Our Approach
Most Family Offices close their books like this.
The close is not one process. It is dozens of handoffs, workarounds, and manual steps stitched together by people who figured it out as they went. That is the problem.
Nobody owns the timeline
There is no close calendar. No critical path. No dependency map. Tasks happen when someone remembers to start them. Bottlenecks are invisible until they cause a delay, and by then it is too late.
Excel is the entire system
Reconciliations live in personal spreadsheets. Journal entries are built by hand. Data gets pulled from six different sources, pasted into a workbook, and reformatted every single month. One broken formula and the whole thing unravels.
Tribal knowledge runs everything
The people who built the workarounds are the only ones who understand them. There are no documented SOPs. No clear ownership. No backup plan. If your senior accountant leaves, your close process leaves with them.
Manual processes devour too much time from high value resources.
Pulling data from six systems. Copying it into a spreadsheet. Reformatting it. Tying it out by hand. Running the same reconciliation the same way every single month. Half the close cycle is not analysis or judgment. It is manual work that a machine should be doing.
Our Approach
Most Family Offices close their books like this.
The close is not one process. It is dozens of handoffs, workarounds, and manual steps stitched together by people who figured it out as they went. That is the problem.
Nobody owns the timeline
There is no close calendar. No critical path. No dependency map. Tasks happen when someone remembers to start them. Bottlenecks are invisible until they cause a delay, and by then it is too late.
Excel is the entire system
Reconciliations live in personal spreadsheets. Journal entries are built by hand. Data gets pulled from six different sources, pasted into a workbook, and reformatted every single month. One broken formula and the whole thing unravels.
Granular Roles & Access Permissions
Implement fine-grained role-based access controls so every user only has the permissions they need—minimizing risk, safeguarding data, and supporting compliance audits.
Multi-Factor Authentication (MFA)
Strengthen account security with multi-factor authentication, adding an essential layer of protection against unauthorized access and credential breaches