Forest Systems
Forest Systems provides cloud-based multi-entity accounting, investment portfolio tracking, and AI-powered financial reporting for family offices, CPA firms, and RIAs, aggregating data across 11,000+ financial institutions via its Forest Connect platform.
- Company typePrivate
- Founded1987
- HeadquartersMountain View, United States
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
What Forest Systems does
Forest Systems, Inc. is a privately held, founder-led software company headquartered in Mountain View, California, with additional offices in Charlotte, North Carolina and Houston, Texas. The company provides a unified cloud-based accounting, investment reporting, and financial data aggregation platform purpose-built for single and multi-family offices, CPA firms serving high-net-worth clients, trust and estate managers, and registered investment advisors. Its core platform consolidates general ledger, portfolio accounting, trust and estate accounting, partnership accounting, intercompany transactions, and private foundation accounting into a single system, and aggregates financial data across more than 11,000 institutions via its Forest Connect module. The company is the operational successor to Financial Navigator, founded in 1987 by Ed Van Deman; after the 2017 acquisition of Financial Navigator, the founder re-established Forest Systems in 2021.
The product surface is built on AWS infrastructure with SOC 2 Type II certification (achieved December 2024) and includes Forest AI, comprising Forest Enter for workflow automation (document parsing, reconciliation, transaction categorization) and Forest View for generative reporting, visualizations, and financial summaries. Forest Systems generates revenue through annual subscription contracts with quote-based pricing tied to entity count, transaction volume, and feature tiers, supplemented by professional services for implementation and data migration. Go-to-market is consultative enterprise field sales with personalized demos, custom chart-of-accounts design, and phased onboarding; marketing is primarily content-driven through an insights blog, webinars, LinkedIn, YouTube, and industry event participation. Key technology and distribution partnerships include Addepar (investment reporting), BILL (AP/AR automation), Summitas (secure client portal), Stellar (generative AI), Plaid (data aggregation), and AWS (cloud infrastructure), positioning Forest Systems as an emerging accounting and reporting layer within the broader family office technology ecosystem.
Forest Systems firmographics
Firmographics- Name
- Forest Systems
- Legal name
- Forest Systems, Inc.
- Website
- https://forestsystems.com
- Company type
- Private
- Founded year
- 1987
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Forest Systems provides cloud-based multi-entity accounting, investment portfolio tracking, and AI-powered financial reporting for family offices, CPA firms, and RIAs, aggregating data across 11,000+ financial institutions via its Forest Connect platform.
- Ownership category
- akta.pro rank
Where Forest Systems is headquartered
LocationHeadquarters
- HQ city
- Mountain View
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
Forest Systems business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Infrastructure, Operations, Marketing or Sales, Others
Revenue model
- Software Subscription: Cloud-based accounting and reporting platform sold as subscription service with pricing based on entity count, transaction volume, and feature tiers. Includes implementation services, data migration support, and ongoing customer success management.
- Professional Services: Implementation and onboarding services including entity structure design, chart of accounts customization, data migration, and workflow configuration. Provided as part of the customer implementation process.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Custom enterprise pricing based on entity count and feature requirements |
Go-to-market motion2 records
Distribution channels1 record
Marketing channels5 records
Forest Systems product offering
Product offeringCore offering
Forest Systems provides a unified cloud-based accounting and investment reporting platform for family offices, CPA firms, and ultra-high-net-worth clients. The platform integrates general ledger, portfolio accounting, trust and estate accounting, partnership accounting, intercompany transactions, and private foundation accounting, augmented by Forest AI automation and Forest Connect data aggregation across 11,000+ financial institutions. Pricing is delivered as an annual subscription with implementation and onboarding professional services.
Product overview
Forest Systems offers a unified cloud-based accounting and investment reporting platform designed for family offices, CPA firms, and ultra-high-net-worth clients. The core Forest Platform integrates general ledger accounting with specialized modules including Portfolio Accounting, Trust and Estate Accounting, Partnership Accounting, and Private Foundation Accounting. Forest AI (comprising Forest Enter and Forest View sub-modules) provides built-in automation for document analysis, reconciliation, and report generation. Forest Connect enables data aggregation across 11,000+ financial institutions. The platform is architecture is unified—all modules share the same database and reporting infrastructure, enabling real-time visibility across entities, investments, and accounting data.
Differentiator
Problem solved
Functional benefit
Products and services
- Forest Platform Unified cloud-based accounting and investment reporting platform that integrates general ledger, portfolio accounting, trust and estate accounting, partnership accounting, intercompany transactions, and private foundation accounting within a single system. Built for family offices, CPA firms, and ultra-high-net-worth clients managing complex multi-entity, multi-asset portfolios.
- Forest AI AI capabilities embedded directly into the Forest platform for automating workflows, reducing manual work, and accelerating financial reporting. Includes document analysis, transaction categorization, bank and brokerage reconciliation, report generation, and custom financial statement subtotals, delivered through the Forest Enter and Forest View sub-modules.
- Forest Connect Data aggregation hub that connects the Forest platform to 11,000+ financial institutions worldwide, including banks, brokers, custodians, credit cards, and investment platforms. Aggregates and normalizes transaction and balance data and powers OAuth-based integrations with partners such as Addepar.
Quantifiable outcome
- Eliminates duplicate data entry between accounting and investment platforms through Addepar integration
- +3 more outcomes
Companies that use Forest Systems
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles3 records
Forest Systems technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration7 records
AI capability9 records
Feature6 records
Forest Systems partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core, key, infrastructure, data aggregation and supporting.
- BILLcoreAPI integration connecting BILL's accounts payable automation with Forest Systems' accounting and reporting platform. Automates vendor, invoice, payment, and transaction synchronization; reduces manual data entry; improves financial visibility with near real-time updates. Creates unified workflow for AP/AR operations with configurable approval workflows.
- AddeparcoreIntegration partnership enabling seamless data flow between Forest accounting and Addepar investment platforms. Eliminates duplicate data entry, connects accounting records to investment data for near real-time insights, and uses OAuth-based access through Forest Connect. Supports phase-based implementation from transaction sync to entity bootstrapping and alternative valuation imports.
- SummitascoreStrategic partnership integrating Forest Systems' comprehensive financial reporting platform with Summitas' secure digital client portal and vault. Enables automated report flow into Summitas secure portals, real-time access, file sharing, e-signature, and seamless messaging within a branded environment for high-net-worth family clients.
- StellarkeyIntegration combining Forest Systems' accounting with Stellar's Generative AI capabilities. Includes AI-powered reporting for automatic monthly commentary generation, secure 'Airlock' intelligence ensuring AI queries remain in SOC2-compliant private environment, and predictive forecasting using machine learning for cash flow scenarios and tax implications.
- AWSinfrastructureCloud infrastructure partner providing the underlying AWS infrastructure that supports all Forest applications and client data. Forest AI runs on Amazon Web Services infrastructure with encrypted storage and nightly backups.
- Plaiddata aggregationData aggregation partner enabling connection to financial institutions for transaction and balance data. Part of Forest Connect's capability to aggregate data across 11,000+ financial institutions worldwide.
- F2StrategysupportingAdvisory partner contributing to Forest's ecosystem of trusted collaborators who share values of integrity and professionalism.
- Wolters KluwersupportingPartner providing integration capabilities for tax and regulatory compliance tools within the Forest ecosystem.
- QuoinsupportingStrategic advisor and partner within Forest's ecosystem of carefully selected collaborators.
Scale indicators5 records
Recent moves6 records
Expansion highlights6 records
Forest Systems competitors and assessment
Company assessmentDirect peers
- Yardi Systems: Yardi offers real estate investment and property management software, including accounting and reporting modules used by family offices and syndicators with significant real estate holdings. Forest Systems lists real estate investments as a supported asset class, making Yardi a comparable solution for the real estate-heavy subset of family office clients.
- Black Diamond (ICE): Black Diamond, owned by Intercontinental Exchange, is a wealth management platform serving RIAs and family offices with portfolio accounting, reporting, and rebalancing. It is directly comparable to Forest Systems on multi-custodian aggregation, performance reporting, and family-office-grade workflows.
- FundCount: FundCount is accounting and portfolio management software for family offices, fund administrators, and wealth managers, with strong multi-currency and partnership accounting capabilities. It overlaps with Forest Systems on multi-entity accounting, partnership accounting, and integrated investment/GL workflows for HNW clients.
- Masttro: Masttro is a wealth reporting and aggregation platform purpose-built for family offices and ultra-high-net-worth investors, consolidating multi-bank, multi-asset, and multi-entity data into consolidated reporting. It is a direct peer on the family-office consolidation and reporting layer Forest Systems targets.
- Orion Advisor Solutions: Orion provides portfolio accounting, reporting, and advisor technology for wealth managers and family offices, and is now part of Brookfield. It competes with Forest Systems on investment accounting, performance reporting, and multi-custodian data aggregation for HNW advisory firms.
- Addepar: Addepar is a leading investment reporting and analytics platform for family offices, RIAs, and private wealth managers. It overlaps directly with Forest Systems on family office portfolio reporting, multi-entity views, and alternative-asset tracking, and is also a current Forest integration partner — making it both a peer and a partner/competitor simultaneously.
- SS&C Advent (Geneva / Advent Portfolio Exchange): SS&C's Advent suite — including APX and Geneva — provides investment accounting, performance measurement, and reporting for asset managers, family offices, and alternative investment firms. It is one of the most entrenched incumbents in the same family-office accounting and reporting niche Forest Systems targets.
Broad incumbents
- Sage Intacct: Sage Intacct is a leading cloud financial management platform widely adopted by CPA firms and mid-market organizations. It is a broad incumbent with multi-entity and dimensional accounting capabilities that compete for the same family-office and CPA-firm buyers, though it is not family-office-specialized.
- Intuit QuickBooks Enterprise: QuickBooks Enterprise is a broadly deployed small/mid-market accounting platform frequently used by smaller family offices and CPA firms as a lower-cost alternative. It competes on price and familiarity rather than feature depth, but is the default incumbent many prospects start with.
- NetSuite (Oracle): NetSuite is Oracle's cloud ERP suite including multi-entity general ledger, consolidation, and reporting used by larger and more complex organizations. It is a broad incumbent alternative for family offices that have outgrown entry-level accounting tools, even if it is not purpose-built for the niche.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Forest Systems social profiles
Digital presenceForest Systems financial estimates
Financial estimateRevenue estimate
Valuation estimate
Forest Systems leadership team
Management profileNumber of profiles
Profiles6 records
Forest Systems funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Forest Systems M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Forest Systems
What does Forest Systems do?
Forest Systems provides a unified cloud-based accounting and investment reporting platform for family offices, CPA firms, and ultra-high-net-worth clients. The platform integrates general ledger, portfolio accounting, trust and estate accounting, partnership accounting, intercompany transactions, and private foundation accounting, augmented by Forest AI automation and Forest Connect data aggregation across 11,000+ financial institutions. Pricing is delivered as an annual subscription with implementation and onboarding professional services.
Is Forest Systems a public or private company?
Forest Systems is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Forest Systems founded?
Forest Systems was founded in 1987. It employs 1 to 10 people.
Where is Forest Systems based?
Forest Systems is headquartered in Mountain View, United States, in the North America region.
How does Forest Systems make money?
Two revenue lines are on record. Software Subscription is the primary driver. The others are professional Services.
Who are Forest Systems's main competitors?
Direct peers on record are Yardi Systems, Black Diamond (ICE), FundCount, Masttro, Orion Advisor Solutions, Addepar and SS&C Advent (Geneva / Advent Portfolio Exchange). Broad incumbents are Sage Intacct, Intuit QuickBooks Enterprise and NetSuite (Oracle).
Does Forest Systems have an API?
Yes. Forest Systems offers an API integration with BILL (NYSE: BILL) that connects accounts payable automation with Forest's accounting and reporting platform. The integration enables firms to automate AP/AR workflows, synchronize vendors, invoices, payments, and transactions, reduce manual data entry, and improve financial visibility with near real-time updates. The Addepar integration uses OAuth via Forest Connect for authentication and permissions. No public developer portal, SDK documentation, or API versioning details are available from the source material.