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Multi-entity partnership accounting
Investments data aggregation
Audit-ready from day one
Sumit Software is a young general ledger tool that publishes no client count or asset total. Asseta is a full family office suite with published scale and stronger security certifications.
Book a demo today90+ families and $130B+ in assets run on Asseta, with 99.9% uptime since launch.
Asseta lists SOC 2 Type II, ISO/IEC 42001 and GDPR on its public Trust Center. Sumit leaves the encryption, banking credential and access control questions unanswered.
Bill pay, banking and cash, forecasting, collectibles and a document vault ship in one suite. Sumit lists a ledger, consolidation and reporting.
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Sumit Software | |
|---|---|---|
| Platform scale | 90+ families, $130B+ in assets | Smaller average family AUM, less enterprise use. |
| Uptime | 99.9% since launch | No uptime data available |
| Security certifications | SOC 2 Type II and ISO/IEC 42001 | No ISO certification stated |
| Security details | Public Trust Center at trust.asseta.ai | Encryption, credential and access control answers left blank |
| Bill pay and banking | Bill, Ramp and real-time bank feeds | Bill integration |
| Forecasting, collectibles and documents | Included in the suite | Not available |
| Bring your own key encryption | Available | Not available |
| Technology | Built on a modern stack: Python, TypeScript and React on AWS | Ruby on Rails and Hotwire |
| Partnership accounting | Capital accounts and allocations by ownership | Preliminary module with limited functionality. |
Why Asseta wins: Asseta is purpose-built for family offices and proven at scale. It brings 90+ families, $130B+ in assets, SOC 2 Type II and ISO/IEC 42001, and a full suite beyond the ledger.
Today's top finance teams trust Asseta to close faster, report in real time and move their family office forward.
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