Data is the lifeblood of every business, and the financial industry is no exception. From small investment firms to family offices, data empowers smarter choices and fuels growth. However, managing the ever-increasing volume and complexity of data can be a major challenge. This article explores how small businesses can leverage modern data management techniques to…
Comprehensive Family Office KPI Guide
Your Guide to Benchmarking and Operational Excellence Is your family office on the same page with your members? Many family offices grapple with communication gaps between family members and staff. The Family Office KPI assessment can bridge this gap, offering valuable insights to not only benchmark your operations against industry leaders, but also to uncover…
Blind Spots Cost Money: Identify Family Office Strengths and Weaknesses
Unveiling Operational Strengths and Unlocking Improvement with the Family Office KPI Family offices, entrusted with managing the wealth of families across generations, face unique challenges in ensuring efficiency, accuracy, and cost-effectiveness in back-office operations. These challenges are further amplified by the evolving landscape of financial technologies and best practices. Key Takeaway: Benchmarking with the Family…
How does Fund Accounting Work?
Fund accounting encompasses the management of financial records for various types of funds, including private equity funds, hedge funds, and nonprofit entities. To answer the question ‘how does fund accounting work,’ there are several considerations to keep in mind. First, these funds have distinct characteristics and accounting rules. For instance, private equity funds focus on…
A Single Source of Truth for Reinvented Fund Administration Reporting
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…
The Power of a Single Source of Truth (SSOT)
A Single Source of Truth (SSOT) refers to the concept of having all critical information in one centralized location, accessible to everyone who needs it within an organization. It’s not a specific system or tool, but rather a desired state for your data, ensuring everyone works with the same accurate and up-to-date information. Key Takeaway:…
Enhancing Family Office Reporting
With FundCount’s Multi-Currency General Ledger 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. Ask any single or multi-family office what their primary accounting and reporting challenges are and you are likely to hear a litany of similar issues…
A Guide to Family Office Operations
A Roadmap for High Net Worth Families The journey of substantial wealth accumulation often ushers high net worth individuals and their families into uncharted territories. These new realms present both exhilarating opportunities and fresh challenges as the family adapts to the intricate dynamics of wealth. A crucial decision that may surface in this journey is…
Fund Administration vs Fund Accounting: A Comparative Analysis
Unraveling the Intricacies of Financial Management Within the intricate financial ecosystem, two pillars stand tall and can be expressed as fund administration vs fund accounting. Both intricately woven into the fabric of investment funds, their contributions to smooth operation can sometimes lead to confusion and conflation due to their interconnected natures. To pierce the veil…
