Explore our annual conference and other commercial partners. You can watch recordings of their live demos in our library. Find more information about the firms and links to interviews with their senior leaders by clicking on the logos below.
TECHNOLOGY DEMO PARTNER LIBRARY
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Integrated Accounting Systems
Also see our in-depth report here.
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About Integrated Systems
Integrated systems offer the ability to provide multiple accounting services, be it portfolio accounting, partnership accounting, general ledger accounting. As the complexity of your accounting needs increases, the value of the integrated approach grows. However, the implementation time, cost and risks also increase. Planning, staffing, training and alike all need to adjust accordingly.
We've included in this group systems that manage four or more out of the six accounting types like cost accounting, tax preparation and adjustments, fair market value (unrealized gain loss) reporting, ownership/partnership accounting, omnibus cash management, and trust accounting (principal and income).
General Ledger, Accounting, Bill Pay
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About General Ledger, Accounting, Bill Pay
The general ledger is a key record of all financial transactions in a family office, acting as the foundation of its accounting system. It supports the creation of financial statements and reports necessary for managing investments, tracking expenses, and making strategic decisions, by accommodating a broad range of assets and transactions.
Bill pay and accounts payable refer to managing outgoing payments including personal and household bills as well as business obligations. There are a number of specialist technology and outsource solutions designed to streamline the bill payment function.
Portfolio Management and Reporting
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Portfolio Management and Reporting
One of the most valued features of these systems is the tracking and aggregation of financial data from various sources into a single, comprehensive report. This includes investments across multiple asset classes (traditional and alternatives), bank accounts and other holdings, providing a complete picture of the family’s financial status.
These systems typically offer detailed performance analytics for various investments and over time, comparing them against benchmarks. They can also include analyses of the portfolio’s exposure to various risks, helping the family office to make adjustments.
Other Systems
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Family offices leverage various types of technology to streamline operations, enhance decision-making, and secure assets. These technologies, when effectively integrated, enable family offices to manage their complex and multifaceted operations more efficiently, securely, and strategically.