Financial Services System Integration

Multi-entity accounting is one of our areas of expertise. Integration and automation are important tools that help us achieve your goals, whether you’re still growing, diversifying, or have a stable business with complex bookkeeping, accounting, and financial management needs.

We use automation to drive accurate multi-entity reporting. This includes scheduling delivery to ensure all parties have access to the same information at the same time. This means stakeholders can prepare for upcoming meetings, which should, in theory, facilitate decision-making by reducing the likelihood of disputes.

This approach includes automated consolidation and intercompany allocations, which keep books accurate and updated in real-time. We also use ERP integrations to standardize charts across entities. This, in turn, aligns data across funds and subsidiaries, which facilitates the quick and easy flow of data, while eliminating manual experts from spreadsheets.

Yes, we can. Dynamic modules are the perfect tools to simplify complex processes because they can automatically allocate costs based on revenue, headcount, and specific metrics.

Transferring to dimensionalized systems also automatically categorizes transactions, which simplifies complex allocations and provides real-time data for leadership to make informed decisions regarding growth or scalability. Reporting is streamlined and structured for ease of use, which is great for multi-entity companies with complex business processes.

Allocations based on filters and dimensions provide clear evidence of drivers and periods. This is incredibly beneficial because the accessibility of evidence (or context) results in smoother audits.

Another great benefit is the ability to manage these models in-system. Not only can you say goodbye to clunky spreadsheets, but you can also take advantage of clear rules and an audit history that prevents internal disputes regarding shared costs.

We specialize in the integration of a full range of financial management and accounting tools into your ERP system. The specific systems integrated depend on your company’s financial management needs, but we typically sync asset management tools so that data flows smoothly into the relevant financials (books, ledgers, and accounts).

We also align CRM and billing systems to revenue and collections, so you can drill down into client or customer-specific information, like cost per client and cost per acquisition. The third type of integration we usually include is linking processing and lending systems. Your staff will be forever grateful because it results in a drastic reduction in manual reconciliations.

While we work with multiple platforms and software systems, Sage Intacct is our preferred ERP. This is due to its stability, flexibility, and scalability. Intacct enables you to integrate things like best-in-class payroll and leave management tools into your financial infrastructure.

Integrating various financial management tools with your ERP platform plays an essential role in your company’s efficiency and short- and long-term performance. For example, integration supports risk management and decision-making by creating a single source of truth that ensures the accuracy and relevance of crucial tasks, including diligence and regulatory reviews.

However, not any old integration will do. Choose your tools carefully because:

• Looking outside of best-of-breed tools can result in clumsy integrations, increasing the risk of breakdowns and disruptions.
• You could get carried away and run the risk of over-customization, which overburdens your system and increases the risk of gremlins in the machine.

Connecting your systems results in real-time data flow across customizable dashboards. This enables you to dive deeply into certain metrics, for example, hedge fund exposure. drawdown tracking, and capital deployment.

Real-time data updates allow leadership to respond quickly to potential risks and make informed decisions based on accurate, up-to-the-minute numbers.

Yes, it absolutely is scalable. Our solutions across all industries and professional services are designed with scalability in mind. This means that you can add modules as your teams and portfolios grow. It also means you can scale back if you plan on gradually wrapping up before you retire.

The tailored, scalable solutions we implement support firms, funds, and departments, while reducing fixed overheads. For instance, instead of hiring new staff, you can release existing employees from archaic and time-consuming manual processes and use their skills to best support the addition of new funds or entities. Scalable modules also ensure your ERP or central platform adjusts to accommodate expansion without requiring rework or engineering upgrades.

Basically, your system sails smoothly on while transaction volume increases.

A quick note: Ensure your integrations can support scaling. Consider this when choosing your third-party systems.