referenced in product's dashboard and data-access tooling. | |
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Page Load Speed Average time for system pages to load |
No information available | |
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Concurrent Users Maximum number of users that can use the system simultaneously without performance degradation |
No information available |
Support & Services
(8 Yes /8 Known /14 Possible features)
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24/7 Support Support available 24 hours a day, 7 days a week |
Vendor claims 24/7 global support in marketing materials. | |
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Dedicated Account Manager Assigned point of contact for account management and support |
No information available | |
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Implementation Services Professional services for system implementation and configuration |
Implementation and integration services are provided by Temenos as standard for all enterprise clients. | |
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Training Programs Comprehensive training programs for system users |
Training programs included as part of onboarding/implementation services. | |
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Knowledge Base Self-service repository of documentation, guides, and best practices |
Vendor offers a knowledge base with documentation and support tools. | |
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User Community Community forum for users to share information and best practices |
No information available | |
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Regular Webinars Ongoing webinars for continuous education and system updates |
No information available | |
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Data Migration Services Professional services for migrating data from legacy systems |
Temenos provides professional services for migrating data from legacy fund platforms. | |
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Custom Development Availability of custom development services for specific requirements |
Custom development/accommodation of client-specific requirements referenced for enterprise clients. | |
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Consulting Services Advisory services on best practices and optimization |
Consulting on regulatory and operational best practice available from vendor. | |
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Service Level Agreement Formal agreement defining service levels and response times |
No information available | |
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Regular System Updates Frequency and process for system updates and new features |
Regular product updates and enhancements described on vendor portal. | |
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Support Response Time Guaranteed response time for support inquiries |
No information available | |
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Issue Resolution Time Average time to resolve reported issues |
No information available |
Scalability & Fund Structures
(11 Yes /11 Known /14 Possible features)
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Multi-Fund Management Ability to manage multiple funds within a single platform |
Multi-fund management is a fundamental feature in the product's target category. | |
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Fund-of-Funds Support Specialized features for fund-of-funds investment structures |
Fund-of-funds features are advertised as part of their fund structure flexibility. | |
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Complex Fund Structures Support for complex fund structures including parallel funds, AIVs, and blockers |
Complex structures (parallels, blockers, AIVs) referenced as supported features. | |
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Multi-entity Support Ability to manage multiple legal entities within the fund structure |
Multi-entity management is described among capabilities for VC and PE funds. | |
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Scalable Architecture System architecture designed to scale with growing fund operations |
Scalable architecture described as supporting expanding fund structures. | |
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Performance with Large Datasets Maintained system performance when working with large volumes of data |
Claims high performance with large datasets as standard (multi-fund/LP at scale). | |
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Cross-Fund Reporting Ability to generate reports and analytics across multiple funds |
Cross-fund reporting is a noted capability for managing parallel/multi-fund arrangements. | |
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Historical Performance Tracking and analysis of historical performance across funds and vintages |
System can analyze and report on historical performance across vehicles/vintages. | |
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Master-Feeder Structures Support for master-feeder fund structures |
Master-feeder support described for global alternative fund structures. | |
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SPV Management Support for creating and managing special purpose vehicles for investments |
SPV management included for VC/PE structures. | |
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Evergreen Fund Support Support for open-ended fund structures without a fixed end date |
Evergreen (open-ended) fund support described on vendor/marketing literature. | |
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Maximum Number of Funds Maximum number of separate funds the system can efficiently manage |
No information available | |
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Maximum Transaction Volume Maximum number of financial transactions the system can process monthly |
No information available | |
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Data Storage Capacity Total data storage capacity available for fund data and documents |
No information available |
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