InvestNext

Pros

I love the investor onboarding functionality and the fact that accreditation verification is built-in. The waterfall calculator actually works, unlike other platforms. The fact that ACH payments are integrated is another huge plus. It allows investors making commitments to transfer electronically, and it sends out distribution payments electronically as well.

Cons

My only knock is that it's pretty easy to get lost in the various configuration screens, but it's somewhat understandable given all of the various features that exist and things that can be customized. You end up getting the hang of it.

Alternatives Considered

Pros

I like how easy it is to work with and how user friendly it is.

Cons

I don't like that when I have co sponsors the back end of items like uploading documents has to be done by them instead of just being able to handle it. I unfortunately did not get enough info on the best uses and how to remove projects at the time we subscribed which caused my renewal to be quite high. The team was great in getting this resolved but it would have been great to know from the very beginning.

Pros

The client portal for our investors to login and track their accounts with us works well for the most part. It is very helpful being able to make distributions and generate statements with the investor portal.

Cons

It is very expensive for what it is, especially when we are just managing funds and not raising as much capital as we'd like.

Pros

Its ease of use is unparalleled. We've seen demos from so many other investor portals and it was evident that the InvestNext team thoughtfully developed their platform for our industry. Their team is also super supportive and helpful.

Cons

There isn't a native integration with our CRM, Hubspot today, but they're working hard on it!

Alternatives Considered

Reasons for Choosing InvestNext

Switched From

Reasons for Switching to InvestNext

Pros

Clean layout, customer support and distribution features.

Cons

We wish there were some more reporting features. One specifically is seeing who has opened emails. Not just in the contact view, but more of a macro report.