ABOUT US

Artiffex’s universal data conversion service is a financial data integration platform developed in collaboration with accounting professionals. Artiffex’s service allows users to import, digitize, organize and render immediately useful the information found within periodic investment, banking, and insurance policy statements regardless of their institutional source or format (paper or electronic). Artiffex reduces data-entry time and margins of error associated with the manual preparation of information required to produce income tax returns by up to 90%. Work that used to take days and hours can now take minutes; directly empowering the accounting industry to liberate valuable time.

Launched in the Fall of 2015, Artiffex markets a cutting edge digital transformation service for the accounting industry. Artiffex is powered by and licenses its technology on an exclusivity basis from Ndex Systems Inc. Ndex was founded in 1999 and builds, distributes and supports financial technology to the industry worldwide. The Ndex platform supports over $100 billion dollars in managed assets, is utilized by over 350 investment firms in North America and extracts information from over 700 supported financial institutions globally. The Artiffex application is hosted at the Ndex facilities, and has SSL-Labs security rating of “A”.

HOW IT WORKS

steps

EXTRACT & DIGITIZE

Extract and digitize financial information into the Artiffex platform with ease and precision regardless of the source – paper or PDF statements, websites or direct bank feed from any financial institution

VALIDATE & MODIFY

Validate and modify periodic financial broker or banking statement data rendering it robust and immediately usable.

RECONCILE

Once data is imported into the Artiffex platform, users can instantly generate comprehensive reports utilized for tax preparation and future planning, including but not limited to:

  • Realized Gain & Loss
  • Realized Income
  • Foreign Income Verification Statement (Compliant T1135)
  • Projected Income
  • Fees & Commissions
  • Broker Writeup (summary of all transactions)
How It Works - Vertical

EXTRACT & DIGITIZE

Extract and digitize financial information into the Artiffex platform with ease and precision regardless of the source – paper or PDF statements, websites or direct bank feed from any financial institution

VALIDATE & MODIFY

Validate and modify periodic financial broker or banking statement data rendering it robust and immediately usable.

REPORTING

Once data is imported into the Artiffex platform, users can instantly generate comprehensive reports utilized for tax preparation and future planning, including but not limited to:

  • Realized Gain & Loss
  • Realized Income
  • Foreign Income Verification Statement (Compliant T1135)
  • Projected Income
  • Fees & Commissions
  • Broker Writeup (summary of all transactions)

CASE STUDY

Client of an
accounting firm

An investor with the following assets:

  • Portfolio value
    $7,000,000 (Closed Private Fund)
  • Monthly Statements
    120+ pages with 200+ lines of transactions

BEFORE ARTIFFEX

Manually entering data required a minimum of 4 hours per monthly statement. More than 1 week of total labor per 1 fiscal year’s worth of data.

AFTER ARTIFFEX

Automated solution that digitizes, transforms and validates data. Requires approximately 15 minutes per monthly statement. Approximately 3 hours of total labour per 1 fiscal year’s worth of data.

OVER 90%
TIME SAVINGS

LONG TERM
COST SAVINGS

INCREASED
EFFICIENCY

ARTIFFEX Demo

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