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…
The Client Conference in Cancun was a Blast!
FundCount’s client conference in Cancun was a success! The May 16-18 event brought together FundCount partners, offering a unique opportunity for folks from different industries to intermingle ideas, compare outlooks, and discuss challenges. Conference Agenda The conference provided a platform for attendees to delve into key industry trends and explore product innovations. Our sessions covered…
How to Get Better Portfolio Performance Insights
Trying to make sense of a sea of data spread across multiple spreadsheets and systems and systems can be frustrating and makes gaining meaningful portfolio performance insights a serious challenge. Starting each morning with a tedious process of gathering, verifying, and reconciling information from disparate sources, only to end up with inconsistencies and errors is…
Is it Even Necessary to Automate Portfolio Reconciliation?
To maximize market exposure, fund managers leverage multiple fund administration platforms to offer a diverse array of investment opportunities. In the face of a volatile and ever-changing market, new insights and investment research emerge regularly. Discretionary fund managers must proactively adjust asset and fund allocations, swaps, and trades to align with each client’s risk profile,…
Why Ignoring a Unified General Ledger Can Cost You Clients
For many years, business media has hammered home the point that data silos are inefficient and dangerous, creating information barriers and interrupting the potential for collaboration among departments. By now, most of us are well aware that data silos can harm reporting, analytics, accuracy, and automation—but too many businesses are focused on reducing silos in…
