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Family Office Technology Hub
Family Office Tech Stack: Data Aggregation/Reporting and New Generation General Ledger
Feb 28, 2024
In this conversation, Alex Lin, founder of Summit, shares his insights on creating a seamless multi-entity accounting software, drawing from his extensive experience managing family estates in France and China. Tanmay Sharma of Coalition AI discusses his data aggregation platform, likening it to 'aspirin for data headaches.' They delve into the challenges of data consistency, the importance of user-friendly solutions, and competition within the tech landscape. Both highlight the transformative power of their technologies for effective financial management in family offices.
57:06
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Quick takeaways
- Coalition AI addresses family offices' data consistency challenges through automation with specialized bots for efficient data aggregation.
- Summit offers a user-friendly general ledger system tailored for family offices, simplifying complex investment management across multiple entities.
Deep dives
Emerging Startups in Family Office Technology
The episode discusses two innovative startups in the family office technology sector: Coalition AI and Summit. Coalition AI focuses on data aggregation and reporting, aiming to resolve data consistency issues that family offices frequently encounter. By utilizing specialized bots for data processing, they help clients maintain clean and reliable data while expediting data flow from various sources. Summit, on the other hand, specializes in creating a user-friendly general ledger system tailored for family offices, addressing the common frustration with existing accounting solutions.
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