Are you often delayed in providing your cash forecasting and investment reporting because you are spending too much time and effort keying in data and handling month-end reconciling issues?
If so, KnowLedger might be right for you.
KnowLedger is an accounting translation tool that interprets and posts data from custodians with a rules-based approach that ensures accuracy, completeness, and data confidence. Our team works closely with you to establish mappings and data flow, then oversees the recurring movement of the data from your source to your GL.
KnowLedger is a service that translates data from one (or more) systems such as your portfolio accounting system(s) to your GL in a fraction of the time it would take manually. KnowLedger does all the journal entry work for you, quickly and precisely. We not only translate your data, but in doing so, we simultaneously audit your data health. Eliminate redundancy, re-keying. Eliminate latency. And deliver up-to-date accuracy across your integrated financial network.
KnowLedger can post data much more frequently than any process with people entering data. This means problems are found and fixed more quickly, intra-month. Therefore, the month end process lasts only a few days.
If your family office feels trapped in a never-ending pattern of anxious deadlines, needing to quickly compile detailed reports without analyzing them because you are spending too much time manually keying endless transactions, KnowLedger might be right for you.