Developed in Finland, FA Solutions is a cloud-based software platform with a modularized approach to various functions from accounting, consolidated reporting, risk management to Impact / ESG reporting. The scalable platform allows clients to select the features they need immediately, but with the functional coverage, they need to grow as their businesses do.

Technology can assist in automating internal family office processes. Overall, the goal is to stop using multiple tools for different tasks and having to maintain spreadsheets in addition to the asset management platform. On the reporting side, it is crucial to deliver monthly reports faster and in a more independent, self-service way. In addition, there is a need to access reports online and on different devices.

The new regional platforms should help companies and institutions access the public cloud while complying with local regulations. Until now, the only alternatives to inefficient legacy systems were proprietary cloud platforms. This setup is difficult to implement and maintain and significantly more resource-intensive than running your operations from the cloud. On-premises wealth management solutions draw financial and labor resources away from the core business, making the investment management company less efficient and competitive in the modern, high-tech world.