FAQ: Secure Data Submission - Automated Upload

TheMIportal provides a secure method for companies to share their financial data directly with their investors and lenders.

Why does this functionality exist?

To provide a secure and confidential way of submitting financial data to stakeholders without the need to extract data from an accounting system and without the need to produce a manually intensive Excel or PDF based document.

How does it work?

Investors or lenders log into theMIportal's secure platform and invite a company to share its financial data. This sends an automated email to the company, typically addressed to an individual with access to the company's accounting software. This individual can then proceed to share financial data with theMIportal by following the instructions in this email. This involves clicking on a secure link and following a short sequence of instructions to allow access to the company's accounting data.

What accounting software can theMIportal extract data from?

TheMIportal currently supports connectivity with the following accounting software:

• Microsoft Dynamics Great Plains

• Microsoft Dynamics NAV

• Microsoft Dynamics 365 Business Central (On-premise)

• Pegasus 2

• Pegasus 3

• QuickBooks Desktop (Canada)

• QuickBooks Desktop (UK)

• QuickBooks Desktop (US)

• QuickBooks Online

• Sage 200 (On-premise)

• Sage 100 (Standard/Advanced)

• Sage 300 (CRE)

• Sage 300c (Previously called ERP and ACCPAC)

• Sage 50 UK (On-premise)

• Sage 50c UK (On-premise)

• Sage 50 Canada (Simply)

• Sage 50 US (Peachtree)

• Sage Business Cloud

• Xero

Is it safe to share my accounting data ?

Yes. At theMIportal we utilise Microsoft Azure, the largest and most respected cloud hosting provider. The Microsoft Azure infrastructure features strong safeguards to protect customer privacy. All data is stored in highly secure Microsoft Azure data centres and data transmissions are encrypted. Access to theMIportal is restricted to authorised users using industry-standard techniques.

Is it data treated confidentially?

Yes. Financial information submitted to theMIportal is made available to the company's investors or lenders that it is intended for. Investor and lender system Administrators manage their own access levels and also to restrict data access to specific individuals. TheMIportal does not share financial data with any other parties. The processing of private data is in accordance with our Privacy Policy.

What data do we extract from your accounting software?

We extract the company's historical General Ledger data.

How is the extracted data used by theMIportal?

The extracted data is used to generate financial analytics reports for investors and lenders.

Will companies still need to provide management information to their lender?

Possibly. This is a matter to be agreed by the company and its lender. Initially we expect that lenders will continue to require periodic MI from businesses. Subsequently we expect lender requests to become more focused on management commentary rather than financial analysis. We would also expect fewer requests from lenders for supporting financial analysis.