USA-based Private Wealth Systems provides the digital infrastructure that powers modern family offices across the world. The platform is able to support even the most complex nested ownership structure through its capturing, correcting, calculating and presenting of actionable information across asset classes and currencies. Our family office software platform is designed to bridge the gap between family office accounting and investment teams, providing a single source of reporting data. In Simple’s latest family office software and technology review, it’s easy to see the trajectory of this landscape.
ZarMoney is worth considering for finance and accounting teams that want to automate expense tracking and management. The software offers the flexibility to define unique expense entry fields and tag transactions to specific expense categories. Users can also integrate the payable calendar to sync tracked expenses directly to payment schedules and deadlines. Small-business finance and accounting teams that often deal with the complexities of VAT due to international operations, e-commerce sales, or digital goods could benefit from AccountsPortal’s VAT management feature.
[+] been more pressing and possible to find and implement the right solutions in the private wealth sector. Allvue’s industry-leading solutions can help your business break down barriers to information, clear a path to success, and reach new heights in alternative investments. Options for locally deployed family office servers, or private cloud infrastructure, or ‘safes’ for multi-offices. Move cash, manage intercompany transactions and transfer securities and equity through a suite of easy-to-use accounting tools designed for complex capital movements.
- Strategically selecting the right family office software that can scale to meet both your current and future requirements is vital.
- Swiss-hosted Altoo is a wealth platform that empowers family offices to consolidate and interact with their complete and often complex wealth data simply and intuitively.
- It also allows for the storage of information that needs to be accessible for extended periods.
You can connect your bank accounts to automatically import all transactions in the bookkeeping module. You can even automate the process of calculating and tracking taxes and generating tax reports for filing. Portfolio management and consolidated reporting systems form the backbone of cash and public asset portfolios. Most are lacking in alternative investment functionality and need to be supplemented by systems that keep track of the alts portfolio. Instead of relying on one-size-fits-all software, you can personalize your Sage Intacct products to fit each family’s needs.
Client Success Stories
The Archway Platform unifies comprehensive accounting and investment detail within a single platform. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Each category has particular technology and software needs based on agility, entrenched processes, focus range, and more. The review explores these in-depth and identifies where opportunities for various role players and suppliers lie in this regard.
- One integrated platform provides the comprehensive, timely accounting solutions you require.
- Themed “Establishing a Family Office – Key Challenges and Consequences,” the event curated a rich exploration into the complexities of family office dynamics.
- They depend on you to effectively manage their investment portfolios and guide them on the best path forward.
- Intuitive, digital investment admin that tracks data from all private investments in a single platform.
The latter is a pretty daunting thought considering how time and resource-intensive software selection and implementation can be. Back office and accounting systems offer a variety of accounting functionality, which may cover GP accounting, trust accounting and other specialized modules. Beyond Sage Intacct, leverage the best-of-breed technology solutions for top-notch decision-making. Sage Intacct’s dimensions foundation offers a simple way to track and report on each of your entities. We convert data into intelligent insights, providing actionable guidance to optimize your strategic planning.
Global Asset+ by Lombard Odier
At Eton Solutions, we’re transforming the family office of today, and reimagining the family office of tomorrow. We help Wealth Managers, Investment firms, Banks, Insurance companies, Brokerages, and many others to launch modern digital investing and saving propositions, and to improve their existing platforms. AdvisorEngine provides the tools advisors need an overview of excise tax to scale more efficiently and compete more effectively. We provide a true partnership with Family Offices and Wealth Management Firms needing to communicate a clear, well organized and professional story to each of their clients. Transform your investors’ digital experience with a branded look and feel, customizable dashboards and secure document sharing.
FA Solutions
All data/processes, including those brought in from offline Excel, fully audited then time-stamped. Create greater transparency by centralizing the family office’s financial information in a single place. The Archway Platform features intuitive budgeting and cash flow forecasting tools to create multiple budgets and cash flow estimates at the entity, account, sub-account or individual level.
Single Family Offices
WIZE by TeamWork focuses on providing an intuitive user experience, rich and performing functionalities, and a transparent pricing model. Based in the USA, Addepar is a wealth management platform that infuses complex financial information with transparency. By connecting data, technology and people, it facilitates informed decisions through actionable insights and tailored reporting allows multi-generational family offices to achieve their objectives. Forest Systems provides comprehensive wealth management and accounting software solutions that streamline the most complex financial reporting processes without missing a digit. SEI Archway Platform℠ and outsourced services streamline the accounting, investment data aggregation and reporting operations of family offices and financial institutions.
It’s perfect for institutional investors who allocate to hedge funds, private capital markets and traditional asset classes. Northern Trust is a preeminent global financial institution that provides asset servicing, investment management and wealth management services for institutions, high-net-worth individuals and families. AgilLink provides secure bill pay and client accounting technology to firms that serve ultra-high-net-worth individuals, including family offices, business managers, and athletes. WealthArc is a digital wealth platform that helps wealth managers and family offices to drive
workflow automation and client satisfaction. This offering has a minimum deal size of €250,000 and allows family offices direct investment opportunities without the exorbitant fees that investment advisors or private equity firms command. USA-based Accordia Group’s RUBY provides a customizable technology platform that enables business intelligence, risk management and diversification while saving clients time and money and allowing them to focus on strategy.
The scalable platform allows clients to select the features they need immediately, but with the functional coverage they need to grow as their businesses do. Developed by the Monaco-based company that pioneered Microsoft’s next-generation ERP application, Elysys is a secure, cost-effective, scalable and integrated enterprise software for financial services organizations. It serves global, mid-market treasury and investment management professionals working under several regulatory and compliance frameworks. USA-based Allvue Systems is a software solution providing flexible and customizable accounting, monitoring and reporting. Designed to support family offices of any size or structure, their solutions eliminate the boundaries between systems, information and people by creating an adaptable investment software system. Selecting the right software is one of the most critical and daunting tasks businesses face.