Benefits of investment management software
If you want to understand your net worth, keeping track of your financial asset performance is essential. At times, this seems easier said than done – especially if you are a complex wealth owner. After all, when your money is tied up in non-bankable assets like property, art, fine wine and stocks, your net worth is much more than figures in an account.
This is where investment management software comes in. There are multiple benefits to using investment software to track financial asset performance. Here are just a few of them.
What are the benefits of investment management software?
1 – Investment reporting software lets you see the complete picture
Having an overview of your assets and liabilities on one asset data management platform gives you an accurate idea of your overall financial health. With the figures all together on one screen, you can quickly see where most of your money is invested and which assets are performing best. Knowing your net worth and having a clear investment analysis makes it easier to make future investment decisions.
2 – It gives you perspective
The right portfolio management software can help give you a clearer picture and understanding of your wealth. Seeing your assets together in one place can help keep things in perspective during uncertain times. If the value of one asset type goes down – for example, stocks in the current bear market – it’s less stressful if you can see this data next to other asset types that are increasing in value.
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3 – Figures are up-to-date and accurate
Investment tracking can be time-consuming and complex. Many people track net worth manually using a spreadsheet, but this often means reading through financial reports or spending time on various websites collecting up-to-the-minute data. Manual data analytics also leaves a margin for human error, and inaccuracies can creep in over time. A benefit of investment reporting software – such as Altoo.io – is that it can automatically pull in the most accurate, up-to-date data, providing a clear real-time investment analysis.
4 – Investment management software simplifies complex wealth management
Everyone knows that it’s wise to spread wealth over various asset types. Unfortunately, this does come with complications, especially regarding investment tracking value. Using investment management software puts everything in one place so you can see your real estate and fine art value next to cash in the bank. Rather than estimating the value of non-bankable asset types, with investment performance monitoring, you can see a number based on current market value and understand which areas of your portfolio are worth the most.
5 – Reporting software can help to improve decision making
A key benefit of investment reporting software is having a comprehensive overview of your entire asset performance, giving you and your finance manager the transparency required to make informed decisions. Being able to see patterns in your investment history and where most of your money is currently stored makes data-driven investment decisions much easier, and can help with future investment strategies. The benefits of financial management mean you can quickly see where money should be moved from and which areas would benefit from diversification, aiding risk management.
Ready to start tracking on an intuitive investment management system?
If you’ve got complex wealth to keep track of, choosing the right investment management software is vital. Altoo.io combines an intuitive interface with exceptional security. Our investment reporting software is also free from the financial jargon that plagues financial reports, so it’s easy to use daily, even if you’re a time-poor individual.
Are you ready to discover the benefits of investment management software? Request a demo of the Altoo Wealth Platform today and find out how we can help you track complex wealth.
