Finance Transformation and AUM Reporting solutions for Wealth Management.
FinanceBI provides specialist financial reporting software designed to address the core challenges facing Wealth Management firms.
Explore the modern Finance function
Today’s Wealth Management finance function can not simply exist to churn out standard month end reporting. Instead, finance must analyse, understand and predict in full alignment with the business.
Our solutions speed up the transformation journey, dramatically increasing the chances of success and reducing associated project risks.
A powerful combination: IBM Analytics + pre-built modules
We have taken IBM analytics technology and pre-built AUM Reporting, an integrated financial reporting module and powerful industry specific planning models.
Vast volumes of data can be taken from any core platform, aggregated and transformed into business structures designed by you to fit your business.
Our AUM reporting solution combines powerful analytics with the controlled reporting that finance needs
Fully aligned to your financials, our AUM reporting solution takes your raw asset book and aggregates by Client, Cost Centre, Rate card and multiple other business dimensions.
- Automatic calculation of inflows, outflows, transfers & investment performance.
- Clients tiered by AUM value at each point in the data structure.
- Full audit trail from source system to final reports.
Income, costs and balance sheet aligned to AUM in a single data structure
Our Financial Reporting module works in exactly the same way as our AUM reporting solution. Income is obtained by client account and run through the same client static data as AUM, giving rich and structured analytical opportunities. If client level income is not available, we can show you how to extract maximum analytical capability using other data structures.
Roll the data up and core internal and external reporting is available, all with a consistent data structure.
Reporting packs and core reports can be quickly rolled forward, whilst new reports or ad hoc analysis can be confidently created in real time. Month end is significantly shorter, giving finance teams much more time for business partnering activities.
Our solution accelerator provides industry specific budgets, rolling forecasts and five year plans.
Unlike off the shelf BI or dashboarding tools, IBM Analytics is a market leader in planning & forecasting functionality giving Finance powerful modelling and workflow capability
- Our combined AUM & income model, based on historical transactional data and WMA based growth forecasts, provides an automated view yet still allowing you to adjust the parameters.
- Cost models, fully integrated with headcount plans, can follow a top down or bottom up approach to suit your needs.
- AUM, P&L, Balance Sheet and Cashflow forecasts are all aligned.
Core plans can be incorporated into our capital adequacy models, whilst a fully integrated and detailed planning model lays the foundations for What-If modelling for quick decision making.