All family offices may be different, but when it comes to accounting, they struggle with one or all of the triple As. Family offices receive data in different formats from various suppliers, which makes it challenging to bring all the information into one place accurately, accounts payable turnover ratio timely, and securely. A service provider like Elysys can help aggregate all custodian accounts into one location. By connecting to banks and brokers, it can automate transaction flows and generate consolidated reports spanning all portfolios. General accounting software is great for small mom-and-pop operations linked to one business bank account. They invest in private companies, manage trusts, and have onshore and offshore foundations.
Registered Investment Advisors
However, many family offices report feeling “less-than-adequately” invested in technology, with a significant portion indicating plans to enhance their digitization strategies in the coming year. Founded in Zurich, Switzerland in 2017, ORCA’s software offers data aggregation, reporting, document management features, and more. Orca was specifically built to deal with tax, legal, and compliance obligations for anyone who manages or owns ownership structures. Masttro serves single- and multi-family offices, wealth professionals serving wealth owners, and larger institutions. Offering a holistic view of your wealth, the platform helps with portfolio and task management, secure sharing and storage of documents, and easy integration with other tech platforms.
The platform provides real-time analytics and helps track the impact of investments, supporting family offices in meeting their ESG objectives. Family offices often struggle to integrate multiple software solutions into a cohesive tech stack, leading to operational inefficiencies. Many offices use separate platforms for portfolio management, reporting, and CRM, creating operational inefficiencies due to siloed data.
- Choose the support you need, when you need it — investment support, general ledger assistance, investment management support, and more.
- Whether it’s consolidating diverse assets, analysing their performance and costs or facilitating multi-generational wealth planning, the right software can significantly enhance operational efficiency.
- The platform provides real-time analytics and helps track the impact of investments, supporting family offices in meeting their ESG objectives.
- By centralizing and consolidating your data, Aleta empowers you to unlock a goldmine of insights to skyrocket your wealth strategy.
How state-of-the-art automation is modernizing the family office
“LemonEdge have designed a product geared to handle the complex structures of private equity managers and which we believe will enhance Sycamore Partners’ ability to meet the increasing information requirements of our partners. Get unwavering confidence in wealth growth and preservation with our next-generation software for family offices. In order to offer the best family office software solution, we’ve developed a family office app, crafted with the next generation’s high expectations for design and functionality in mind.
Model the future with LemonEdge Canvas Technology
This is particularly critical for global family offices due to diverse regulatory environments. Regular security audits and staff training are essential, with 17% of family offices identifying cybersecurity and risk management tools as the most beneficial technology to integrate. The SS&C Black Diamond Wealth Platform is part of SS&C Advent, a division of SS&C Technologies.
PointGroup offers a cutting-edge platform for Investment Data Intelligence (IDI), specifically designed for family offices. Its platform aggregates, analyses, and shares data across asset classes, providing a single source of truth for decision-making. The system helps family offices streamline data management, automate reporting, and enhance client engagement through real-time analytics and integrated solutions. Ledgex offers a powerful wealth management platform for family offices, focusing on portfolio management, reporting, and decision-making tools. It is known for its ability to handle multi-asset portfolios and provide advanced analytics to track performance and risk across various investment strategies. Kiski offers an integrated portfolio analytics and risk management platform, designed to help family offices manage wealth efficiently.
Avoiding the re-keying of data creates an efficient, effective, automated single source of truth across your data model for complex multi-generational family office operations. Our software has multiple options for reporting to the family or their advisors, including traditional email reports, a fully integrated secure reporting portal, or by feeding encrypted reports/data to family or advisor systems. The emergence of new wealth and an increasingly complex business environment have driven the recent growth of single family offices. Automatically consolidate data across entities, asset classes, custodians, managers, currencies and geographies for powerful financial analysis and reporting.
Turn your data into actionable insights and drive exceptional outcomes with our family office wealth management software – built for family offices by family offices. Family office software offers a comprehensive solution to eliminate data disorganisation by centralising data storage, automating tasks, enhancing security, facilitating analysis, and streamlining communication. It includes a full general ledger, accounts receivable, accounts payable, inventory management, and crypto asset management. In addition to the usual standard data security capabilities, the LemonEdge data ‘safes’ concept guarantees the complete isolation of datasets across the clients of multi-family-office services providers. Automate data flow to and from LemonEdge with any other system or data source with our comprehensive encrypted API toolkit.
It provides a holistic overview across all asset classes, including a dedicated private markets module. By combining data aggregation with intuitive insights, Aleta helps family offices seize control and increase productivity. Focusing on next-generation demands, it prioritizes design and user-friendliness, offering a modern on-the-go app and sustainability insights.
