How tech modernization enabled an asset manager’s rapid expansion
$300,000+
Estimated yearly future cost savings resulting from technology improvements.
At a glance
Client
Rapidly growing investment firm
Industry
Asset management
Our role
Upgrading back-office systems
Our solution
Scalable tech accommodated expansion
Enabling agile growth
Scenario
A fast-growing U.S. wealth management firm faced back-office system limitations, preventing it from scaling efficiently and supporting continued expansion.
Approach
Grant Thornton implemented a comprehensive Oracle Cloud ERP, HCM and EPM solution, improving data visibility, reporting and operational efficiency.
Result
The modernized applications were built for scale, automating processes, reducing manual effort and enabling the firm to grow with greater agility.
Scenario
A fast-growing U.S. wealth management firm faced critical back-office system limitations that prevented it from supporting its ambitious expansion plans.
The firm aimed to rapidly scale its advisor network through M&A but lacked a scalable solution for human capital management, incentive compensation, financials, budgeting and reporting.
Our client’s complex mix of manual and automated integrations led to higher risks of data entry errors and inefficient resource allocation, requiring disproportionate staffing increases to sustain growth.
Meanwhile, outdated reporting cycles left decision-makers working with data that was already at least a month old before the data could be analyzed and acted upon.
Approach
Grant Thornton partnered with the client to take a business-first approach, ensuring HR and finance teams led the transformation, with IT providing support rather than driving the project.
With our guidance, the client selected Oracle Cloud ERP, HCM and EPM to modernize back-office operations and enhance reporting capabilities. The implementation was designed to scale seamlessly with growth, eliminating the need for increased headcount.
Executive dashboards now provide real-time insights into business performance, while standardized, automated processes with built-in controls and governance enable regulatory compliance and operational excellence.
Result
The technology modernization unlocked the client’s ability to drive value and profitable growth, supporting the expansion of its advisor network with scalable operations.
By eliminating the need for additional back-office headcount, the client achieved more than $300,000 in annual savings, while reducing manual workloads and shifting employees toward higher-value, strategic tasks.
With near-real-time data and reporting, leadership gained weeks — or even months — of faster insights, enabling more proactive decision-making.
The Oracle suite streamlined operations by consolidating multiple systems into a single, integrated platform, improving efficiency, reporting and visibility into transactions.
New customized dashboards empowered leadership to model business scenarios within minutes, boosting agility and responsiveness to market changes.
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This Grant Thornton Advisors LLC content provides information and comments on current issues and developments. It is not a comprehensive analysis of the subject matter covered. It is not, and should not be construed as, accounting, legal, tax, or professional advice provided by Grant Thornton Advisors LLC. All relevant facts and circumstances, including the pertinent authoritative literature, need to be considered to arrive at conclusions that comply with matters addressed in this content.
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