Elysys vs MYFO
Elysys
elysys.comMYFO
myfotech.comSide by side
| Figure | Elysys | MYFO |
|---|---|---|
| Price from | — | $850/mo |
| Free plan | — | — |
| Free trial | — | — |
| Open source | — | — |
| Web | Yes | Yes |
| Windows | Yes | — |
| macOS | Yes | — |
| iOS | Yes | — |
| Android | Yes | — |
| Self-hosted | Yes | — |
| Plans published | 0 | 1 |
| Spec score · Family Office Software | 7.8 (#7) | 7.2 (#21) |
| Company history | Elysys says it began developing solutions in 2006 and has served clients across four continents. | MYFO says founder Simran Kang began building the platform in 2019 after advising ultra-high-net-worth families at PwC. |
| Headquarters | The contact page lists an Elysys Monaco address at L’Astoria, 26 bis Boulevard Princesse Charlotte, 98000 Monaco, and a US address in New York City. | Canada |
| Integrations | The platform describes connectivity to custodian banks, brokers, Bloomberg, Refinitiv, Telekurs, EDI, and data aggregators. | MYFO lists integrations and partners including Finicity, MX, Plaid, Quiltt, Wealthica, NetSuite, QuickBooks, Sage, Sumit, and Xero. |
| Reporting | Elysys Analytics aggregates financial data into Power BI dashboards and structured reports, including performance, risk, ESG, and scenario analysis. | Users can create consolidated performance reports by asset class, currency, geography, or entity, then export a PDF or share a live link. |
| Security | The maker says access controls are role-based and data is encrypted at rest with TDE and BitLocker and in transit with TLS; encryption cannot be turned off. | MYFO's Trust Center describes the platform as SOC 2 Type 2 compliant and lists security, compliance, and privacy information for review. |
Plans
In their own words
Elysys
Elysys is a family-office platform that combines wealth management, accounting, bill pay, cash flow, and investment management. It handles real estate, businesses, investments, and trusts across multiple entities and jurisdictions. Portfolio tools cover order books, deal flow, performance and risk, benchmarks, and investment mandates; accounting tools include general-ledger and investment accounting, receivables, tax and regulatory reporting, asset tracking, and consolidation. Elysys Analytics brings financial data into Power BI dashboards and reports, including performance, risk, ESG, and scenario analysis. Country-specific settings address tax, accounting, reporting, language, and currency needs, with intercompany transaction support. Built on Microsoft Dynamics 365 Business Central, it offers apps through Microsoft AppSource and describes connections to custodians, brokers, financial data providers, EDI, and data aggregators. Deployment options include on-premises, private cloud, and Business Central SaaS. It runs on Android, iOS, macOS, web, and Windows, with self-hosted deployment also listed. Pricing is on request.
MYFO
MYFO is a web-based family office operating platform for consolidating financial data, entities, documents, stakeholders, and reporting. It aggregates assets and liabilities across accounts and synchronizes information from banks, brokerages, and other financial institutions. Entity management maps family relationships and ownership stakes among people and organizations. Users can produce consolidated performance reports by asset class, currency, geography, or entity, then export PDFs or share live links. Documents are organized by entity with role-based access, automated categorization, and search. AI ingestion extracts positions, transactions, and cash flows from statements, capital call notices, and fund reports. A Claude integration supports plain-English questions about portfolios, concentrations, capital-call schedules, and scenarios. Listed integrations include Finicity, MX, Plaid, Quiltt, Wealthica, NetSuite, QuickBooks, Sage, Sumit, and Xero. MYFO lists SOC 2 Type 2 compliance, AWS hosting, multifactor authentication, audit logging, role-based controls, and continuous monitoring. Onboarding typically takes two to six weeks.