KnowLedger

How Embracing Technology Pays Off for Family Offices Many family offices hesitate to adopt new technology, unaware of the full benefits it can bring. In the latest Visions and Voices episode, John Stewart sits down with Simran Kang of myFO to tackle the challenges and fears surrounding tech adoption—and how to overcome them. ??Catch the full episode to explore innovative solutions, and how expert guidance can make all the difference. https://ow.ly/h5nA50V4rhZ #FamilyOffices #AccountingTechnology #HNWI

When I started my tax career 2 decades ago in the BIG4, I thought it was normal to stay until 8pm in the office. I also thought it was normal to continue work on a Saturday. Moving in-house gave me a bit of a breather. But still, the workload was high, in particular during compliance busy season or when strategic projects were in full swing. While being in-house an additional type of stress popped up. I was required to call the shots and take position, whether in business support, during controversy management, or while managing compliance. Frequently I would wake up in the middle of the night, thinking “sh*t I forgot to …”. We are all frequently on days filled with back-to-back meetings, having barely time to take a coffee or have lunch. Let alone that there is time to do the actual work. The more I matured in my in-house roles, the more efficient I became. Don’t get me wrong, it was often still an uphill battle. Here are some of the hacks I implemented that helped me to get more out of my day: – “No meeting blocks”: still doing it in my current role, works very well. Obviously there should be a culture in your organization that supports it; – Delegate and prioritize: obvious, but many tax people still struggle with both; – Think ahead, be proactive: try to get out of the firefighting every now and then, and work on the transformation of your function, process excellence, or long-term strategic stuff; – Focus on what you can control; – Build very solid relationships with your stakeholders, it will pay off. Tax is a people business. Visit local teams (yes, it comes with red-eye flights), have those lunches, seize the watercooler convos; – Invest in communication and context. It may feel burdensome at the outset, but it will drive results down the road; – Sharpen the saw (dixit Stephen Covey). I would commit to myself to invest in a healthy body and mind. Guess what, a lot of my mental breakthroughs and creativity came during my early morning runs or while being behind my drums… – Learn to say “no”. Very hard, but worth giving it a try…?

"As family offices expand globally and manage complex wealth structures, cybersecurity is crucial. This report examines the evolving threat landscape and provides key strategies for protecting sensitive data, assets and operations. It offers actionable insights on cyberattack trends and best practices in risk management to help family offices remain secure and resilient in the digital age. The Family Office Cybersecurity Report?is the fourth edition of Deloitte Private’s new Family Office Insights series and offers invaluable insights into family offices’ experience with cyberattacks, the means they are using to protect themselves and what activities they can adopt to help safeguard themselves against future attacks..." To access the full report, click here: https://lnkd.in/dx8Wt-s6 If you have questions/concerns about cyber security, I recommend reaching out to Karina Mowbray in the UK or Tiffany O. Kleemann, CISSP, CIPP, NACD.DC, in the US. They are both immensely insightful! #cybersecurity #familyoffice #familyoffices Adrian Batty Wolfe Tone Christina Staples Wendy Diamond Eric L. Johnson

For 40 years Sage has led the way in accounting tech and last year we did it again with the introduction of #SageCopilot. #SageCopilot helps business owners save time, improve accuracy, and make smarter decisions. As a catalyst for growth, it empowers our customers to succeed. Watch the below and see here for more as we celebrate one year of #SageCopilot ?? https://1sa.ge/H4Jc50V7zJo

New Podcast Episode Alert! ?? Join host John Yeager and industry experts Susan McDermott (Addepar), Ryan Kerry ( KnowLedger), Kristen Keith (Sage Intacct, Inc.), and Alejandro Nazario (TOS Advisors) in this insightful 43-minute discussion on the evolution of family office technology. In this episode, we explore: ?? The importance of consistent reporting standards & data health ?? Pros & cons of all-in-one suites vs best-in-class solutions ?? How AI enhances usability in the family office sector ?? Data management policies and procedures ?? Turning data into actionable insights for smarter decision-making Tune in for actionable tips on leveraging technology for success in the family office industry! Listen now: https://hubs.li/Q032v9Nz0