Sub-accounting

Turn your sub-accounting cost center into a profit center

Ren’s sub-accounting solution helps financial institutions manage participant funds with ease and efficiency. Designed for fiduciaries, donor-advised fund (DAF) sponsors, and institutions managing complex charitable accounts, our solution simplifies accounting and reporting for foundations, endowments, and nonprofit organizations. Powered by advanced automation and integrated with existing systems, it offers real-time access, transparency, and scalability, turning a traditionally cumbersome process into a growth opportunity.

What is sub-accounting?

Sub-accounting is the practice of managing multiple charitable funds while tracking each individual participant’s contributions, distributions, and investment performance, such as gains, losses, and fees. While nonprofits aggregate funds for investment purposes, they are still required to report at the sub-account level. Ren’s sub-accounting solution is specifically built for financial institutions that manage these complexities, enabling seamless tracking and reporting with reduced manual effort.

Key features and benefits

Operational efficiency

Streamline operations and improve service quality without increasing staff size. Automate manual tracking and reporting tasks, eliminating the need for spreadsheets and reducing error-prone processes.

Real-time access and transparency

Financial institutions and their nonprofit clients benefit from real-time data access, enabling better decision-making and planning. Client administrators and participants have 24/7 access to their balances, transaction histories, and reports, improving engagement and transparency.

Automation and error reduction

Automate sub-account transactions, including contributions, distributions, and spending rules. This reduces manual input and minimizes human errors, improving both operational efficiency and service quality.

Customizable client experience

Offer personalized, configurable online portals for each of your clients. The dynamic interfaces provide constituents with secure access to their real-time financial data, ensuring a tailored experience.

Compliance and reporting

Maintain full transparency and audit tracking capabilities with detailed, participant-level reporting. Gain better visibility into fund performance, cash flow, and spendable balances, all while ensuring compliance with charitable gift standards.

Who benefits from sub-accounting?

Ren’s sub-accounting solution is perfect for financial institutions serving charitable endowments, foundations, and nonprofit organizations. These organizations often require complex, detailed tracking of multiple participants under a single umbrella fund, and our solution enables institutions to manage this seamlessly while offering superior client service. Whether it’s a large-scale foundation or a small community nonprofit, our platform supports all needs efficiently, allowing financial institutions to scale their charitable services profitably.

Ren’s industry impact

With nearly 40 years of experience in philanthropic solutions, Ren has developed the expertise and technology that over 200 institutions rely on to manage charitable funds. We currently support more than $150 billion in charitable assets across a diverse portfolio of nonprofit organizations, universities, community foundations, and financial firms. Our sub-accounting solution helps institutions increase operational efficiency, reduce administrative overhead, and grow their nonprofit and foundation business.

Why choose Ren for your sub-accounting needs?

Turnkey solution: Seamlessly integrates with existing trust and investment management systems. Ren’s solution allows for easy scaling of participant accounting services without the need for additional administrative staff.

Scalable and secure: With real-time processing, customizable portals, and multi-level reporting, financial institutions can scale their sub-accounting services efficiently while maintaining the highest levels of security and compliance.

Advanced technology and automation: From automated transaction processing to advanced reporting tools, Ren’s platform is designed to optimize efficiency and ensure you can provide the best possible service to your nonprofit clients.