Financial Services

ERP Advisors Group (EAG) is one of the top independent enterprise software advisory firms for Financial Services.

Financial Services may only need a modern flexible general ledger to relieve back-office staff from manual processes and consolidations. Other times, they may need intricate reporting and analytics to pull together information across multiple lines of business applications; and still other times they may need a tool for customers to access their account, statements and documents. We can help your FinServ company to find the right tool without overbuying software you won’t need or use.


ERP Help for Financial Services

ERP Advisors Group acts enlists consensus with Financial Services firms to define requirements, set their software strategy for one or multiple companies, provide a roadmap for future aquisitions and dispositions, conduct a diligent vendor selection process and manage the entire implementation.

Develop the ERP Strategy for Your Financial Services Company

We will define your software needs and wants as well as how you would ideally use new automated solutions across for your financial services company, whether you are a commercial bank, investment bank, insurance company, brokerage firm, family office etc.

Select New Software for Your Organization

We will guide you through selecting the best-fit, most cost-effective business applications and implementation partners to best automate and streamline accounting systems, provide detailed analytics and reporting, manage and organize client data, etc.

Implementation Project Management

After finalizing your ERP software and services contracts, EAG stays with you to oversee your portfolio's implementation until they successfully go live.  We will oversee integrations, software data migration, change management, budgets, design and configuration, walkthroughs, training, testing, go-live cutover and will provide executive and project sponsor support throughout the duration of your project.

Data Migration

We assist with all components of data migration: extraction, cleansing, transformation and loading into your new system to ensure you have complete confidence in the accuracy of your data at go live.

Why Financial Services Companies Seek ERP Upgrades

Surveys across all of our financial services clients reveal the most common reasons why they need new ERP to automate their business:

  • Unable to report on KPIs and other management requests without significant manual research and work.
  • Unnecessary steps for recurring invoices that fall within predetermined thresholds and could ideally be automated.
  • One-off invoicing needs requires manual processes.
  • Inconsistent information across organization requires manual research and correction, significantly delaying report response time.
  • Companies struggle to enforce and ensure that every employee is following industry and companywide standards due to lack of visibility.
  • Lack of a robust customer portal prevents customers from viewing their activity and account history.
  • Do not have aging reports that can be pushed to clients.
  • Time-consuming to create consolidated financial statements across multiple ERPs. Inaccurate data analytics due to manual intervention.

We’ve found it valuable to have someone to hold our hand, so to speak, through this process, and help assist us in finding the right fit for an implementation partner, helping us select the right software, and introducing us to the options in the market. Hiring ERP Advisors Group was super helpful to us. We are currently short-staffed and we could not have spent the required time on this project if we were to do it alone. I definitely feel comfortable passing along ERP Advisors Group name to others.

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Michael Thornley




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Why You Should Hire ERP Advisors Group

We are 100% independent ERP consultants, and we never take commissions or payments from any vendors. Combining our objectivity with our white-glove selection process, you will be absolutely certain that you are selecting the right software and implementation resources.


Our financial services companies are already very busy managing their clients investments, funds and financial products and do not have time to become ERP experts.  Though your key people still have to devote some time to an ERP initiative, hiring an ERP consultant frees them up to make the important ERP decisions while staying focused on their day job.

Complex Business Processes

The more complex your business, the more likely for difficulty when selecting and implementing software.  ERP Advisors Group will help you uncover your true needs and will only vet the most viable options for your size, requirements, resources and strategy.



Best Practices for Your Industry

We will create your requirements document and demonstration script with your FinServ company's industry best practices in mind while retaining what is unique to them, leaving out the manual workarounds.


Change Management

Some FinServ companies hire us to help when they suspect they need a business case for new software.  ERP Advisors Group helps stakeholders buy into what is best for the company by getting their input at multiple stages throughout the Needs Analysis, Selection and Implementation.


Vendor Demonstrations

A frequent complaint we hear from prospects who tried to select software on their own is feeling confused about the software's capabilities.  We get vendors to show your requirements during their product demonstrations.  This ensures you feel confident about selecting the best products that can meet your needs.

Contract Negotiations

We negotiate tens millions of dollars of deals every year for our clients.  We provide contracts review on all terms and conditions, including software and services and every agreement embedded throughout the contract.  Our clients receive price protection for many years to come on their purchase.  While we don't guarantee it in writing, we normally save our fees on this step alone


How to Know If You Need an ERP Upgrade - Free Download 

Benefits to Upgrading Your ERP Software

ERP Advisors Group's Needs Analysis will uncover the benefits your company would realize with an ERP software upgrade.  Some of the most common benefits your financial services company will realize include:

  • Application solution that is cloud based, scalable with high confidence around security.
  • Support emphasis of financial reporting activities with robust functionality, automated process and understanding of system logic and use.
  • Automated contract and license renewals, as well as automatic tracking of all transactions and orders.
  • Create in-depth financial and FP&A reports with drill down capability and availability for high level viewing.
  • Automated process with calculations executed in system and invoice in PDF form sent to customer.
  • Provide meaningful and customizable out of the box information and reporting throughout the organization.
  • Automated budget creation and approval process.
  • Resources focused on strategic activities vs reconciliations or manual process of gathering data from multiple sources.
  • New system automatically updates to comply with consistently changing regulations.
  • New system offers firewalls and security measures that lower risks of data breaches. Access points are more easily monitored with increased security levels.

I’m very happy to refer people to ERP Advisors Group. I really appreciate their integrity, and the fact that they are truly dedicated to making sure that your implementation is successful. ERP implementations are very stressful, and they can be very disruptive. It’s really nice to have someone like EAG championing your cause and making sure that your project is a success.

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Karl Nicholls


Karl Nicholls


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Financial Services ERP Vendors

ERP Advisors Group will help you not only define your requirements but more importantly, we will bake in the best practices for your financial services company into your Request for Information and Demonstration Script.

We conduct dozens of selections every year, equating to tens of millions of dollars in software and services sales.  With our deep knowledge of financial services ERP, we will help you find right the ERP for your company, AND the right professional services company to implement it. 

We regularly vet the top, most viable ERP systems for Financial Services firms.

Let’s Get Started

Contact us today to start the conversation.