Formidium is a leading global fund administrator, investment back-office technology solutions provider, and a licensed CPA firm. Based in Downers Grove, Illinois, Formidium’s tax team of more than 50 individuals provides tax reporting services, such as filings and schedule K-1 reporting for fund managers and their investors, to over 350 clients for tax services.
The firm leverages two applications: Seamless and CommonSubDoc. Seamless is a web-based fund accounting application integrating portfolio, fund accounting, and investor reporting. CommonSubDoc is an investor onboarding portal with extensive AML/KYC features and capital activity tracking as well as a CRM solution. Formidium’s operations and technology are SOC 1, SOC 2, and SOC 3 audited, and it currently has over 1,000 staff globally.