SEI, a US-based investment processing solutions provider, has launched a new cloud-based solution to automate the process of handling, documenting, and tracking investors’ private fund transactions.

Called SEI Trade, the new solution has been developed to assist private fund managers upgrade the investor and financial advisor experience, while streamlining error-prone set of processes.

It will also offer digital document management, workflow automation, intelligent form completion, and real-time tracking and transparency of investor transactions.

SEI said that its solution is flexible to handle all major investment vehicles or transaction types, and will also enable managers to use the platform’s analytics to gain new insights about their investors.

SEI head of solutions strategy and development for investment manager services division Jim Warren said: “In building this solution, SEI looked to address an area that our clients have felt was a cumbersome paper-driven process vulnerable to simple errors and process delays. Investment automation has been critical throughout the financial services industry, and we wanted to apply those improvements to the investment subscription process, allowing our manager clients and their investors to benefit from these technological improvements.

“Helping managers deliver a more competitive investor experience was a top priority for the SEI Trade development team. Private fund managers justifiably have focused more on investment performance than on providing online access, customization, and user-friendly interfaces.”