Financial Technology

Implementing accounting and accounting-related software is a complex and critical process that involves setting up, configuring, and integrating software solutions into an organization’s existing financial infrastructure. Choosing the right accounting software is essential for any business, as it can significantly impact the company’s financial health and overall success.

Successful software implementations require careful planning, thorough testing, execution, and ongoing support. It is crucial to involve and partner with key stakeholders throughout the process to ensure that the software aligns with the organization’s financial objectives and compliance requirements.

Scope of Service

Business Requirements

Conduct a thorough analysis of a client's accounting needs to determine and document the business requirements, produce a Business Requirements Document (BRD), and clearly outline the goals and objectives to be achieved through the implementation.

Technology Selection

Considering how much the client can afford to spend, important factors to evaluate technology options include features and functions that suit workflow and preferences, as well as the level of sophistication, flexibility, scalability, security, user-friendliness, and automation.

Project Costing

Develop a budget for the software implementation process, considering software costs, training, and any potential additional expenses.

Project Planning

Create a detailed project plan outlining key milestones and deadlines to be achieved based on the Business Requirements Document (BRD) and other inputs.

Data Migration

Assess the existing financial data to determine the availability, quality, completeness, and accuracy of the data to be migrated to the new software. Conduct data cleansing and organization before migration. Develop and document data migration strategies with the client.

Project Implementation

Includes the setup and configuration of the software (e.g., chart of accounts, reports, etc.), software tailoring, integration with other systems (e.g., CRM, payroll, etc.), and API connections. Assists with user acceptance testing (scripting, test execution, etc.) to ensure the software meets expectations and functions properly, along with providing user training support.

Other Support

Assist with system launch planning, provide transition support during the initial weeks post go-live, manage the software vendor relationship, and create process documentation for reference and training purposes.

Our Guiding Principles & Customer-Centric Approach

We work with our clients to understand their specific financial technology needs in order to provide a tailored financial solution.
The key steps in our process are:

Preliminary Assessment

Conduct a thorough preliminary assessment to understand the client's technology situation, business structure, and desired financial technology target architecture, and accordingly determine the scope of services required.

Customize Solution

Customize the engagement plan and provide the client with a Commercial Proposal, including the specific deliverables for each scope of services required (including timeline).

Negotiation & Contracts

Complete negotiation and legal contracts for the work to be performed.

Onboarding & Implementation

Client onboarding and work commencement.

Provide Deliverables

Provide agreed-upon deliverables to the client, including the preparation and issuance of reports for the engagement deliverables.

Financial Technology