One of the frequently asked questions of the FundCount sales team is, “How much time is this implementation going to take me?” We love this question! It is key to any successful implementation. Our expert implementation colleagues can suggest an answer once we are engaged with a client, but the underlying substance of this question…
The Pitfalls of Family Office Software Procurement
When it comes to running a smooth ship, family offices many times end up frustrated by a natural inertia that commonly occurs over the years. The multiplicity of asset classes, and the proliferation of entities over time, creates stress for family office professionals and the systems they operate with. Systems end up cobbled together from…
Essential Elements of a Portfolio Accounting System
Portfolio accounting systems are comprised of software that helps financial professionals track, evaluate, and report on the value of complicated investments. Asset managers, fund administrators, family offices, hedge funds, and private equity firms can all use these platforms to manage public securities and derivatives. Portfolio accounting systems provide valuable insights for more informed investing decisions…
Fund Administration Startup Solution Sized Precisely for You
Maybe you’re starting a new fund administration business because you have a vision for making fund manager lives easier. Or, maybe you’re a seasoned industry professional and a fund administration startup is the next logical step in your career trajectory. Whatever it is that brought you to this point, now, you’re ready to leverage that…
Innovations Leave a Lasting Impact on Wealth Management Reporting
Wealth management reporting and investor accounting have been around for centuries. Despite the increasing complexity of the challenges faced by accountants and analysts, their primary tools—financial statements and reports—have remained largely unchanged. This consistency is due to the accounting profession’s well-established best practices, ensuring the accuracy and value of their work. Although the world has…
Supercharge Family Office Reporting with a Multi-Currency General Ledger
Family offices often grapple with a major challenge: How to manage complex financial data from diverse sources using accounting software designed for other industries? Trying to do so leads to a reliance on spreadsheets for data gathering, reconciliation, and reporting, and ends up taking precious time and causing errors. Ask any single or multi-family office…
Multi-Currency General Ledger Transforms Fund Administration
What Makes FundCount’s Multi-Currency General Ledger Unique? Launching a fund administration business is not much different than starting any other entrepreneurial venture. It’s important to understand why the particular business is of interest to you, determine the upside potential, and be realistic about the barriers to entry and resources needed to get it off the…
Family Office Dashboards Earn You an A or Mark You a Dunce
In recent years, family office dashboards have taken what can only be described as a quantum leap forward. Users had become accustomed to limited static data and lack of real-time capabilities. Customization and analytical depth? Forget about it. Significant advancements in several key areas have today greatly enhanced data analytics and business intelligence capabilities. Modern…
Asking Your Vendor for a Proof of Concept or Proof of Value May Not be the Best Idea
Don’t Get Stuck in Demo Land It is no secret that companies like to ‘try before they buy’ when purchasing software. This holds true for companies of all sizes, whether a large fund administrator implementing a costly enterprise system or a more modest single family office looking for a simple portfolio accounting solution. Understandably, companies…
