Maximising Efficiency for Financial Services & Investment Management Groups

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1 Maximising Efficiency for Financial Services & Investment Management Groups

2 PS Financials is a scalable, sophisticated accounting solution that helps us manage our business more effectively. Milestone Capital

3 Success in Financial Services & Investment Management Maximising Efficiency for Financial Services and Investment Management Groups Background PS Financials is the author of award winning Accounting, Purchasing, Budgeting and Reporting software, used by leading companies in the financial services sector. Implemented by over 1,700 organisations in 45+ countries worldwide, PS Financials is a truly scalable solution. PS Financials is designed to solve the accounting and reporting needs of fast changing organisations with multi-layered structures, international operations and complex reporting requirements. As such, we have been chosen by organisations from all financial markets, including: 1 trillion PS Financials has been chosen as the core accounting, purchasing, budgeting and reporting solution by customers with over 1 trillion of assets under management Private Equity Banking Asset Management Venture Capital Wealth Management Fund Management Insurance Brokers Hedge Funds Insurance Underwriters Custody Services Our Financial Services clients operate with: Over 1 trillion of assets under management Property funds with over 5,000 properties worth over 1 billion Over 2,000 staff based in 10 countries worldwide Individual Private Equity transactions of up to 1 billion 02

4 Non-Unified Model Issues with a Non-Unified Model Competitive systems are designed around a non-unified structure with each company/entity requiring a separate database. This means that consolidation requires uploading of each company s data into an additional consolidation database or the creation and maintenance of multiple reports to provide a consolidated view. This additional layer of work creates complications, timing differences and hinders comparative analysis. Some issues created by holding data in multiple databases Consolidation is a process not real-time timing issues exist Group Group Reporting has to be across multiple databases Increased maintenance of multiple databases multiple back-ups and multiple upgrades Academy No central control multiple close downs No real time comparison analysis Increased maintenance of reports Lack of cross company drill down Complexity of cross company reporting comparing performance etc. Complexity of cross company transactions VAT requires multiple reports and adjustments

5 PS Financials Unified Model Benefits of a unified ledger for multi-company groups PS Financials is a Unified Ledger system, meaning that all data is stored in one single database. This means that consolidation is automatic and does not involve the additional work required in other systems. It also means that maintenance of reports is simplified, as all of the data is in one area. PS Financials is ideal for Investment Funds as it enables us to easily combine information for all of our funds and entities in one place. TDR Capital Advantages of the Unified Model Automatic consolidation of companies / entities / funds etc. Group Real time consolidation No timing issues Easy cross company reporting compare expenditure, performance etc Real time comparison analysis Real-time drill-down on all companies / entities / funds. Simplicity of intercompany transactions Group VAT reporting is automatic All data in one database meaning low system maintenance is required Central control Reporting on one unified database Group Reduced maintenance of reports Single database upgrades 04

6 Benefits of PS Financials PS Financials has provided accounting, purchasing, budgeting and reporting software to the financial services sector for over 10 years. Software Benefits for Financials Services and Investment Groups Reporting & Budgeting Multi-company system managing complex organisational structures Intercompany accounting seamless interaction between group entities Meets international tax requirements Document management store unlimited documents and invoices Multi-currency report and budget in unlimited currencies Automatic consolidation of companies, entities and funds Unlimited dimensions of analysis e.g. fund, portfolio, department, project, deal etc. Graphical KPI analysis Management Reporting Suite standard reports included Provides full drill down capabilities to transactions and scanned invoice images Powerful budgeting tools, holding unlimited budgets and forecasts As-at and period reporting PS Financials has enabled us to deliver improved management information to business heads and budget holders. Brooks Macdonald Group 05

7 Benefits of PS Financials (continued) Process Automation Ease of Use Automate manual work, such as recharges, allocations and prepayments Integration to external software such as fund management, payroll, and CRM Create user-defined approval workflows for invoices, purchase orders, and expense claims Links to unlimited bank accounts with automatic reconciliation Automatic currency and FX revaluations Intuitive and user-friendly Modern Windows interface, meaning minimal training requirements In-house or remote access, including via mobile devices Simple data input Access for non-finance users: KPI Reporting Purchase Ordering web-based procurement portal Staff Expenses web-based staff expenses portal PS Financials software has streamlined and automated our processes significantly. Ecclesiastical Insurance Group 06

8 Accreditations & Partners Contact us 2014 PS Financials Ltd PS Financials Ltd Isis House, Isis Way Minerva Business Park Peterborough, PE2 6QR Telephone Website