Financial Services

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.

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.

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.

• 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.

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.

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.

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.

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.

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.

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

• 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.