Family offices often have competing interests that make it difficult to determine which accounting system would suit the organization best:
Need to track and manage the accounting for many different types of enterprises; operations, equity, personal
Need to keep the information secure
Need to provide high quality financial reporting to owners
Need to keep it very affordable
Dynamics GP in a hosted environment provides a solution for these competing interests. The wide variety of functionality available in Dynamics GP means that a family office can track businesses with significant operations, financial holdings, real estate holdings, and personal activities. The solid financial reporting functionality of FRx and Management Reporter means that a family office can easily provide a variety of different reporting formats to meet the owners’ needs. The availability of subscription pricing in a hosted environment makes Dynamics GP a very affordable system, from the beginning, because there is no significant upfront licensing fees or hardware purchases required. Hosting Dynamics GP in a tier-1 hosting environment means that the family office will have dependable and secure access to the system. Regular data backups, redundant hardware, and a high level of physical security means that the Dynamics GP system will be secure.
If you’re looking for a solid solution for your family office, consider Dynamics GP in a hosted environment.