The latest tech news in wealth management across North America.

FundCount
FundCount, a provider of accounting and investment analysis software for family offices, hedge funds, private equity firms and fund administrators, has launched FC A/P, an accounts payable module for FundCount clients to track, pay and manage all expenses incurred by their clients. 

FC A/P will add to FundCount’s multicurrency general ledger. It will support the full payments lifecycle from booking and paying expenses to reconciling bank and credit card details. Accounts payable data from other systems can be imported into FC A/P quickly and easily.

The new module will have check writing and electronic bill payment, vendor and invoice management, customizable expense allocation templates, and the ability to track multiple accounts for a single vendor. 

“Wealth managers continually look for solutions that will improve operational efficiency while enabling them to offer soup-to-nuts service to their high net worth clientele,” said Alex Ivanov, chief executive and founder of FundCount. “The accounts payable and cash management functionality in FC A/P extends the many benefits of FundCount’s integrated accounting system.” 

Founded in 1999, FundCount works with 120 hedge funds, single and multi-family offices, fund administrators and private equity firms worldwide.