Get out of data entry
and back into accounting.
Move data the smart way.
- Translate detailed investment data into your GL
- Smart, rules-based movement ensures accuracy
- Managed by our highly experienced team
KnowLedger is a data service that moves data from portfolio accounting systems and custodians with a rules-based approach that ensures accuracy, completeness, and data confidence. Our team works closely with you to establish mappings and data flow, then oversees the recurring movement of the data from your source data to your GL.
KnowLedger has helped to free up our accountants who now can focus on reviewing the data and making decisions.
Phil Smith, GCI
KnowLedger is peace of mind.
At its heart, KnowLedger is a service that moves data from one (or more) system to another, your portfolio accounting system(s) to your GL. But in order to do that successfully, you must have good source data, good rules and mapping, good workflows and diligent data entry with unbelievably-focused attention to detail. KnowLedger does all of that for you. We not only move your data, but in doing so, we simultaneously audit your data health. We monitor your entity and portfolio rules. We eliminate data entry problems. Eliminate redundancy, re-keying. Eliminate latency. And deliver up-to-date accuracy across your integrated financial network.
Firms want solutions that free up their resources to focus on their core business, not wrangling data.
Ryan Kerry, Founder, KnowLedger
Eliminate Data Headaches
- Period-end processing is time consuming
- Getting everything in on-time is stressful
- Re-keying is error-prone and costly
- Late data causes delays in decision-making
- Reallocate accountants' time away from data entry
KnowLedger can enter the data much more frequently than accountants doing it manually. This means problems are found and fixed more quickly, intra-month. Therefore, the month end process lasts only a few days.
GETTING STARTED
Onboarding starts with a questionnaire, data spreadsheets, an on-site interview process, and analysis of your Chart of Accounts. From these sources we are able to determine the level of complexity involved with your accounting environment.
CONNECT TO ANYTHING
Since KnowLedger is a service, not a software platform, it works with any portfolio accounting system and any general ledger system. We maintain a library of systems and have designed the flexibility of our service as an integral part of the process.
MORE FREQUENT UPDATES
Our clients ultimately determine the frequency for updating the GL, but many operate as frequently as daily. This enables faster data correction, greater accuracy, and an efficient period-end reconciliation.
KnowLedger is ideal if you…
- Have over 10 entities
- Struggle to close the prior period quickly
- Value your accounting staff’s time
- Have high accounting staff turnover
- Prefer detailed journal entries and a lot of sub-accounts/dimension reporting
- Want to map descriptions/memos from the custodian to your journal entries
If your office is trapped in a never-ending pattern of compiling detailed reports, reconciling data issues, manually re-keying endless transactions, and spending more time on data than decisions–KnowLedger might be right for you.
Benefits of KnowLedger
- Efficient and accurate automated posting of source data
- Reconciliation of source data in an accounting view from the investment data
- It’s FAST! Eliminates hours of manual data entry every week or month
- It lets your accounting staff separate the data entry and the audit process
- Gets you out of data entry and back to accounting
