SumIt
The product is a centralized accounting platform designed specifically for family offices, featuring a multi-entity general ledger that allows users to manage multiple entities with a single login. It utilizes AI for automated transaction categorization, integrates with banking services, and supports consolidated reporting across various entities.
- Industry: Family Office Tech
- Location: New York, New York, United States
- Founded: 2022-08-01
- Total funding: 4000000
- Website: https://getsumit.com
Product & Features
- SumIt centralizes bookkeeping and entity information for streamlined family office accounting.
- It visualizes ownership structures to simplify complex entity management.
- Users can query information, book inter-entity journal entries, and generate consolidated statements easily.
- The platform reduces quarter-end closing time by 10-15 days, enhancing operational efficiency.
- SumIt incorporates user feedback to continuously improve its features and user experience.
- It provides a single login for accessing all entities and their ownership structures.
- The interface is intuitive and designed for ease of use, catering to family office needs.
Notable Customers
- MCP
- Deviate Consulting
- Mariner Wealth Advisors
- Veridian CPA
Founders & Team
- Alexandre — Co-Founder, CEO
- Fernando — Co-Founder, CTO
Integration partners
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Frequently Asked Questions
What is SumIt?
The product is a centralized accounting platform designed specifically for family offices, featuring a multi-entity general ledger that allows users to manage multiple entities with a single login. It utilizes AI for automated transaction categorization, integrates with banking services, and…
What does SumIt do?
SumIt centralizes bookkeeping and entity information for streamlined family office accounting. It visualizes ownership structures to simplify complex entity management. Users can query information, book inter-entity journal entries, and generate consolidated statements easily.
Who are SumIt's customers?
SumIt's customers include MCP, Deviate Consulting, Mariner Wealth Advisors, Veridian CPA.
Who founded SumIt?
SumIt was founded by Alexandre and Fernando.
What category does SumIt fall under?
SumIt is a legal technology company in the Family Office Tech category.
Where is SumIt based?
SumIt is based in New York, New York, United States.