Building a Future-Ready Accounting System for an Investment Firm
PROJECT INFORMATION
This independent, privately-held investment management company, headquartered in Jersey City, New Jersey, offers a range of fixed-income and equity strategies to individual and institutional investors. As a growing firm, they needed modern financial tools to support their operational goals.
CHALLENGES
The client’s outdated accounting system and manual processes created inefficiencies and limited visibility. Key challenges included:
- Legacy Systems: Unsupported Sage Platinum system hindered scalability and modernization.
- Manual Workload: Extensive reliance on paperwork increased processing times and error rates.
- Limited Reporting: Inadequate analytics and reporting capabilities restricted financial oversight and decision-making.
RESULTS & IMPACT
Drivestream implemented Oracle ERP Cloud, equipping the firm with modern accounting capabilities and transforming their financial operations.
Solution Highlights:
- Enhanced Financial Controls: Delivered a real-time, 360-degree view into financial ledgers, improving transparency and oversight.
- Standardized Processes: Unified account segments and hierarchies across the organization for consistent financial reporting.
- Integrated Financial Teams: Aligned the Financial Planning and Analytics team with the Core Financials team, streamlining workflows.
- Industry Leadership: Positioned the client as an early adopter of the full Oracle Fusion Financials Cloud suite in the securities industry.
Drivestream’s Oracle ERP Cloud implementation provided the client with a scalable, efficient accounting system that supports their growth and operational goals. The transformation enabled better financial controls, improved team alignment, and a real-time view of financial data, empowering the firm to make informed decisions with confidence.
LOOKING FORWARD
Oracle ERP Cloud provides this investment management firm with a robust foundation for future growth, ensuring scalability, efficiency, and better financial oversight.
Ready to transform your financial operations? Contact Drivestream to explore how Oracle Cloud solutions can optimize your business.