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Similarly, family members would appreciate a comprehensive real-time view of their financial position. It is also vital for key decision-makers to collaborate on investment decisions, which requires software that can be accessed remotely from multiple devices. Streamline your family office’s bill payment and expense management functions using built-in check writing, ACH and wire payment methods, comprehensive expense reporting and sophisticated bill payment approval structures. The Archway Platform’s award-winning accounting tools are used by hundreds of accounting professionals to manage complex family offices across the globe. Seamlessly manage sophisticated family office ownership structures including master-feeder, fund-of-funds and nested entities to provide clear, concise look-through reporting across individuals, households and generations. Streamline document management by linking them directly to assets, accounts and entities, adding personalised tags and securely sharing through platform.

Uncompromised Security

Therefore, your office should be the central hub that service providers plug into, not the other way around. Tailor a custom multi-currency chart of accounts across entities that aligns with your internal family office operations and reporting. Family offices have different goals and resources, which is why we offer comprehensive service options to our clients. Choose the support you need, when you need it — investment support, general ledger assistance, investment management support, and more. Future-proof your family office with EtonGPT™ The leading integrated and secure family office Generative AI solution to assist family office staff with complex cognitive tasks.

It offers portfolio consolidation, real-time reporting, and asset tracking across various financial institutions, helping users gain a holistic view of their wealth. Keesystem’s KeeSense platform is designed for family offices and wealth managers, providing solutions for portfolio management, compliance, and client relationship management. It integrates data from multiple sources and automates administrative tasks, improving operational efficiency. Masttro delivers a cloud-based platform for family offices, enabling them to track wealth portfolios in real time. It offers tools for managing private assets, cryptocurrency, and traditional investments, while prioritising security and custom reporting to meet the unique needs of high-net-worth families. AFO™ delivers rolled-up financial reporting, ad hoc reports, and other status reports such as total net worth in near real-time, enabling data-precise wealth management.

Remove the risks associated with offline Excel spreadsheets.

It simplifies wealth management by automating data consolidation and enhancing the accuracy of portfolio analysis. DAPM offers solutions for managing financial data total revenue formula and streamlining workflows for family offices. Its platform supports data aggregation, compliance management, and investment reporting, enhancing operational transparency and efficiency. QPLIX delivers SaaS solutions for family and investment offices, wealth management, banks, and asset managers. The software maps liquid and illiquid asset classes, and accommodates various client structures, consolidating all investment data into the database. Addepar empowers family offices, financial advisors, and individual wealth owners to use data to make informed decisions.

1. The Archway Platform’s easy-to-use reporting tools deliver actionable insights into your family office’s financial data.
2. Highly awarded and trusted by hundreds of wealthy families, SEI’s Archway Platform has a history of leading the way in wealth management technology.
3. It’s helpful to work with trusted advisers and specialist firms when choosing accounting software.
4. 70% of service providers stated their clients want individually tailored solutions, demanding solutions that fit their needs precisely rather than making do with off-the-shelf offerings.

Can I manage both liquid and illiquid assets on the platform?

By choosing the right accounting software, you can streamline operations and free up time for important tasks. Family offices are infamous for the sheer volume of manual data entry and the use of Excel spreadsheet workarounds. Automation is needed to eliminate time-consuming manual processes that lead to delays and errors. A good example is BILL, a secure cloud-based platform that significantly reduces manual work regarding bill payments.

Hemonto provides modern, consolidated reporting across all asset classes, including private markets and collectibles. Offering both a user-friendly app and desktop platform, its intuitive interface is backed by a dedicated team, ensuring data management and quality assurance for confident decision-making. Hemonto also delivers customized reporting and peer-group insights and can tailor their services to individual needs. It enables users to organise estate operations, assets, and vendor relationships in one centralised system, improving operational efficiency and collaboration across teams responsible for high-net-worth assets. Proof offers a platform designed for ESG data collection and reporting, enabling family offices to develop sustainability strategies.

73% noted the demand from family office clients for better integrations within their existing product suite. 73% of providers reported that clients want feature updates, with some of the commonalities being mobile apps, enhanced dashboards and API updates. This tied in with the number of firms in the process of expanding their service offering and updating their existing platforms to increase functionality, which was at 76%. For more than 20 years, we’ve been fortifying family offices’ financial data with impenetrable confidentiality and protection.