Reporting and investment fund management can easily become overwhelming, complicated, and difficult to manage without the right tools at your disposal. Every family office should invest in technology best suited for their clients, capable of managing diverse portfolios and demonstrating healthy returns.
Real-time visibility is a game-changer for family offices, and one that is fueling better strategic planning for wealth management. Sage Intacct’s cloud accounting solution addresses the challenges of navigating venture investments and helps eliminate the headaches of limited financial insight.
Family offices have a unique set of challenges they face regularly. They are competitive, often high-risk businesses that explore a variety of investment opportunities and fund management strategies for their clients.
So, what are the most common obstacles family offices face, and how does Sage Intacct’s real-time visibility help to overcome them?
Your most valuable asset is time. By freeing up time, you’ll experience a transformation in your family office accounting, providing more sophisticated wealth planning for your clients. That could include more comprehensive liquidity planning, tax strategy, and being an advocate for your clients’ philanthropic ventures.
According to a recent report published by the Centre for Economics and Business Research and KX, real-time data is having a big impact on revenue. Eighty percent of companies reported an increase in revenue as a direct result of real-time financial visibility.
The benefits include:
Do you need more clarity for your fund performance?
Sage Intacct allows you to gain better visibility and insight with just the click of a button. Powerful tools like multi-entity consolidations, real-time dashboards, and a fully integrated cloud platform let you deliver your family office clients a comprehensive fund management solution.
Contact us to unlock even more possibilities with the number-one accounting software.
© Trusted CFO Solutions.