F&C consolidates to a single effective accounting platform
Case Study: Infor SunSystems
F&C Asset Management plc is an investment management group, managing in excess of £100 billion of assets for a wide range of private investors, institutional and insurance clients.
The company has nine offices throughout Europe and is a major force in the world of investments. The success of the company is attributable to a philosophy of successful business partnerships with clients and those that deliver capital value.
Following the merger between F&C Group (Holdings) Ltd and ISIS Asset Management plc there was a need to provide a consistent platform for financial accounting and management information that would deliver uniformity across all locations.
Castle has worked with F&C Asset Management for some years and was asked to create a single, robust platform for financial management across all of the company’s operations, using the existing Infor FMS SunSystems solution.
Castle had to amalgamate the company’s two financial management systems into one in the main Edinburgh office, whilst still allowing access from other offices. Half of the Group’s data was converted and migrated to align all companies onto the same reporting and accounting structure.
At the same time Castle implemented Citrix software that would allow secure remote access to financial reporting.
George Strathie, Software & Services Director at Castle Computer Services said:
“The conversion and merger of half of the company’s data without causing any disruption to day to day operations presented a significant challenge for the team. Our approach was to work closely beside F&C Asset Management’s own staff to ensure that all the project objectives were met. The client now has a single robust financial management platform that meets their needs effectively.”
Jim Crawford, Manager, Financial Accounting and Payroll at F&C Asset Management plc added:
“We can now consolidate all Group companies efficiently on a monthly basis, providing valuable reporting. The single Infor FMS SunSystems platform delivers a powerful financial management solution that remains flexible and the addition of remote access is essential to effective performance management. Castle’s commitment to the project was impressive and their willingness to work closely with our internal team ensured that the project was delivered on time and with minimum disruption.”