Formulary Financial
Formulary Financial provides AI-native fund administration for private markets, combining CPA-led accounting services with automated workflows for fund accounting, investor reporting, and regulatory compliance. The platform uses deterministic, auditable logic for calculations like waterfalls and carried interest, ensuring every figure traces back to its source. It serves venture capital, growth equity, and private equity firms, along with family offices and fund of funds.
- Financial Technology
- Artificial Intelligence
- Software Only
Funding
Funding not disclosed
Founders
Founder details are not available yet.
Product
Problem
Fund administration is a significant pain point for asset managers, with accountants spending over 70% of their time on repetitive, administrative tasks and error-prone data entry. This inefficiency forces most general partners to run shadow accounting processes and leaves limited partners with delayed, inaccurate reporting, undermining trust and operational effectiveness.
Solution
Formulary Financial provides a full-service, AI-native fund administration platform that equips asset managers with reliable data, intelligent fund operations, and tailored insights. The platform is purpose-built to turbocharge accountants by automating manual workflows, allowing them to focus on strategic advisory and high-value problem-solving for clients. It covers fund accounting, fund reporting, GP services, treasury, investor services, capital activity, LP inquiries, and regulatory compliance, including audit, compliance, and tax. By systemizing data so every calculation is tracked, validated, and controlled, Formulary transforms complex data into auditable, accessible, and actionable insights for investors, fostering collaboration and thought partnership between accountants and their clients.
Target Audience
Primary customers are asset managers, including general partners of venture capital, growth equity, and private equity funds, as well as the accountants who service them, seeking reliable fund administration and investor reporting.
Features
- AI-native infrastructure, ontology, and workflows that streamline operations and unlock capacity for accountants
- Precision data systemization ensuring every calculation is tracked, validated, and controlled for accuracy
- Deterministic calculation logic for waterfalls, fees, and carried interest that produces consistent, auditable results
- Comprehensive services spanning fund accounting, fund reporting, GP services, treasury, and investor services
- Tailored reporting and capital activity management for limited partners and general partners
- Regulatory and compliance support including audit, compliance, and tax services
- Efficient data migration that reduces onboarding from months to days, as noted in client testimonials