ByAllAccounts delivers reconciliation-ready data to investment management and advisory firms has secured $5 million in Series A funding

What Company Is Offering:
ByAllAccounts delivers reconciliation-ready data to investment management and advisory firms. Using innovative expert system technology, we provide an unparalleled access to financial account data from thousands of custodians and enable efficient and timely account reconciliation, performance analysis and consolidated reporting.

How It Works:

They help you build stronger, more profitable relationships by providing timely, personalized levels of service and better advice based on a more complete understanding of your clients' assets.

They have set a new standard in financial data assembly, providing an offering that is innovative in its approach to collecting, normalizing, interpreting and categorizing transaction-level information -- information brought to you in a timely and wholly useful way. They enable you to improve efficiencies, grow your business, and leapfrog your competition.

How Much They Got From VCs:
ByAllAccounts, a provider of reconciliation-ready data for investment management and advisory firms, announced that it has secured $5 million in Series A funding. Commonwealth Capital Ventures led the round and was joined by members of the company's executive management team. The company plans to use the funding to further support sales, marketing and product development initiatives.
Who Is Backing Them:
The ByAllAccounts management team is led by CEO, President and co-founder James Carney. The team also includes co-founder Ellen Dickau, Vice President of Engineering, and co-founder Martin Dickau, Chief Technology Officer.
Commonwealth Capital Ventures' Perreault and General Partner Jeffrey Hurst have joined Carney on the company's Board of Directors.
"It was important for us to find an investor that understood our industry and business model and shared our vision," said Carney. "With Commonwealth's track record of successfully investing in companies that deliver Software as a Service (SaaS) solutions and their collaborative, team-based approach to working with their portfolio companies, they bring more than just capital; they will add significant value to the strategic direction of our organization."

More at:http://www.byallaccounts.com/