SumIt
SumIt offers simple, sophisticated family office software for complex family office accounting. Family office accountants are either underwhelmed or overwhelmed by their software. QuickBooks is too simple, while other solutions can seem too complex with unnecessary features.
SumIt offers an easy-to-use interface where family offices can see all their entities in one place, effortlessly book journal entries, and create consolidated reports in just a few clicks. We integrate with key family office software to ensure your workflows don’t get disrupted. We are here for the accountants to save them time, grow their confidence in the data, and maximise their impact.
Have a question regarding SumIt?
Contact SumIt directly, or opt for discretion with our private exploration option and take advantage of a free 20-minute consultation with the Simple team to thoroughly explore your service requirements.
SumIt was born out of our founder’s personal frustration with setting up and running his family real estate office. We believe that such a process should be simple with limited to no manual work.
Alexandre Lin
Product
Get an overview of what SumIt does.
Main Tasks
- Accounting
- Consolidated Reporting
Top features
- Accounts Payable
- Bank Reconciliation
- Brokerage Reconciliation
- Entity Mapping
- Entity Management
- Document Storage
- Family Office Cash Flow Statement
Assets supported
- Cash & equivalents
- Alternatives
- Equities
- Fixed income
- Private Equity
- Real Estate
- Residential
- Venture Capita;
Whitelabel
- No
Type Of Software
- SAAS
Integrations
- Plaid
- Finicity
- Bill.com (pending)
- Addepar (pending)
Mobile App
- No
Type of data
- Transaction Level
Accuracy
We partner with both Plaid and Finicity (Mastercard) to offer the most accurate data for our bank and brokerage feeds.
Custodians
- N/A
Time to new custodian
- N/A
Multi-currency
- Other
Rates
We charge based on the number of entities, the modules you want to use, and the number of users.
Regulated
- No
Audited
- Yes
Auditors
- KPMG
Cost structure
- Other
Key Company Information
Have a look at the company, clients, and references to learn whether this is a match for you.
Employees
- 0-10
Founded
- 2022
Locations
- New York City
Total AUM
- $10 billion
Ownership
- Owned by management
- Clients are also owners
Focus
- Single Family Office
- Multi Family Office
- Accounting Firms
Support & Services
Learn what support and services you can expect
Support options
In person on site support
Dedicated contact General contact mail or phone
Other
Pricing of support
Based on SLA
Free support On use basis
Other
Onboarding
6 weeks
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