Armanino Announces Advanced AI and Automation Services to Bridge the Tech Gap for Family Offices
May 01 2024 - 12:00PM
Business Wire
Armanino LLP (Armanino), a top 20 national accounting and
consulting firm, introduces a suite of artificial intelligence
tools and time-saving automated solutions to drive efficiency and
high-quality service for family offices. To spearhead this
initiative, John Stewart, Partner and Strategy & Transformation
leader at Armanino, joins the Family Office leadership team,
co-leading alongside Chris Mays, Partner at Armanino. Together,
they will direct the implementation of Armanino’s new AI and
automation services to support family offices across the
country.
“Family offices, while small and nimble, often struggle with the
advanced tools or expertise needed to transform their operations,
reduce manual tasks, and ultimately enhance how they scale and
manage their clients,” Stewart said. “Now we can offer our
technological prowess and deep industry knowledge to bridge this
critical gap for our clients as they grow and professionalize their
own services.”
Armanino’s family office digital transformation capabilities now
include:
Comprehensive Strategy Assessment: Armanino identifies
and prioritizes each family office's key technological needs, while
factoring in each firm’s people, processes and existing technology.
This strategy-first approach aligns each implementation with the
client’s unique attributes and objectives.
Robotic Process Automation (RPA) Solutions: Armanino
implements Robotic Process Automation (RPA), or “digital workers”
to efficiently manage front- and back-office tasks, such as expense
management, accounts payable, bank statement reconciliation and
investment statement management. Armanino clients have saved up to
15 hours a week with the smart automation of tedious, manual
work.
Advanced AI Implementation: Armanino can now create
customized AI tools to fully automate complex processes, such as
investment due diligence, grant identification and application
support, and advanced financial modeling. This creates a more
efficient operational model that can significantly enhance
decision-making.
Armanino’s Family Office team has served as the trusted partner
for ultra-high-net-worth (UHNW) individuals, now including over 60
billionaires. As the number of UHNW individuals and families have
grown, along with the overall family office industry, Armanino has
made it a priority to not only continue to innovate their own suite
of services but support the family offices connected to this
industry.
"In the world of ultra-high-net-worth individuals, the most
precious asset is time,” says Chris Mays, Partner at Armanino. “We
understand this fundamentally and are committed to ensuring our
clients can maximize their most valuable asset, by taking the
weight of financial matters and complicated financial obligations
off their shoulders with a tailored white-glove service that
handles these necessities with precision and care, allowing our
clients to focus on what matters most to them.”
To learn more about Armanino’s Family Office services click
here.
About Armanino LLP
Armanino LLP is one of the 20 largest independent accounting and
business consulting firms in the nation. A certified B
Corporation®, Armanino provides an integrated set of audit, tax,
business management, consulting and technology solutions to
companies in the U.S. and globally. The firm helps clients adapt
and change in every stage of business, from startup through rapid
growth to the sale of a company. Armanino emphasizes smart
technology, leading a cloud revolution of financial, operational,
sales and compliance tools that are transforming the way companies
do business. Armanino is an independent member firm of Moore North
America Inc. (MNA), which is itself a regional member of Moore
Global Network Limited (MGNL), one of the world’s major accounting
and consulting membership organizations. All the firms associated
with MNA and MGNL are independent entities, owned and managed in
each location. Their membership in, or association with, MNA or
MGNL should not be construed as constituting or implying any
partnership between them. In addition to its core consulting and
accounting practices, Armanino operates its division, AMF Media
Group (amfmediagroup.com), a media and communications services
agency.
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version on businesswire.com: https://www.businesswire.com/news/home/20240430591649/en/
Trevor Davis, Gregory FCA for Armanino 215-475-5931
trevor@gregoryfca.com