SumIT vs FundCount

You are looking for alternatives to SumIT. Here you can compare the best Investment Management Software and other family office technologies based on our annual benchmark and comparison surveys.
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SumIt

Category
Accounting

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.

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FundCount

Category
Portfolio Management

FundCount is a unified accounting and investment analysis solution that improves operational efficiency and brings actionable intelligence to investment management professionals. Based on a general ledger, they started in the hedge fund space but today provide fund- and partnership accounting to a wide range of asset- and wealth professionals with offices in Europe, North America, Asia and Australia.

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Company
Employees

  • 0-10

Revenue

-

Founded

  • 2022

Incorporated

-

Locations

  • New York City

Top 5 Markets

  • United States of America

Total AUM

  • $10 billion

Avg. AUM per client

-

Ownership

  • Owned by management
  • Clients are also owners


  • 50-100


-


  • 1999


  • Owned by management


  • United States of America


  • Boston
  • London
  • Singapore
  • Sydney
  • Zurich


  • Australia
  • Switzerland
  • United Kingdom
  • United States of America



Client
Focus

  • Single Family Office
  • Multi Family Office
  • Accounting Firms

Secondary focus

-

-


  • Multi-family offices


  • Individual wealth owners
  • Single-family offices
  • Fund managers


Product
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;

Compliance

-

Whitelabel

  • No


  • Accounting
  • Consolidated reporting
  • CRM
  • Portfolio management
  • Data aggregation


  • Partnership accounting
  • Portfolio accounting
  • Unified general ledger
  • Consolidated reporting
  • Investor portal
  • Data aggregation


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



  • No

Technology
Type Of Software

  • SAAS

Ecosystem

-

Integrations

  • Plaid
  • Finicity
  • Bill.com (pending)
  • Addepar (pending)

Mobile App

  • No

-


  • SAAS
  • Fully standalone


  • Attestation that a formal QA and security review is done on the FundCount software
  • Proof of internal vulnerability scan of the application
  • Proof of source code security testing/scans


  • Java


  • FundCount Connect is a technology enables the collection of data from disparate data sources (custodians, alternative fund administrators, proprietary data warehouses, market data providers, and other systems) with a powerful Extract-Transform-Load tool.
  • FundCount AppUniverse is a library of best-of-breed applications and services that seamlessly integrate with FundCount. The AppUniverse includes Zapier, one of the largest integration hubs, expanding FundCount integration capabilities to over 2,000 applications and systems.
  • FundCount Custom Control is a module that lets you create powerful Excel workbooks to handle unusual fee calculations, custom allocation models, waterfalls, reports, and other custom functions or processes that software can’t reproduce.


  • No