Dynamic Product Roadmap and Latest Product Upgrade Underpin Standard of Excellence and Highlight Family Office Expertise
OAKS, Pa., Dec. 6, 2021 – Archway announced its latest round of product enhancements to the Platform amid significant growth, adding 20 new clients and $125 billion in platform assets since the beginning of 2021. The Archway Platform is the core technology for Family Office Services, a leading provider of technology and services to financial institutions and family offices serving high-net-worth families, including seven of the top 15 wealthiest American families1.
Based on the evolving needs of Archway's expansive community of clients leveraging its family office solutions, the team introduced several enhancements as a part of an Archway Platform upgrade, including automated accounting workflows, additional private equity metrics and a new set of features specifically targeting data collection efficiencies for alternative investments and vendor invoices.
The upgrade builds on the Archway Platform’s extensive workflow capabilities related to cash movements, automated accounting operations and data processing logic, with the rollout of new journal entry approval workflow. For bill pay users, the platform’s latest version includes an in-app image viewer that addresses the ever-growing challenge of data collection from physical documents by facilitating streamlined data entry through digitized invoices. The upgrade also features new additions to its alternative investment analytics library and introduces a new private equity staging table that extends the Archway Platform’s existing private equity functionality through a centralized hub for enterprise-wide PE cash flows.
1Forbes Wealth. “Billion-Dollar Dynasties: These Are The Richest Families In America.” Forbes, 17 December 2020, https://www.forbes.com/sites/kerryadolan/2020/12/17/billion-dollar-dynasties-these-are-the-richest-families-in-america/.
