AI-Assisted Wire Account Creation - Carta Release Notes - Product Updates

AI-Assisted Wire Account Creation

Say goodbye to manual data entry—our new AI-Assisted Wire Account Creation feature uses advanced automation to handle the heavy lifting for your wire setups.

Why is this valuable?

Managing your banking details should be effortless. With AI-Assisted Wire Account Creation, you no longer have to struggle with cross-referencing messy wire instructions, guessing how to map nuanced data points to Carta's wire form, or entering the information manually.

With this new feature, you can simply upload your bank's wire instructions in PDF or image formats, and let our system handle the rest:

• Automated Data Extraction: Our system instantly extracts the relevant financial information and pre-populates the appropriate fields for you.
• Eliminate Manual Errors: By removing the need for manual data entry, this feature prevents typos, missing fields, or formatting mistakes before they cause processing delays.
• Streamlined Workflow: Complete your wire account setup with significantly greater speed, ease, and confidence.

Who is this available for?

AI-Assisted Wire Account Creation is now available to all Fund Administration clients and their investors. To get started, simply navigate to your Payment Settings section and upload your bank's wire instruction document to see the auto-population in action.

Sanida Carroll