Eton Solutions sells AtlasFive, a cloud ERP built for large family offices, along with an outsourced service and offices on several continents. FundCount is an accounting-first platform founded in 1999 that keeps the general ledger, partnership accounting, private fund documents, and reporting on one record, at published prices. The choice is between an enterprise ERP program and an accounting platform.
This page compares the two across eight areas, then covers pros and cons, where Eton still fits, and how to switch.
Key takeaways
- AtlasFive is an enterprise family office ERP. Eton reported 665 families, $781 billion, and 92,000 entities on the platform in July 2024, and offers an outsourced Administrative Family Office service.
- FundCount is accounting-first. Its general ledger, partnership accounting with K-1s, and AI capture of private fund documents run on one record.
- FundCount’s accounting depth is documented in detail. With Eton, verify ledger and document workflows in the demo; its public materials focus on the integrated platform.
- Eton’s footprint is broad. It has offices in the US, Singapore, the UAE, and India.
- FundCount publishes its starting prices. We found no published pricing for Eton in the sources we reviewed.
Quick comparison table
| Area | FundCount | Eton Solutions |
|---|---|---|
| Best for | Family offices, administrators, and funds that want accounting depth on one record | Large single and multi-family offices that want an enterprise ERP and optional outsourcing |
| Core architecture | Accounting-first: ledger, investment, and partnership accounting | Cloud ERP integrating family office operations on one data model |
| General ledger | Yes: multi-entity, multi-book, multi-currency | Part of the ERP; check depth with vendor |
| Partnership accounting and K-1s | Yes, with Section 704 allocations | Check with vendor |
| Private fund documents | AI extraction posted to the ledger | Check with vendor |
| Entities and ownership | Partnership model with look-through | Data model connecting entities, people, assets, and accounts |
| Outsourced services | Software run by your team or your administrator | Administrative Family Office service |
| Footprint | Barbados, Boston, Toronto, Singapore, Dubai | US, Singapore, UAE, India |
| Security | SOC 2 Type II examined hosting | Check with vendor |
| Published pricing | Yes | Not in sources reviewed |
“Check with vendor” means we found no public statement, not that the capability is missing. Competitor details come from its public pages and announcements reviewed in October 2026.
Eton Solutions vs FundCount comes down to one question
Eton sells a broad family office ERP, with services to run it. FundCount sells accounting depth on one record. Decide which problem you are solving before the demos.
FundCount
- Choose it if
- the hardest work is accounting: partnerships, private funds, consolidation, and statements
- What you get
- one accounting record, published prices, and your team in control
Eton Solutions
- Choose it if
- you want one vendor to run family office operations, possibly with outsourced staff
- What you get
- an enterprise ERP and an Administrative Family Office service
Bottom line: family offices whose bottleneck is the books get the most from an accounting-first platform with published prices. Very large offices that want an outsourced operating model should look at Eton.
1) Core positioning
FundCount
- How it works
- An accounting-first platform, founded in 1999, that keeps the general ledger, investment and partnership accounting, AI document capture, and reporting on one record for family offices, fund administrators, and funds.
Eton Solutions
- How it works
- AtlasFive is a cloud-native ERP for family offices, created in 2015 to commercialize technology built for a large multi-family office. Eton describes it as integrating all operational facets of the office.
Verdict: different starting points: Eton begins with the whole office, FundCount with the books. Pick the one that matches your bottleneck.
2) Accounting and general ledger
FundCount
- How it works
- A real-time, multi-entity, multi-currency general ledger with GAAP, IFRS, tax, and management books from one trial balance, and consolidated or entity-level financials at any date.
Eton Solutions
- How it works
- Accounting is part of the ERP. Eton’s public materials emphasize the integrated data model rather than ledger detail, so ask for a ledger demo on your structures.
Verdict: FundCount’s ledger depth is documented in detail; with Eton, verify it in the demo.
3) Portfolio accounting and performance
FundCount
- How it works
- Positions, prices, accruals, corporate actions, and tax lots for every asset class post to the same ledger, and IRR, TVPI, TWR, and attribution are calculated on the posted data.
Eton Solutions
- How it works
- Eton’s launch client in India described AtlasFive’s workflow automation as integrating back-office operations with portfolio management.
Verdict: test performance calculations on your own data; FundCount calculates IRR, TVPI, TWR, and attribution on posted ledger data.
4) Entities, partnerships, and look-through
FundCount
- How it works
- Partnership accounting for trusts, LLCs, and partnerships: capital accounts, nested ownership, waterfalls, partial transfers, and K-1s with Section 704 allocations, plus consolidated look-through reports.
Eton Solutions
- How it works
- A data model built for the complex ownership of family offices, connecting legal entities, individuals, assets, liabilities, accounts, and transactions; Eton reported 92,000 entities on the platform in July 2024.
Verdict: both handle complex ownership. FundCount documents partnership accounting through to K-1s with Section 704 allocations; confirm Eton’s equivalent.
5) Private funds and documents
FundCount
- How it works
- AI Document Intelligence watches email and GP portals, extracts capital calls, distributions, capital account statements, and K-1s, and posts them to the ledger with the source document linked.
Eton Solutions
- How it works
- Eton calls AtlasFive AI-driven; the public materials we reviewed do not detail private fund document extraction.
Verdict: FundCount’s edge, as documented: AI capture of capital calls, capital account statements, and K-1s, posted with the source linked.
6) Services and operating model
FundCount
- How it works
- FundCount is software that your team or your administrator runs; fund administrators use it to serve their own clients.
Eton Solutions
- How it works
- An Administrative Family Office (AFO) service launched in 2023, and a family office as a service partnership in the Middle East.
Verdict: Eton’s edge if you want to outsource operations; FundCount’s if you want your team, or your chosen administrator, in control.
7) Footprint and support
FundCount
- How it works
- Offices in Barbados, Boston, Toronto, Singapore, and Dubai; founded in 1999, with more than $100 billion in assets tracked on the platform.
Eton Solutions
- How it works
- Offices in the US, Singapore (international headquarters), the UAE, and India, where it reported more than 300 employees in 2024.
Verdict: both serve family offices internationally; Eton has the larger presence in India.
8) Pricing and total cost
FundCount
- How it works
- Published starting prices: from $35,899 a year for single family offices and $26,950 for multi-family offices, plus digital transformation and hosting fees. See FundCount pricing.
Eton Solutions
- How it works
- Not published in the sources we reviewed; ask about software and service fees separately.
Verdict: FundCount lets you check budget fit first.
Accounting depth you can see before you sign
FundCount keeps the ledger, partnership accounting, and private fund documents on one record, at published starting prices.
Pros and cons
FundCount pros
- Documented accounting depth: ledger, partnerships, K-1s
- AI capture of private fund documents
- Published starting prices
FundCount cons
- Not an outsourced operating service
- Smaller presence in India than Eton
- Implementation is a project
Eton Solutions pros
- Enterprise ERP scope across family office operations
- Outsourced Administrative Family Office option
- Broad footprint, including India and the UAE
Eton Solutions cons
- Pricing not published in sources reviewed
- Less public detail on ledger and document workflows
- A broad ERP can be more than a smaller office needs
Where Eton Solutions still fits
Eton Solutions still fits when:
- You want one vendor to run family office operations, including staff
- You are a very large office with many entities and operating complexity
- You want a vendor with offices in India and the Gulf
Why FundCount is the better Eton Solutions alternative
FundCount is the better Eton alternative when the books are the bottleneck:
- Accounting depth you can check in documentation and demos
- Your team, or your administrator, stays in control of the books
- Published prices to check budget fit
“The operational efficiency and scalability that FundCount provides will ensure we remain effective in product delivery and can support existing and new clients going forward.” Rainier Crouse, Senior Manager, Paget-Brown Trust Company (case study)
Switching from Eton Solutions to FundCount
A move is a project, not a download. FundCount describes a multi-family office that moved 743 investors and 14 entities off Excel and QuickBooks in 11 weeks; plan yours around these four stages.
1. Map entities and ownership
- Export the chart of accounts and entity list from AtlasFive
- Rebuild nested ownership in FundCount’s partnership model
- Decide which books need GAAP, IFRS, or tax bases
2. Load positions and history
- Opening positions, tax lots, and cost basis by entity
- Private fund commitments and cash flow history
- A parallel close to compare results
3. Connect feeds and documents
- Custodian and bank feeds
- GP portal and email capture for fund documents
- Portal users and permissions
4. Rebuild reports and go live
- Principal dashboards and partner statements
- Audit-ready trial balance and GL detail
- Sign-off from your accountant before cutover
Decision tree
Answer these in order.
-
Do you want to outsource family office operations?
- Yeslook at Eton’s Administrative Family Office, and compare FundCount run by your team or your administrator.
- Nogo to step 2.
-
Is the bottleneck accounting: partnerships, private funds, and statements?
- Yeschoose FundCount.
- Nogo to step 3.
-
Do you need an ERP for operating businesses too?
- Yescompare Eton’s ERP scope, and keep FundCount for the investment entities.
- Nochoose FundCount.
Compare an accounting platform with an ERP program
FundCount publishes its starting prices, so you can check budget fit before a call. In the demo, we consolidate several entities and post a capital call from a GP statement.
FAQs
What is the difference between FundCount and Eton Solutions?
Eton sells AtlasFive, an enterprise family office ERP, with an optional outsourced service. FundCount is an accounting-first platform that keeps the ledger, partnership accounting, and private fund documents on one record, at published prices.
Is FundCount a good Eton Solutions alternative?
Yes, when the bottleneck is accounting rather than whole-office operations. If you want to outsource operations to the vendor, Eton’s service model is a better match.
What is Eton’s Administrative Family Office?
An outsourced service Eton launched in 2023 to run family office administration on its platform.
Does Eton publish pricing?
We found no published pricing in the sources we reviewed. FundCount publishes starting prices from $35,899 a year for single family offices and $26,950 for multi-family offices, plus fees.
Can FundCount handle large family offices?
Yes. FundCount tracks more than $100 billion in assets across its platform and handles multi-entity consolidation, nested ownership, and multi-book accounting.
How long does a switch take?
It depends on entities and history. FundCount describes a multi-family office that moved 743 investors and 14 entities in 11 weeks.
Methodology
What we compared: FundCount and Eton Solutions across the eight areas family office buyers ask about most: positioning, accounting, performance, entities and partnerships, private fund documents, services and operating model, reporting and security, and pricing.
Sources: Eton Solutions announcements and trade coverage (Business Wire, July 2024; WealthBriefing and Family Wealth Report, July 2024; Hubbis on AtlasFive 2.0); Eton’s website did not respond to our checks. FundCount capabilities come from FundCount’s product documentation. Verdicts are our editorial assessment. We publish FundCount, so weigh our verdicts accordingly; we did not run hands-on tests of Eton Solutions, and Eton Solutions did not review this page.
Published: October 2026.
