Eton Solutions vs Hemonto

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Eton Solutions

Category
Fully Integrated Platform

Eton Solution's platform AtlasFive® is a fully integrated secure cloud native AI-driven platform. It acts as one source of truth utilising the same transaction-level data for Investment, Accounting, and Partnership Book of Records. In 2024, Eton rolled out the world’s first Generative AI application for the Family Office Industry - EtonGPT™.

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Hemonto,family office software, portfolio management software, consolidated reporting software

Hemonto

Category
Consolidated Reporting

Denmark-based Hemonto, delivers state-of-the-art consolidated financial reporting through their platform and their permanent team of experts. They ensure that data accuracy and services can be tailored to customized reporting needs without compromising data integrity, enabling real-time and verifiable data to be the basis for financial decisions.

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Company
Employees

  • 400+

Founded

  • 2015

Ownership

  • Owned by management
  • Key staff also have ownership
  • Clients are also owners
  • External investors (neither clients nor staff)
  • Navis Capital Partners

Incorporated

  • United States of America

Locations

  • Chapel Hill, North Carolina
  • Bangalore, India
  • Singapore 
  • Dubai

Top 5 Markets

  • United States of America
  • Switzerland
  • India
  • Singapore
  • Hong Kong

Total AUM

  • $936 billion

Avg. AUM per client

  • $100 Million – $80 Billion


  • 11-50


-


  • 2006


  • Owned by management
  • Clients are also owners


  • Denmark


  • Aarhus
  • Copenhagen
  • Oslo


  • Denmark
  • Germany
  • Norway
  • Switzerland
  • United Kingdom


-


  • $30 billion+

Client
Focus

  • Single-family offices
  • Multi-family offices
  • Wealth Owners 
  • Registered Investment Advisors

Serves also

  • Business Managers
  • Trust Companies 
  • Financial Institutions 
  • Big 4 Accounting & Professional Services Firms


  • Single- and multi-family offices


  • Individual wealth owners
  • Financial advisors
  • Banks


  • 100+

Product
Main tasks

  • Cybersecurity and Privacy
  • Cloud Native
  • Artificial Intelligence
  • Business Continuity and Disaster Recovery
  • Entity and Relationship Management
  • Security Master Management
  • Workflows and Audit Trails
  • Data Integration and Aggregation
  • Virtual Office
  • Integrated Transaction Processing
  • Integrated Document Management
  • Integrated General Ledger Accounting
  • Integrated Trust Accounting
  • Integrated Partnership/Fund Accounting
  • Integrated Portfolio Management and Performance Reporting
  • Integrated Cash Management
  • Integrated Tax Ledger
  • Integrated Private Loan Module
  • Client Reporting, including Multi-Currency

Top features

  • Cybersecurity and Privacy
    • Azure Cloud Native Single Tenanted Architecture
    • Local Data Residency with In-Country Hosting
    • Proactive 24 x 7 Monitoring, including AI-driven Threat Intelligence
    • Integrated Single Sign-On (SSO), Multi-Factor Authentication (MFA) and Customer Supplied Encryption Keys

    Artificial Intelligence

    • EtonGPT™ – Generative AI Assistant
    • Patent Pending Contextual OCR Technology for automated document processing
    • Patent Pending Dynamic Visualization

    Entity and Relationship Management

    • Supports all types of entities such as Individuals, LLCs, Partnerships, Trusts, Foundations, Operating Companies, etc.
    • Customizable Chart of Accounts
    • Related Parties Tracking

    Data Integration

    • Automated data feed processing and aggregation
    • Mechanisms supported SFTP, APIs and Bulk Upload
    • Historical Data Migration

    Document Management

    • Stores 250+ document type with role-based access control
    • Automated indexing, classification, and tagging of documents
    • Semantic Search with EtonGPT

    General Ledger Accounting

    • Automated Journal Entries
    • Financial Statements, including Financial Statement Groupings
    • Omnibus Accounting

    Trust Accounting

    • Structured repository for Beneficiaries, Grantors, and Trustees
    • Trust Income Distribution Calculation and Execution
    • Annual Account Reviews in accordance with Regulation 9 (Reg 9)

    Partnership/Fund Accounting

    • Capital Call, Capital Distribution and Manager Statement Processing
    • Income and Distribution Calculation and Distribution (Pro Rata to Waterfall Method)
    • Capital Commitment Grid

    Portfolio Management and Performance Reporting

    • Multi-Asset Class Security Master, including custom fields
    • Investment Objectives and Benchmarks
    • Total net worth performance, including Look Thru and Roll up reporting

    Cash Management

    • Payment methods supported (Check Printing, ACH, Domestic Wires, International Wires, Account Transfers, Check Positive Pay)
    • BILL Integration
    • Fee Billing

    Tax Ledger

    • Automated Tax Classification, customizable to local jurisdiction
    • Canadian Average Tax
    • 1099 Preparation

    Operations

    • Reconciliation, including Exception Management and Period Close
    • Cash Flow Forecast
    • Trade Capture

    Client Reporting

    • Digital Channels – iPad, Mobile App, Client Portal, including secure messaging
    • Power BI Dashboards, including Paginated Reports
    • APIs and Excel Plugins

Assets supported

  • All asset classes are supported on the platform with over 30+ attributes, including custom fields 
    • Liquid investments (Equities, Bonds/Fixed Income, Cash, T-Bills, ETFs, etc.)
    • Illiquid investments (Hedge Funds, Fund of Funds, Private Equity, Real Estate, Insurance, etc.)
    • Personal Assets (Cars, Private Jet, Yacht, Residences, Jewelry, Art, etc.)

Compliance

  • Industry Certifications: SOC2, ISO27001, ISO27701
  • Adheres to GDPR, OSPAR, NY DFS, CSA STAR, FED RAMP and CCPA standards

Whitelabel

  • Yes (Tenant Portal, Client Portal, Mobile App, iPad, Paginated Reports)


  • Accounting
  • Consolidated reporting
  • Governance
  • Portfolio management
  • Data aggregation
  • Risk management
  • Impact/ESG reporting
  • Data management
  • Bespoke reporting
  • Cost controlling
  • Benchmarking
  • Dataset as a service


  • Consolidated performance reporting
  • Accounting and administration
  • Consolidated risk and exposure reporting
  • Bespoke consolidated reporting
  • Private equity reporting
  • ESG screening
  • Costs analysis
  • Extended monitoring of costs and compliance
  • Dynamic customer portal with business-intelligence tools
  • Hemonto App


  • Bankable assets
  • Private equity
  • Real estate
  • Rare collectibles (e.g. luxury cars, boats, high-value jewelry)


  • MiFID II
  • GDPR


  • Yes

Technology
Type Of Software

  • SaaS

Security

  • Microsoft Azure Cloud Native Architecture (CNA)
  • Fort Knox Cyber Security
  • Customer supplied encryption keys (CSEK)
  • Disaster Recovery and Business Continuity
  • Pro-active 24×7 Monitoring of client data
  • Trusted Security and Computing Infrastructure
  • Integrated Single Sign-On (SSO) and Multi-Factor Authentication
  • (MFA)
  • Inheritable Maturity – SOC2, ISO27001 and ISO27701 Certified
  • AI-Driven Threat Intelligence
  • Fine Granular Access with Entity Level Visibility
  • Local Data Residency with In-Country Hosting

Ecosystem

  • Microsoft Azure

Integrations

  • Incoming bank feeds from many custodians and banks
  • Electronic Funds Transfer, WIRE/SWIFT, account transfer and bill pay with multiple banks
  • Integration with market data sources 
  • Bill.com
  • Advisor Peak
  • AtlasFive APIs

Mobile App

  • Yes


  • SaaS
  • Serviced Software


  • Azure multi-factor authentication
  • ISAE 3402-II control report can be forwarded on request


  • Microsoft


  • Office 365 Security integration
  • Integration to ERP systems
  • Microsoft Power
  • BIExcel


  • Yes