Create Business Insights When You’re Data Rich But Time Poor

Are you drowning in data?

The vast amount of data available to finance leaders within wealth and asset management firms is a doubleedged sword. While it can offer a competitive advantage, collecting and synthesizing data across multiple files and sources to draw actionable insights can be an absolute time sink. And complexity continues as fees are expected to decline by 20%, while assets under management are expected to increase, causing firms to turn to productivity boosting technologies1 to survive.

The challenge is that many existing accounting systems used today were built decades ago and cannot keep up with today’s always on business landscape. As finance leaders grow their businesses through a mix of organic and inorganic growth, the result is a sprawling and fragmented data infrastructure overly reliant on manual processes2.

However, improved efficiency in the middle and back office can lead to 10-30% lower costs4.

Drive efficiency & optimize your investment process

Sage Intacct saves Wealth and Asset Management finance leaders hundreds of hours and tens of thousands of dollars per year, by solving their challenges in:

Complex multi-entity management and reporting

Complexity abounds. The financial consolidations process can take weeks of assembling financial information of multi-entities, reconciling it from several spreadsheets or instances of QuickBooks, and finally creating the reports. This is compounded by the challenges associated with managing diversified investment types to multiple currencies/locations to international business activities.

Inadequate business intelligence tools

Traditional accounting systems are not able to offer a streamlined financial view or “one source of the truth” of a firm’s financial health. These systems are not designed to slice and dice data easily and automatically uncover insights.

Disjointed data sources and incomplete visibility

When financial data from other systems and apps sit apart from your accounting system, this often requires manual entries and monitoring by the finance team — activities that are all time-consuming, error-prone, and tactical.

Increased compliance risk

Financial firms are expected to proactively find and mitigate issues and are engaged by regulators on a more frequent basis5. It falls on finance leaders to ensure the completeness and accuracy of the data, which often comes from disparate sources.

1 PWC, “Asset and Wealth Management Trends 2019,” May 2019
2 EY, “Joined-up data: a Board imperative,” June 2018.
3 BCG, “Global Asset Management 2018: The Digital Metamorphosis,” July 2018
4 McKinsey, “Advanced analytics in asset management: Beyond the buzz,” March 2019
5 2019 Investment Management Regulatory Outlook Deloitte & Touche LLP –