The Real-Time Visibility of Sage Intacct Opens New Doors for Your Family Office

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.

Major Challenges for Family Offices to Overcome

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?

  • Increasing complexity of reporting. While public and private assets are rarely centralized or limited to a single revenue stream, having a complete view of a family’s wealth is a challenge. You need the visibility to show your clients how their investments have grown over the years and be able to swiftly manage a diverse portfolio.
  • Investment risk management. Your clients trust you with their assets, so you need to be well-equipped to perform a risk analysis and recognize the impact on their investments. With real-time visibility, you’ll see exactly how funds are performing.
  • Lack of speed. On-premise accounting and endless spreadsheets require heavy manual data entry that traps you with time and tedious effort. Speed drains, errors happen, and productivity suffers. The real-time visibility of Sage Intacct’s cloud-based platform allows for faster reporting with quick and easy consolidations.
  • Disparate data systems for asset management. Without a unified platform to offer a single source of truth, managing funds is cumbersome. Keeping up with client data across disconnected systems not only decreases productivity but can be impossible to track down relevant information for critical decision-making.

Real-Time Visibility Matters in a Fast-Paced World

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:

  • Better accuracy for the financial state of affairs
  • More strategic decision-making based on real data
  • Faster recognition of the best-performing investments

Unlock Better Fund Performance and Investment Opportunities with Sage Intacct

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.


Outgrowing Quickbooks?

Say goodbye to spreadsheet reporting and manual consolidations and start using a cloud-based financial management system.

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