The financial services industry is one of the most critical sectors of an economy. Providers that fall into that niche manage trillions of dollars each year. They have the responsibility of handling complex calculations and closing prominent deals. Professionals completing these tasks are very talented at their jobs, but the industry can be upgraded through AI implementation. IT advisory firm, Invati, recognizes the urgency of this transition.
CEO Bhuvan Pasham is particularly knowledgeable about this weakness within the sector. He has over 25 years of experience integrating new software and another 15 years managing app development teams. From this technical expertise and Bhuvan’s previous work at private equity firms KKT and Blackstone, he knows the benefits the industry is missing out on. He also knows how tech can simplify processes and allow more room for growth. Bhuvan aims to do this at Invati through smart automation, modernized tech platforms, and more.
Bhuvan believes the most common pain point within finance revolves around the complexity and time-consuming manner of calculations. Although private firms have handled this work for many decades, they shouldn’t be completing it manually anymore. According to Deloitte, simple cost allocation calculations only take about three weeks to be completely finalized, but that is still an extremely long process. Technology has advanced enough for companies to transition into smarter solutions. Invati empowers companies to discover how to design, coordinate, and deploy those changes. Their guidance is extremely valuable for professionals who may be unfamiliar and uncertain about the topic of AI in such a regulated industry.
Invati was founded in 2018 with the goal of simplifying, streamlining, and maximizing the function of financial service providers. Since opening the business, the team has learned important lessons about bridging the gap between tech and business. Bhuvan felt this struggle firsthand when he initially entered the world of private equity. He had knowledge about how to develop successful systems, but he didn’t understand the mindset of many executives outside of technical positions. Once Invati’s mission and team members became clearer, Bhuvan adapted to this new environment. He learned how to appeal to all executives and create services that had value for every C-suite. These advancements allowed Invati to help companies unlock growth and business opportunities they may have been preventing with outdated and complicated tech.
Invati provides technology strategy advisory to private equity firms focused on optimizing their technology investments to maximize value creation.
For the fund manager, a proper technology strategy helps proactively identify better deals and perform due diligence faster. Invati offers integration into portfolio companies for post-acquisition visibility of the performance in real-time which enables swifter course corrections.
Currently, Invati offers various AI-powered tools to private equity companies to automate fund operations and portfolio administration. Invati is investing heavily in developing the next AI applications that are practical and effective in improving outcomes of their investments.
Deals can be identified by the opportunity technology provides for their growth. After an acquisition, companies would be given directives to align with the market and align with corresponding investments in the right technologies to accelerate their growth, providing better returns.
Incorporating AI and machine learning into Invati’s applications was a learning experience. The entire team was very knowledgeable about the tech, but the presenting its value to private equity execs needed to be improved. Now that the company has been offering AI-driven services for multiple years, Bhuvan believes it has been most useful for identifying audiences for acquisition deals and completing due diligence processes independently. Several processes now can be performed faster by augmenting personnel with AI.
The company’s services have been able to help various financial services businesses. Several clients report more efficient compliance expense-capturing practices and equally distributed workflows because of the data their new platforms can provide for managers and executives.
Within five short years, Invati has built strong relationships with clients and finance industry professionals. The team has worked diligently to establish these connections and build brand awareness. However, more work still needs to be done. The company is very young and has many future plans to scale service offerings, staff, and office locations.
"Most financial services and private equity firms didn’t understand the importance of AI, except for very few big players. Those who were engaging in AI hadn't been overly successful because of their lack of confidence, but the pandemic forced the industry to see how smart software could make their businesses more sustainable rather than excessively risk prone. At Invati, we’re aiming to spread that message to all financial service providers. We share proven techniques for creating growth, healthy returns, and value creation in a responsible manner that is easily comprehended by professionals in this sphere,” says CEO Pasham.
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