FundCount

Category: Family Office Software

FundCount is a comprehensive technology solution designed for the nuanced needs of family offices and wealth management entities. The platform offers a single source of truth for financial data, allowing for seamless decision-making processes through its real-time general ledger. FundCount caters to various segments, including single and multi-family offices, asset managers, high-net-worth individuals, hedge funds, and private equity firms. With a focus on advanced fund administration and accounting, the platform supports multiple asset classes and currencies, enabling users to manage complex ownership structures efficiently.

The solutions provided by FundCount encompass portfolio accounting, partnership accounting, and general ledger functionality. These tools are augmented by robust reporting capabilities and an investor portal, which facilitate a consolidated view of assets and streamline data aggregation processes. By integrating partnership and portfolio data within an investment-grade general ledger, FundCount provides a holistic view of all investments, supporting both strategic planning and day-to-day operations.

Key features of FundCount include continuous accounting, which eliminates the need for period-end closures to generate reports or calculate net asset value (NAV). This capability is crucial for family offices that require real-time insights into their financial positions. Additionally, FundCount’s software reduces reliance on third-party solutions by supporting intricate accounting requirements, including partnership accounting and complex ownership structures.

FundCount's client base includes a diverse mix of financial institutions and individual investors. Notable clients have expressed satisfaction with the platform's capabilities, as evidenced by testimonials from industry professionals like Patty Fitzsimmons, Vice President of Accounting at Aquilance. The company partners with a range of service providers to enhance its offering and ensure seamless integration with existing systems.

Technically, FundCount employs a cloud-based infrastructure that supports scalability and flexibility, allowing family offices to adapt to changing financial landscapes. The platform’s technical capabilities are augmented by continuous updates and enhancements, ensuring that clients have access to the latest tools and features.

Integration options are a significant part of FundCount's offering, with the platform supporting a variety of data connectivity protocols and APIs. This allows for seamless integration with existing financial systems and enhances data flow across different platforms. FundCount’s ecosystem includes partnerships with major financial data providers and custodians, enabling comprehensive connectivity for family offices.

Key Features

FundCount delivers a powerful suite of tools designed to streamline operations for family offices through its cloud-based platform. The core capabilities focus on providing real-time financial insights, robust accounting solutions, and comprehensive reporting features. This technology approach allows family offices to efficiently manage complex financial structures and improve operational efficiency.

Real-time General Ledger
Portfolio Accounting
Partnership Accounting
Comprehensive Reporting Tools
Investor Portal
Multi-Currency Support
Complex Ownership Structure Management
Data Aggregation
Continuous Accounting Paradigm
Multi-Asset Class Support
Customizable Dashboards
Automated Data Collection
Compliance Reporting
Risk Management Tools
Flexible API Integration

Use Cases

FundCount is designed to enhance operational workflows and streamline financial management processes for family offices, wealth managers, and private banks. Typical implementations focus on automating routine tasks, improving data accuracy, and providing real-time insights into financial positions. The platform supports both single and multi-family office environments, offering scalability and flexibility to meet specific client needs.

Automate portfolio reporting for quarterly family meetings
Streamline partnership accounting for complex ownership structures
Enhance compliance reporting to meet regulatory standards
Integrate multi-currency transactions for global investments
Consolidate financial data across multiple asset classes
Simplify investor communications through the investor portal
Implement real-time financial dashboards for strategic decision-making
Reduce manual data entry and improve data accuracy
Manage risk with comprehensive analytics tools
Optimize back-office operations for cost efficiency

Integrations

FundCount offers robust integration capabilities to ensure seamless connectivity with a wide range of financial systems. The platform supports API availability for custom integrations and data connectivity, facilitating smooth data exchange between systems. Partnerships with major financial data providers and custodians enhance the ecosystem, providing comprehensive integration options for family offices.

Bloomberg
FactSet
Major Custodians
Financial Data Providers
Existing CRM Systems
Banking Platforms
Third-Party Fund Administration Tools