Cloud Accounting for Wealth and Asset Management

Posted on: August 23, 2019
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ERP / Accounting, Sage Industry Resource, Sage Intacct, Wealth Management, Whitepaper,
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By MicroAccounting

Sage Intacct is the leading multi-entity cloud accounting solution that helps family office, wealth management, and asset management firms manage over half a trillion dollars in AUM. Most firms are multi-entity in nature, managing multiple funds spanning multiple asset classes, often including real-estate. The majority of these firms are using outdated on-premises technology for accounting and limited reporting technology or Excel for consolidation and dashboards.

Without the latest innovations in technology, CFO’s, Controllers, and Chief Investment Officers are faced with:

  • Consolidations that take up to 100 hours or more across complex entity structures
  • Chart of Accounts that grow out of control with inconsistencies between entities
  • No automatic disaster recovery
  • Slow, error prone analytics that force CFO’s and CIO’s to share data in multiple complex spreadsheets
  • Lack of GAAP compliance with no audit trail

Sage Intacct innovation for the data driven CFO

Continuous consolidation

  • Reduce consolidation from 10’s of hours to minutes

Shared dimensional chart of accounts

  • Reduce the number of entries from 10,000+ to 100’s
  • Add a new entity in minutes

Dashboard analytics

  • Instant shared access within and across entities
  • Track financial data – P&L, budget vs. plan, cash
  • Track key metrics – AUM, fair-market-value – all over time

Collaborative compliance

  • Audit trail with GAAP compliance
  • Front-to-back office collaborative audit trail

CFO Dashboard

CFO Dashboard in Sage Intacct

Sage Intacct provides access within and across entities to show you cash balance, balance sheets, and cash-flow statements for collaborative decision-making. Analyze client billing, revenue per client, profit per client, and return on partner capital.

Investor Dashboard

Investor Dashboard in Sage Intacct

Sage Intacct provides access within and across entities to show you cash balance, balance sheets, and cash-flow statements for collaborative decision-making. Analyze client billing, revenue per client, profit per client, and return on partner capital.

The leading multi-entity cloud-based accounting system for investment-management firms

Sage Intacct helps CFOs and Chief Investment Officers access integrated management and financial reports across their holding companies and operating companies – in minutes not days – to grow and drive their investment business. Dashboards operate on a combination of both financial and operational data.

Smarter wealth and asset management accounting in minutes, not hours

Sage Intacct, the only AICPA-endorsed cloud-accounting solution, provides best-in-class multi-currency accounting, continuous consolidation and drilldown across multi-entity funds to reduce rollup times from dozens of hours to minutes with full GAAP compliance.

Find out how Sage Intacct best-in-class cloud accounting solutions streamline and provide real-time insights, boosting productivity and growth.