Alethia vs Commenda

Alethia is entity management software for private equity, funds and investment managers, keeping entity records, ownership, documents and compliance information together. Structure charts use entity and ownership records and export to PDF, PowerPoint or Excel. The deal pipeline tracks six stages and can create a draft holding entity at Heads of Terms. Its funds-flow workflow checks whether sources and uses reconcile; someone other than the preparer must approve release. Incoming KYC requests are divided into requirements with proposed answers and identified sources, and each answer needs human approval. Alethia records bank accounts, signatories and mandate controls, but does not move money or show live payments. Entities and key fields can be imported from CSV. Two-factor authentication is required for all users, and material changes enter an append-only audit trail. The free plan covers five managed entities. Registry is listed at £1,000 per year, billed yearly at £12,000, excluding VAT, with a 12-month commitment and 100 active entities included; additional entities cost £10/month each.

Commenda provides transfer pricing policy, benchmarking, documentation, and filing services through web and API access. Its policy work maps intercompany transactions, selects methods by transaction type, and documents functional analysis to OECD BEPS Action 13 standards. Benchmarking uses commercial databases to establish arm’s-length ranges with interquartile analysis, median and tested-party positioning, and documented search methods. Documentation can include a group Master File, jurisdiction-level Local Files, and Country-by-Country Reports where required. The service tracks deadlines by jurisdiction and prepares disclosures and CbCR notifications. Commenda says annual benchmarking refreshes, policy reviews, and Local File updates are included, with a complete draft package delivered in about four weeks. It advertises more than 100 integrations, including NetSuite, SAP, QuickBooks Online, Xero, Stripe, and Shopify, plus REST API and custom integrations. Pricing is paid, from $1,500; a typical first set is priced on request.