For many family offices, achieving a single source of truth in accounting and investment reporting is as elusive as a pot of gold at the end of a rainbow. But it doesn’t have to be like that. “Get the general ledger right and invest in purpose-built software,” advises Ashley Whittaker, President, Global Sales at FundCount….
The Need for Speed: How Client Reporting is Transforming Asset Management
On February 12, 2020, the Dow Jones Industrial Average (DJIA) reached a record high of 29,551. By March 23rd – a mere 27 trading days later – it had plummeted nearly 11,000 points. Investors relying on month-end or even weekly reports to make reallocation decisions and hedge risk were already too late. By the time…
5 Best Practices for Sailing Through Your Next Software Upgrade
Software development is dynamic – constantly evolving and moving forward. While minor software updates may add a new report or new feature, major software releases upgrade your existing version of the software and prevent it from becoming stale. In addition to patches and bug fixes, major releases can include new or significant enhancements to the…
Accurate and Robust Portfolio Accounting – The FundCount Way
Ashley Whittaker, President, Global Sales at FundCount, talks to Tom Burroughes, Group Editor of Family Wealth Report about its successes. What sets you apart from your peers this year and why? FundCount continues to be a leading provider of wealth management solutions to family offices, which is a major sector for the company, representing one-third…
General Ledger: Easy to Overlook, Impossible to Ignore
The general ledger is such an integral part of any accounting process that it is sometimes easy to overlook the power it wields. Information from the general ledger is used to create the income statement, balance sheet, and other reports that provide a window to a firm’s financial health. These reports in turn can impact…
3 Ways to Reduce Software Implementation Risks
Any wealth or asset management firm that has undertaken a vendor search and implementation project for new software knows firsthand how involved the process can be. There is a lot of risk on the line. After all, you are implementing specialized software that will become the foundation for running a complex business. This is particularly…
Why are Family Offices Still Searching for a “Single Source of Truth”?
Accounting and investment reporting are notorious pain points for family offices, but this needn’t be the case if technology is configured specifically for their needs. Ashley Whittaker, President, Global Sales at FundCount, explains why family offices really can achieve a single source of truth if their data and systems are organised in the correct way….
Four Small Factors With a Huge Impact On Family Office Decisions
You are ready to adopt a software suite for your family office in order to address growing technological need and to stay competitive and efficient in a fast-changing investor landscape. The good news is you will find you are spoiled for choice. There are a large number of developers and providers ready to offer robust solutions that…
Four Make or Break Fund Accounting Solution Elements
Staying competitive and efficient in a fast-changing investor landscape are primary concerns when selecting fund accounting solutions designed for fund administration. Price is important, of course, but so too are economies of scale, the ability to produce creative, detailead and compelling reports without being limited by data access issues. In these terms, navigating the wide…
