Your offer documents need to be 100% right, but the process is often painful, time-consuming and prone to error.
PDSs, TMDs etc are viewed by most businesses as like getting through security at the airport. We all know it needs to be done. We know that it's a process, and it's not something we look forward to.
We also know different airports have different systems and technology to make the process faster, and more efficient. It’s the same for PDS management.
As a fund manager or super fund, you want to ensure that PDS rolls have minimal risk, disruption, and errors. Making any changes to your process is about more than just your tech. It requires understanding your environment, communicating collaboratively to engage your stakeholders, and then fixing the issues so you replace friction with flow.
At Mayflower we share the same goal. Efficient PDS rolls without complication.
While we make use of industry-leading software, we believe a detailed process review combined with effective change management is the key enabler of a successful PDS strategy.
When you tap into our experience, you make life easier for you, your people, and, most importantly, your business.
Let’s get rid of the frustration and time wasting.
Connect with us to discover how.
Mayflower PDS Management Service
Key benefits of the Mayflower PDS management service
Reduced overall risk
PDSs are all about risk management – they have to be 100% correct, there is absolutely no room for error. The Mayflower process removes the following risks:
Incorrect information finding its way into the documents when they are created
Inconsistency because changes have not been made properly across multiple documents
Risk of something not being verified
No potential for errors occurring in the typesetting process
Easier time & risk management for each DUE DILIGENCE committee member
Due Diligence Committee members can verify (and lock away) individual components and text blocks at any time, rather than being required to read through and confirm accuracy of hundreds of pages at the end of the process, often within a few days.
Speed to market
A typical due diligence process can take months. The Mayflower process can be done within weeks if required, while still maintaining the full verification process and a high level of risk management.
No typesetting required
Typesetting can easily run to tens of thousands of dollars, but typesetting is simply not required using the Mayflower process – your branded template is meticulously set up in Keystone so that the final verified content is output directly as a fully designed, ready to use document.
Going straight from the source to the final template also eliminates the risk of errors occurring during the typesetting process.
As well as cost savings, there is also a considerable time saving since typesetting typically takes a few weeks.
Improved record keeping/corporate knowledge
The standard process starts with new word documents each roll. The Mayflower process maintains corporate history and comments against every section so the process is not dependent on any particular person "remembering why we made that decision last time".
The Mayflower process includes a full audit trail which means internal/external auditors can quickly and easily verify that the due diligence process has been followed.