Key Result: By automating Delaware Business Entity Tax filings for 24 entities, TriplePoint saves 8+ hours of manual administrative work annually - eliminating repetitive filings while gaining complete visibility into entity compliance.

About TriplePoint Capital

TriplePoint Capital is a leading global financing platform for high-growth companies, providing flexible, non-dilutive venture debt and equity solutions. With entities registered across numerous states, maintaining compliance is a critical, but historically time-consuming, part of the company's operations.

The Challenge

Before implementing Discern, TriplePoint managed its compliance through a combination of registered agent providers. The experience was fragmented and difficult to manage.

Compliance notifications arrived inconsistently. Some invoices were mailed, others were emailed, and annual report reminders often didn't arrive until after filing deadlines had passed. In some cases, the team only learned an entity had fallen out of good standing after receiving a notice directly from the state.

For Denise Arjona, Accountant at TriplePoint Capital, who managed the majority of the company's entity compliance work, the process was highly manual.

"Everything required logging into individual state portals, tracking deadlines manually, and making payments entity by entity."

Annual reports were not automatically handled by previous providers and often required separate services and additional fees. Payment requests also weren't integrated into TriplePoint's accounts payable workflow, creating additional administrative work.

As TriplePoint's portfolio of entities grew, so did the time required simply to keep registrations compliant.

The Solution

Discern consolidated TriplePoint's entity portfolio into a single platform, giving Denise one place to manage every entity, filing, deadline, and compliance status.

Instead of juggling multiple providers, state portals, mailed notices, and email reminders, she now has complete visibility into every registration and upcoming requirement through a centralized dashboard.

The biggest operational improvement came from Discern's Auto-File functionality.

Eliminating Manual Delaware Tax Filings

TriplePoint currently maintains 24 Delaware LLCs and LPs, each of which requires an annual Delaware Business Entity Tax filing.

Previously, Denise completed every filing manually by:

• Logging into the Delaware Secretary of State portal

• Selecting the correct entity

• Completing the filing

• Submitting payment

• Repeating the process 24 separate times

Discern now files these taxes automatically on TriplePoint's behalf.

Assuming each filing previously required approximately 20 minutes, Discern eliminates roughly:

• 24 manual filings every year

• 480 minutes of repetitive administrative work

• More than 8 hours saved annually

• The equivalent of an entire workday returned to the accounting team

Beyond the measurable time savings, Discern’s Auto-File functionality removes the risk of forgetting a filing, eliminates repetitive state portal logins, and allows Denise to focus on higher-value work instead of recurring compliance tasks.

The Results

Since implementing Discern, TriplePoint has significantly simplified entity compliance while reducing administrative overhead.

Outcomes

• 8+ hours saved annually through Delaware Auto-File alone

• Centralized visibility across every entity and jurisdiction

• Confidence that registrations remain in good standing

• Consistent compliance notifications in one system

• Elimination of repetitive state portal logins and manual filing work

• Reduced administrative burden on the accounting team

Customer Perspective

For Denise, the greatest benefit is confidence.

Rather than wondering whether a filing has been completed or worrying about inconsistent reminders, she knows every entity's compliance status is available in one place.

"Discern has been a game changer. I know all of our states are current, and I no longer worry about missing notifications. Having everything centralized gives me immediate visibility into the status of every entity."

Looking Ahead

As TriplePoint continues to grow its entity portfolio, Discern provides a scalable compliance platform that grows alongside the business. By automating repetitive filings and centralizing compliance management, TriplePoint can spend less time on administrative work and more time supporting its core business.