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Streamlining Family Office Accounting with AtlasFive®

Published

February 10, 2022

Family office accounting is often a time-consuming process that involves reconciling data across multiple platforms and spreadsheets. Most times, reporting cannot even be completed until weeks after a period closes — and that data is often error-prone, to boot. The entire process is complicated and inefficient, and its meaningfulness to clients is often impacted by its inaccuracies or delays.

One SFO found itself mired in siloed processes reliant on multiple spreadsheets and the use of QuickBooks. When a new generation of family members began seeking more robust services and transparency, the SFO turned to AtlasFive for an all-in-one solution.

With the implementation of AtlasFive, all data and transactions were unified, and all silos were removed. Inconsistencies were reduced, and staff have a more balanced workload throughout the month. Greater data security has also been enacted, with less operational and security risk. And the younger clients are happy with the daily insight they now have into portfolio performance, no longer forced to wait for monthly or quarterly reports to get a snapshot of their accounts.

The efficiencies don’t stop there — the office has found even more ways to utilize AtlasFive to make their staff more productive and to provide the family members with an even greater level of service.

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Managing Family Office Complexity with AtlasFive®

For modern family offices, complexity is the name of the game. Because they manage an intricate web of legal entities, ownership structures, and interrelationships, family offices have numerous responsibilities and reporting requirements that span various arrangements. And because of the uniqueness of each office’s composition and roles, finding a tech platform that catches every aspect of their administration while also allowing for total customization has been a challenge — until now. With Eton Solutions’ AtlasFive platform, family offices can finally implement a fully integrated system that is configurable to work with their clients’ requirements.

Streamlining Family Office Accounting with AtlasFive®

Family office accounting is often a time-consuming process that involves reconciling data across multiple platforms and spreadsheets. Most times, reporting cannot even be completed until weeks after a period closes — and that data is often error-prone, to boot. The entire process is complicated and inefficient, and its meaningfulness to clients is often impacted by its inaccuracies or delays.

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