Videos de Sexo > Bookkeeping > The 2023 Family Office Software And Technology Roundup

Founded in 2017, Altoo helps individual wealth owners, family offices, fund managers, and advisors consolidate bankable and non-bankable assets, monitor asset allocation, manage documents and tasks, and manage risks. With our family office software solutions, we automatically and securely collect all your financial data regardless of the type, entity, or currency and present them in one intuitive platform. RSM, a global assurance and tax consulting firm, can advise on the best technology available today. These services range from accounting, tax compliance, and management reporting to IT solutions. When selecting family office software, some features that one must look for include a comprehensive reports and analytics suite, security measures, and workflow automation, among others. Easily access accounting and tax information with Asora’s tranche lot accounting feature, streamlining your reporting processes and tracking investment assets’ book cost.

It offers advanced tools for portfolio management, client onboarding, and regulatory compliance, with an emphasis on AI-driven analytics and real-time data integration. PetakSys specialises in digital transformation for family offices, offering custom software solutions to automate workflows and streamline financial reporting. Their platform integrates complex financial data, helping family offices enhance efficiency and reduce manual workloads. Asora provides a SaaS platform for family offices, focusing on tracking private and liquid assets through automated data capture and reporting. It consolidates all financial data into a single dashboard, improving operational efficiency and reducing the need for manual data entry. Sage Intacct offers cloud-based accounting solutions for family offices, providing automation tools for financial reporting, multi-entity accounting, and compliance.

These platforms help family offices assess their portfolios’ sustainability metrics and align their assets with family values. While various digital tools offer integrated sustainability data and detailed reports on investments’ social and environmental impact, family offices, especially next-gen investors, are expected to drive further adoption. Asora is a SAAS solution for single and multi-family offices to track and oversee assets, automating data capture and providing digital on-demand reporting on the web and mobile. The Swimbird Platform (SWIP) is a portfolio management solution offering users a holistic view of their entire portfolio. SWIP aggregates and visualises portfolio data, including assets and liabilities – all in real time.

A Shift Towards Private Markets

It enables family offices to manage complex financial structures efficiently, reducing operational overheads. AgilLink, part of the Datafaction platform by City National Bank, provides accounting and bill payment software tailored to family offices and high-net-worth clients. It offers secure data aggregation and workflow automation, what is negative goodwill and its accounting treatment helping streamline payment processes and ensure financial data integrity. Velvet provides AI-driven tools designed to assist venture capital firms and family offices with automating administrative tasks.

Family offices require tools that not only manage assets but also handle reporting, regulatory compliance, and client relationship management. The ecosystem now comprises established industry players and innovative newcomers offering niche solutions. Family offices are diversifying into private markets like private equity, venture capital, and real estate. Using dedicated platforms for private market investments helps streamline processes and improve asset management.

Future-Proofing Family Offices: Embracing AI for sustainable growth

Osyte is a unified portfolio management platform designed for multi-asset investors, including family offices. It offers asset allocation, rebalancing, and trade management tools for both liquid and illiquid assets, with capabilities for liquidity and cash flow management, as well as integrated compliance and risk management. IQEQ offers global administration, compliance, and reporting services for family offices, with a focus on complex multi-jurisdictional structures. Its platform integrates asset management, tax reporting, and governance tools, helping family offices manage international operations. SumIt Software provides a platform for managing accounting and financial operations for family offices. It integrates with leading third-party solutions, offering comprehensive tools for managing complex financial structures and simplifying reporting processes.

Manage Intricate Entity Ownership Structures

1. WealthBrain is a fintech platform focused on enhancing wealth management services for family offices.
2. The platform helps family offices streamline their workflows, from compliance management to portfolio tracking.
3. Turn your data into actionable insights and drive exceptional outcomes with our family office wealth management software – built for family offices by family offices.
4. By addressing operational inefficiencies, it replaces manual processes with streamlined automation.
5. Its platform connects family offices with banks and lenders, simplifying money movement and liquidity management across multiple jurisdictions and family members.
6. Canopy offers a customisable wealth management platform designed for family offices, aggregating data from multiple sources, and providing real-time reporting and performance analytics across asset classes and currencies.

Embedding your office’s workflows into AtlasFive® can expedite all functions a family office provides to its clients. Nines is a property and household management platform, specifically designed to help family offices handle administrative tasks, including managing estates, vendors, and assets. The platform provides a single dashboard for organising property-related information and coordinating operational activities. With economic uncertainty, offices need improved day-to-day insight and analytics for their investment portfolio strategies to be effective. Ledgex, an accounting platform for family offices, offers advanced analytics and richer reporting with tight integration with proven accounting tools to help you achieve your investment goals.

Advanced Family Office Reporting

PCR is a leading provider of data aggregation services for family offices, offering solutions that consolidate complex asset data from various sources. Its platform simplifies the management of alternative investments and illiquid assets, enabling better oversight and more accurate reporting. Flanks, based in Spain, specialises in portfolio aggregation and reporting for family offices. The platform integrates data from multiple custodians, providing a unified view of assets.