Tecma Venture Partners
"From Spreadsheets to Seamless Portfolio Monitoring: How Cofi's FP&A Solution Transformed Tecma's Financial Reporting Process"Download Now
Tecma Venture Partners
"We had been struggling with manual consolidation processes and the complexities of multi-entity reporting. Cofi's FP&A solution made it possible to automate these processes, freeing up our portfolio finance team to focus on more strategic initiatives." - Michael Haddad, Managing Partner.
Tecma, a venture capital firm established in 2015 by Michael Haddad, specializes in early stage technology investments, shaping industry landscapes. The firm integrates technology into its operations, enhancing workflow efficiency and communication.
Challenges Faced by Tecma
Previously, Tecma used outdated software for investor relations, leading to operational difficulties.
Manual, Time-Intensive Data Collection
Tecma's team spent over 50 hours quarterly to request information from their 100+ portfolio companies, often waiting a month for responses. This process diverted focus from their primary role: fostering growth in their portfolio companies.
Disorganized and Inconsistent Data
Received data was often disordered, spread across numerous files and formats, complicating tracking and analysis efforts. This situation resulted in wasted time searching for specific data, where timeliness was crucial.
Managing Expanding Portfolio Data
As Tecma expanded, handling the growing data of portfolio companies and monitoring their own progress became challenging.
Cofi's Role in Transforming Tecma
Cofi revolutionized Tecma's approach by automating workflows and centralizing data management.
Streamlined Information Collection
Cofi enabled Tecma to use templates for regular data requests, automating follow-ups and document organization. This change cut down data management time by 95%.
Centralized Data Management
With Cofi's centralized dashboard, Tecma now easily accesses financial documents, streamlining file management. This system improves transparency and understanding of portfolio company performance.
Cofi provides Tecma with a scalable system, accommodating growth without information management concerns. This infrastructure aids in deeper data analysis and efficient team onboarding.
Impact of Cofi on Tecma
Adopting Cofi allowed Tecma to significantly reduce data collection time by 95%, focusing more on portfolio development. Cofi's system ensures Tecma's growth is supported by a scalable, efficient data management platform.