Estateably Launches New Accounting Solution To Meet Demands For Estate Management

Montreal, Quebec, Canada — April 29, 2024 — Estateably, a leader in cloud-based estate and trust administration technology, today launched a new accounting-focused feature designed to support accountants with managing finances for estate matters. Powered by AI and automation, Estateably’s innovative tool offers a streamlined approach for accountants to provide robust estate accounting capabilities.

Estateably’s accounting application enables accountants to efficiently manage an estate's complexities, including the day-to-day financials, court-formatted documentation, and various compliance requirements. By leveraging AI and automation, accountants can reduce the administrative burden associated with estate accounting. The solution dramatically reduces the risk of human error and frees up accountants to focus on higher-value activities such as strategic advising, tax planning, and personalized client engagement.

"Our new offering for accountants is a direct response to the growing demand for smarter, user-friendly estate management tools," said Ari Brojde, Co-Founder and CEO of Estateably. “By digitizing and automating tedious aspects of estate accounting, we empower accountants to exceed their clients' evolving expectations, especially in managing the unprecedented $129 trillion wealth transfer from baby boomers to their heirs."

Adding to its full suite of trust and estate administration tools, Estateably designed its latest feature specifically to support accountants' crucial role in guiding families through estate transitions.

The New Estateably Accounting Solution Includes:

• Targeted Accounting Files: The new feature introduces a specific file type for estate accounting, designed for professionals who manage estate financials.
• Automated Forms and Letters: Estateably’s court forms and letters are categorized by file type, making the documentation aspect of their work more efficient and easier to manage.
• Streamlined for a New User Group: Tailored to accountants, this feature addresses a gap in the market for dedicated estate accounting tools without the broader scope of estate administration.
  
• Cost-Effective Solution: This feature offers a cost-effective alternative for accountants to focus solely on accounting practices that professionals can disburse to thier clients.

"This new feature delivers exactly what our users asked for tools for professionals who are engaged in estate accounting but do not need to navigate the complexities of full estate administration," said Chris Brockwell, Director of Customer Success and Professional Services at Estateably. "We recognized the need for a more directed, accounting-specific product and are proud to offer a solution that enhances efficiency while reducing unnecessary expenditures."

To learn more about Estateably’s new accounting solution, connect with a member of the team.

About Estateably

Estateably is a leading cloud-based software enabling professionals to streamline their estate and trust administration practices. Professionals save time through the automation of probate forms and precedent letters, the ability to manage inventory and contacts with easy-to-use accounting and one-click reports. The award-winning software is used by over 1,000 firms and over 2,500 practitioners across Canada and the United States. Estateably is SOC2 Type II certified. The company has been voted the top estate and trust administration software by Canadian Lawyer Magazine and named an industry leader by American LegalTech and others. Learn more at www.estateably.com.