Financial Services

We are independent ERP consultants providing expertise in system selection, best practice and business process improvement for the not for the financial services industry.

Requirements

Some of the requirements that differentiate systems are:

  • Multiple segments - Account structure has flexibility in the number of segments and rules for skipping certain segment and defaults
  • Reporting structure – Can roll up any segments to multiple hierarchies as well as date effectivity on rollups so can generate historical data
  • Analysis or transaction codes offering additional dimensions for analyzing operations without building it into the general ledger account structure
  • Statistical accounts – to track non-financial data
  • Intercompany transactions – with automatic balancing
  • Allocations – to spread revenues or expenses across different departments or companies (with automatic balancing)
  • Flexible financial reporting tool – Includes ability to create financial reports for external use
  • Consolidation – with ownership calculations, intercompany eliminations and foreign currency translations

Systems

Some of the systems that provide solutions for the financial services industry are:

  • Epicor
  • Infor
  • Intacct
  • Microsoft Dynamics
  • Multiview Financials
  • NetSuite
  • Oracle e-business Suite
  • Oracle Fusion
  • Sage 300 ERP (formerly Sage ERP Accpac)
  • SAP Business All-in-One
  • UNIT4 Agresso
  • Workday

Implementers

We are in the process of evaluating which implementers are good choices for the financial services industry. Stay tuned.

Testimonials

"Selecting a new system is a very complicated task, not something you do every day, so it is great to have an expert working with you who is acting in your interest. 180 Systems has a good process and know certain questions to ask the vendor. 180 Systems is not working for them, and that is what you want. They is not going to make your selection for you, but they set you up with the right tools to make the decision. 180 Systems handled it well, had a good format, focused on the bigger things as well as the details."
Ernest Dunphy, Controller
"Michael was very articulate, right to the point, knew his stuff, and provided a very good layout of what are the key steps an organization must go through. He explained terms related to technology, and the price was also right. Michael has a very good tool that pulls information together so that has been quite helpful."
Mireille Khayat , Director, Finance
"180 Systems was instrumental in Capstone Infrastructure's selection of a general ledger system. Their efficient methodology, comprehensive approach and deep expertise significantly aided our decision-making process, enabling us to identify the right system for our needs."
Jens Ehlers, Senior Vice President, Finance