TALIX by ACE TAX and Quantium break traditional siloes to reshape tax reporting for the alternative asset landscape
ACE Alternatives
Consistently Pushing the Boundaries of How Alternative Asset Vehicles are Operated.
As a seasoned tax advisor to venture capital and private equity firms, I've witnessed firsthand the rapid evolution of our industry.
The message is clear: the future belongs to those who embrace proactive, tech-driven strategies. In an era of intensifying regulations, complex fund structures and the rising integration of AI, traditional approaches to tax and accounting are no longer sufficient.
To thrive in this new landscape, we must adapt, innovate, and leverage the power of cutting-edge technologies.?
A crisis of talent and complexity?
Our industry is confronting an unprecedented demographic challenge that I believe will redefine its future. The specialized field of alternative investment taxation, always a niche area requiring deep expertise and years of experience, is now facing a critical talent shortfall. Alarmingly, the pool of tax professionals specializing in this field is shrinking at an unprecedented rate.?
In Germany, the outlook is particularly concerning. By 2030, the country is projected to face a shortage of approximately 2.5 million skilled workers, with the financial services sector—including tax and accounting professionals—accounting for over 25% of this deficit (Korn Ferry).?
Exacerbating the issue, young professionals are increasingly opting for alternative career paths, leaving a growing expertise gap that threatens to undermine the industry's sustainability.?
This talent crisis couldn't come at a worse time.
The volume and complexity of data we handle have grown exponentially.
What used to be manageable with traditional approaches now requires sophisticated systems just to process. Meanwhile, regulatory bodies have significantly raised the bar for transparency and compliance. The documentation and reporting requirements that satisfied authorities just a few years ago are no longer sufficient – they now demand granular insights into every aspect of fund operations.?
Adding to these pressures, we're seeing a fundamental shift in client expectations. The new generation of General Partners (GPs) and Limited Partners (LPs) has grown up in a digital world. They expect instant access to data, sophisticated reporting capabilities, and a user experience that matches the technology they use in their personal lives.
This convergence of challenges – a shrinking talent pool, increasing complexity, stricter regulations, and evolving client expectations – creates what I see as an existential challenge for our industry. Traditional approaches to fund administration and tax management are becoming unsustainable, and the need for innovation has never been more urgent.?
Introducing Talix by ACE TAX, an intelligent automation imperative
In my experience, the answer to these mounting pressures isn't to simply work harder or hire more specialists – it's to work smarter through automation. Recognizing this imperative, we developed TALIX to add to our ACE Alternatives ecosystem.
As a purpose-built SAAS solution, TALIX breaks down the traditional siloes between administration, accounting, and tax functions that have long created inefficiencies in fund administration. Through intelligent automation and deep integration within the ACE ecosystem, TALIX enables seamless data flow and real-time collaboration between teams – transforming how fund administration operates.?
The power of connection, how Quantium drives API-enabled efficiency?
Effective automation in fund administration demands seamless communication between fund accounting and tax systems. This is where our partnership with Quantium proves invaluable.??
Matias Collan , Founder and CEO of ACE Alternatives, put it best:??
"From day one, Quantium impressed us with their expertise and proactive approach. The flexibility of their software has revolutionized ACE Alternatives’ efficiency, ensuring seamless adaptability across all our clients’ unique operational requirements. This partnership has set a new benchmark for innovation in the industry.”??
Quantium is an award-winning, specialized SAAS fund accounting platform developed specifically for alternative asset funds, with a growing global presence. What sets it apart is its unique bi-directional API capability – a feature absent in traditional fund accounting software.?
The real-time and seamless integration between Quantium and TALIX creates a powerful workflow. Through Quantium's comprehensive accounting capabilities, we handle both cost accounting and fair market accounting. The bi-directional API then allows us to pull fair market value data directly into TALIX, where it's automatically converted into cost and tax figures.
This integration enables us to produce annual financial statements and tax returns with unprecedented efficiency, generating reports for any time period – whether monthly, quarterly, or yearly.?
A new standard in fund administration?
The integration between TALIX and Quantium delivers transformative capabilities for modern fund administration.
Real-time integration and seamless integration between fund tax and accounting?
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Real-time bridging between IFRS, Local GAAP and tax accounts?
Advanced reporting capabilities for any time period?
Streamlined regulatory compliance?
The Strategic Impact?
This integration delivers three crucial benefits, saving 6-8 weeks in manual reporting and reducing 90% of time spent on tax reporting:?
Looking ahead?
After decades in this industry, I'm more excited than ever about the future of fund administration, tax and accounting. The integration of TALIX and Quantium represents exactly the kind of innovation we need to address our current challenges while preparing for future demands.??
By automating complex processes, ensuring data consistency, and streamlining reporting, we're not just solving today's problems – we're building a foundation for tomorrow's success.?
?In my view, this technological evolution isn't just about efficiency; it's about transformation. As our industry continues to evolve, those who embrace these innovative solutions will be best positioned to deliver the value, accuracy, and responsiveness that modern fund administration demands.?
The choice is yours?
The future of fund tax management is not a distant prospect; it is already here. With the right partners, strategies, and mindset, we can harness its potential to drive growth, efficiency, and success. ?
Will you lead the charge or watch from the sidelines? The choice is yours.?
This article was authored by Felix von der Planitz , Head of ACE TAX and Co-CEO of ACE Alternatives.
ACE Alternatives (“ACE”) is a tech-driven service provider for Investment Fund Manages in the Alternative Assets space. ACE’s vision is to redefine fund management by demystifying complexities and promoting transparency. Asset classes include Venture Capital, Private Equity, Private Debt, Fund of Funds, Real Estate, and more. With a proprietary tech platform and extensive industry experience of the team, ACE offers 360 degree tailored solutions for fund administration, tax and accounting, compliance and regulatory, ESG needs. The fintech was founded in Berlin in 2021 and has since established itself as one of the fastest growing alternative investment fund service providers in Europe. ACE is currently working with over 45 funds and steadily growing its customer base.
ACE TAX, an accredited tax advisor affiliate of ACE Alternatives, provides cutting-edge tax reporting and advisory solutions specifically designed for alternative asset funds. Leveraging advanced, real-time technology, ACE TAX streamlines compliance, reduces reporting time, and enhances accuracy for fund managers and limited partners. Led by industry experts Felix von der Planitz and Matias Collan ACE TAX is committed to transforming tax reporting with a tech-driven, event-based approach that meets the evolving needs of the alternative asset landscape.
Tax reporting, tax operations, fund tax, fund accounting, vc, pe
Love to see it - at Quantium we are all for game-changing functionality! Really glad we could help take the pain out of tax and accounting functions, ACE Alternatives ?????
Driving impactful fund operations at ACE | BMW Foundation Responsible Leader | Mentor to women founders | Investor scout | All views my own
2 周Tax can be such a pain, so exciting that we are revolutionizing this for investors.