Customizing a Static Environment

Introduction

In this example you will create a very simple static environment and use it to initialize a fund with only two partners, with each having a commitment of $1,000,000 and an initial closing date of January 1st, 2018.

Later you will use pre-saved example events to fully illustrate the various actions and reports available in the system. The example events include a follow-on (or secondary) closing where you expand the number of partners to four, and a number of Transfers of Interest where you add two new partners using that method.

Restricting the exercise to only two partners may seem overly simplistic. However, this simplicity will allow us to validate more easily the results of the events we will ask the system to process.

But, first you’ll need to access the system.

Logging In

When you navigate to the home page for the first time you will see something similar to the image below

Now, click on the sign-in link to proceed to the actual login page

If you’re a Google user and have already registered with the system using that account you should be automatically logged in and redirected to the application’s home page.

If this is not the case, you can select a local user from the two available on the login page, admin@timpsongray.com or user@timpsongray.com. After clicking on one of those you will be taken to the application’s home page.

From there you will have access to all the system’s functionality using either the links on the page or the menus visible in the top left corner of the page. Note that the currently active user is indicated in the top right corner of the page along with a button you can use to log out when you’re done.

To begin customizing your static environment, click Create/Load/Save Static Environments in the middle panel, or select the Environments option in the first of the three slide-out menu bars at the top of the main interface. This will take you to the main environment management page, as shown below:

As explained in the previous section, when the system first starts, it initializes the :current and :pending environments using the default static environment :main. This is reflected by the message in the top panel. A static environment that is in use is subject to certain editing restrictions not applied to unused static environments.

For purposes of this walk-through , the simplest course of action is to clone the :main environment and adjust it for your needs. This can be done using the Clone Static Environment action, available in the second of the four visible panels.

Simply enter the name of a new static environment (you’ll use simple), and click on the Copy button to the right of where you entered the name.

If everything went successfully you’ll see something similar to the following in the panel.

If not, an error message will be displayed. A common mistake is to try to create an already existing static environment, which is not allowed. If you want to reuse a name, you must first delete the existing static environment using the top panel on the Environments Management Page.

Now you must ensure that the newly created simple environment is made the currently active static environment. This is done using the top panel.

Select simple in the drop-down, and then click on the Load button to the right. (You can also use this panel to delete existing, unused static environments).

Once the environment has been loaded you’ll see an indication of that in the message panel, as shown here:

Now, edit your newly create environment so that you have commitments for only two partners. (Recall that the default :main environment contains four partners).

Click on the Hamburger icon to display the main slide-out system menu

and then select Commitments. You will be taken to a page that displays the initial commitments defined in the currently active static environment (at the moment that’s simple, as indicated by the blue message box display on the page).

Here you can see the initial commitments for the four partners that were copied from :main. Use the icons (with the red X) next to partners p-003 and p-004 to delete them, and click the Save button. Of course, should you wish, you can also add initial commitments from this page. Just click on the blue + sign at the top of the grid. You’ll then see a dialog into which you can enter the new partner’s details. This is not necessary for our current exercise.

If the save was successful you will see a message similar to the following

and you’ll be returned to the Initial Commitments page where your changes will be visible.

Click on the Timpson Gray logo at the top of the page to return to the application’s main navigation page. (Or select Home from the slide-out menu).

Now it’s time to initialize a pair of new working environments for your test fund using your updated static environment simple.