FOR IMMEDIATE RELEASE
Leading payments platform enhances signature management with seamless digital signing capabilities.
April 11, 2023 – Buffalo, NY – Verivend, the trusted payments platform for private capital transactions, is proud to announce the addition of digital signature functionality to its robust suite of features. This new enhancement allows General Partners (GPs) to efficiently manage signature requests for subscription documents and other agreements with their Limited Partners (LPs), making the transaction process even easier and more efficient.
With Verivend’s digital signature functionality, GPs can now easily create and send subscription documents and other agreements to LPs for review and signing, all within the platform. LPs can then securely sign and return the documents electronically, eliminating the need for time-consuming and cumbersome manual signatures. The digital signature functionality streamlines the entire signature process, reducing delays and increasing efficiency for private capital transactions.
“We are thrilled to introduce digital signature functionality to our payments platform,” said Rodney Reisdorf, CEO of Verivend. “Our goal is to provide our customers with the most advanced and user-friendly tools to manage their private capital transactions. With digital signature capabilities, GPs can now seamlessly manage more of the investment journey, resulting in faster and smoother transactions with their LPs.”
Verivend is known for its commitment to providing secure and reliable payment solutions for private capital transactions. The addition of digital signature functionality further enhances Verivend’s reputation as a leading platform for GPs and LPs seeking an efficient and secure way to manage their subscription documents and agreements.
Key benefits of Verivend’s digital signature functionality include:
- Enhanced efficiency: GPs can easily create and send subscription documents and other agreements for signing, and LPs can sign and return them electronically, reducing delays and streamlining the transaction process.
- Improved security: Verivend’s digital signature functionality ensures the authenticity and integrity of signed documents, providing a secure and compliant solution for private capital transactions.
- User-friendly experience: The digital signature feature is intuitive and easy to use, providing a seamless experience for GPs and LPs to manage signature requests within the Verivend platform.
Verivend’s digital signature functionality is now available to all existing and new customers. To learn more about Verivend’s payments platform and its latest features, please visit www.verivend.com.
About Verivend
Verivend is the leading payments platform for private capital transactions, providing a secure and efficient way for General Partners (GPs) and Limited Partners (LPs) to manage subscription documents and other agreements. With innovative features and robust security measures, Verivend is trusted by private capital professionals worldwide for its reliable and user-friendly payment solutions. For more information, visit www.verivend.com.
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FAQs
Q: What makes Verivend different for investment sponsors?
A: Verivend is the only payment-first platform for private capital that allows GPs and LPs to transact with the same ease, efficiency, and security that individuals have enjoyed in their personal lives with apps like Venmo and PayPal. With Verivend, the effort, pain, and security risks of raising and deploying capital are eliminated, which saves GPs and LPs countless hours and provides both with a superior pain-free experience.
Q: How do Digital Signatures with Verivend provide value to investment sponsors and their LPs?
A: The typical process for investment sponsors to manage and collect signatures on subscription agreements and other legal documents from investors is to manually email those documents and have LPs sign them and email them back, or to use another platform that needs to be managed separately. This provides a sub-optimal experience for both GPs and LPs since various parts of the investment journey live in different platforms, which results in a disconnected experience.
With Verivend Digital Signatures, GPs can send out documents for all LPs to sign in a matter of seconds, and LPs digitally sign those documents in just a few clicks within their secure investor portal. This provides a superior pain-free experience for both GPs and LPs to now manage more of the investment journey all within the Verivend platform.
Q: How secure is Verivend?
A: Verivend prioritizes security and takes extensive measures to protect sensitive financial information. Our platform uses state-of-the-art encryption and data protection technologies to ensure that all data is securely transmitted and stored. We also comply with all relevant regulations and standards, such as PCI DSS, to ensure the security and confidentiality of financial information. In addition, we regularly monitor our systems for any potential security threats and vulnerabilities and have protocols in place to respond quickly to any security incidents.
Q: How long does it take for an investment sponsor to start using Verivend?
A: Verivend’s time to value for investment sponsors is almost immediate. Verivend requires no painful implementation or lengthy customization, and it takes only minutes for investment sponsors to get set up and start using Verivend. Many GPs have signed up, sent out their first capital calls, and started to see them funded by their LPs all within a matter of hours.
Q: What do investors need to do to start using Verivend?
A: The Verivend investor experience has been purposefully designed to be completely frictionless. With just one click, investors immediately access their secure portal where they view and act on any items received from investment sponsors. This includes Commitments, Signatures, Capital Calls, Distributions, and Rooms. This provides investors with an all-inclusive and comprehensive experience to manage their investment journey with one, or as many investment sponsors as they’re associated with using Verivend.