Hear from Ryan Kagels, CFO at Counsel Financial, about how Verivend provided their firm with solutions across the spectrum for investor payments, vendor payments, and invoicing clients and customers.
Month: April 2022
Counsel Financial – What was life like before Verivend?
Ryan Kagels, CFO at Counsel Financial, talks about what life was like before Verivend and the ease it provides by bringing many different functions into a single platform.
“Before Verivend, everything was across a number of different platforms.”
“Verivend brings everything into one platform.”
Counsel Financial – How easy was the onboarding process?
Ryan Kagels, CFO at Counsel Financial, talks about the ease of Verivend’s onboarding process and how quick it was to get up and running.
“To get onboard with Verivend was very easy.”
“With Verivend, it literally took us maybe an hour.”
Counsel Financial – What problems did Verivend help you overcome?
Ryan Kagels, CFO at Counsel Financial, talks about the problems Verivend helped overcome and the life-changing efficiencies it provides.
“Verivend solved for a lot of the inefficiencies we had.”
“It’s life-changing for fund type of businesses.”
Counsel Financial – How would you describe Verivend?
Ryan Kagels, CFO at Counsel Financial, talks about how he describes Verivend in a few sentences.
“Once you see what Verivend can do, it’s life-changing as far as efficiency in processing and receiving payments.”
Counsel Financial – How did you handle capital calls before Verivend?
Ryan Kagels, CFO at Counsel Financial, talks about how capital calls were a nightmare and a tedious process before Verivend, and now within minutes, capital calls can be sent out to all of their investors and funded within the same day.
“Capital calls were a nightmare for us and a tedious process to raise the funds for a specific deal.”
“With Verivend, within minutes we can send out all the capital call requests to our investors, and it’s done within the same day.”
Counsel Financial – How did you handle distributions before Verivend?
Ryan Kagels, CFO at Counsel Financial, talks about how distributions were handled before Verivend, and how the time is now cut down from hours to minutes by using Verivend to manage distribution payments to their investors.
“Before Verivend, we would need to handwrite checks and have to send them to specific mailboxes based on the recipient.”
“Now with Verivend, making distribution payments cut the time down from hours to minutes.”
Counsel Financial – How much time do you save by using Verivend?
Ryan Kagels, CFO at Counsel Financial, talks about the time savings gained by using Verivend.
“Hours a week of savings.”
“Everything is there. Every entity that I deal with is on the Verivend platform and the efficiency was huge for us.”
Counsel Financial – Have you received feedback from your investors or partners?
Ryan Kagels, CFO at Counsel Financial, talks about the feedback they’ve received from using Verivend with their investors and partners.
“The investors love it. They say, ‘I see an email, I click accept, and the money is in my account by the end of the day.’”
Counsel Financial – Is there a certain feature that really stands out?
Ryan Kagels, CFO at Counsel Financial, talks about the features of Verivend’s platform that really stand out.