Read Time3 Mins
Impact
Manual Consolidation
100% eliminated with unified,
auto-updating general ledge
Close Cycle Duration
Reduced from 7+ days to a few hours
Report Timeliness
Real-time insights into cash and
exposure so no more waiting for
reports
About the Client
With AV, an Australian family office was able to consolidate its diverse assets for a full view of its wealth and make its operations more efficient.
A single-family office from New South Wales (NSW), Australia, with a global portfolio of holdings, was looking to simplify its work through automation and achieve more holistic reporting capabilities.
The Challenge
-
- Tools like Excel, Quickbooks, Sage, and Xero were unable to provide the family office with a complete investment picture.
- Manually tracking a complex investment portfolio was neither secure nor accurate; furthermore, a staffing shortage was affecting the family office’s operations.
- Technological solutions available were limited and built mainly for financial institutions and advisors.
The Solution
- The right family office software: A general ledger-based system that automatically pulls information from custodian feeds, consolidates investment data across asset types and entities, and provides performance reporting.
- Customizable features: A highly configurable platform allows the dissection of holdings by currency, asset class, geography, etc.
- Transparent pricing: Competitive costs, right from trial and implementation prices to product subscription.
- A responsive support team: A highly responsive customer support team with time zone overlap.
Final Impact
- An actionable view of its consolidated portfolio that can be sliced using multiple parameters.
- Anytime access to live reporting and updates.
- All of this without maintaining a separate General Ledger system.
With Asset Vantage, it took the Australian Family office just 12 weeks from ‘searching’ to ‘going-live’.
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