ABOUT US

Artiffex’s universal data conversion service is automation for investment accounting. Developed in collaboration with accounting professionals, Artiffex allows users to convert and render immediately useful the information found within statements which track marketable securities regardless of their institutional source or format. Artiffex eliminates manual data entry and reduces margins of error associated with the preparation of information required to produce income tax returns. Work that used to take days now takes hours.

Launched in the fall of 2015, Artiffex markets a cutting edge digital transformation service to 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 $120 billion dollars in managed assets, is utilized by over 350 investment firms in North America and extracts information from over 1000 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

CONVERT & TRANSFORM

Convert and transform financial information into the Artiffex platform with ease and precision regardless of the source – PDF statements, online investment portals or direct bank feed from a financial institution

VALIDATE & MODIFY

Validate and modify or adjust financial data for accounting purposes

REPORTING

Once data is in the Artiffex platform, users can instantly generate comprehensive reports utilized for tax preparation, including:

  • Realized Gain & Loss
  • Realized Income
  • Foreign Income Verification Statement (T1135-compliant)
  • Projected Income
  • Fees & Commissions
  • Continuity Report (summary of all transactions and book values)
How It Works - Vertical

CONVERT & TRANSFORM

Convert and transform financial information into the Artiffex platform with ease and precision regardless of the source – PDF statements, online investment portals or direct bank feed from a financial institution

VALIDATE & MODIFY

Validate and modify or adjust financial data for accounting purposes

REPORTING

Once data is in the Artiffex platform, instantly generate comprehensive reports utilized for tax preparation, including:

  • Realized Gain & Loss
  • Realized Income
  • Foreign Income Verification Statement (T1135-compliant)
  • Projected Income
  • Fees & Commissions
  • Continuity Report (summary of all transactions and book values)

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

AN Automated solution WHICH ELIMINATES MANUAL DATA ENTRY THAT Requires approximately 15 minutes per monthly statement OR 3 hours per 1 fiscal year’s worth of data.

UP TO 90%
TIME SAVINGS

LONG TERM
COST SAVINGS

INCREASED
EFFICIENCY

ARTIFFEX Demo

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