Case study: G20

G-20 Group, a Swiss-based asset management and advisory firm, sought to enhance its financial operations. By integrating ApproveIt’s workflow automation with SoftLedger’s financial management platform, G-20 streamlined approval processes, reduced manual errors, and improved multi-entity financial reporting. This collaboration led to significant efficiency gains and seamless workflow automation for the firm, saving approximately 25% of staff time on approval workflows and cutting financial reporting delays by 40%.

About G-20 Group:

G-20 Group, established in 2010 and headquartered in Zug, Switzerland, operates in the asset management and advisory industry. The firm specializes in liquidity provision, asset management, and advisory services, emphasizing a quantitative, technology-driven approach to cross-asset markets. With a team experienced in proprietary trading, digital assets, technology, and quantitative finance, G-20 serves institutional clients across Switzerland, the EU, and Asia.

Problem:

G-20 faced challenges with manual approval workflows that slowed transaction processes, increased error risks, and delayed decision-making. Managing multiple entities across various jurisdictions added complexity to consolidating financial data, further complicating their operations.

Solution:

To address these challenges, G-20 integrated ApproveIt’s automated approval workflows with SoftLedger’s real-time financial data capabilities and multi-entity management features. SoftLedger’s open API facilitated seamless customization, enabling G-20 to automate financial approvals, reduce manual intervention, and enhance accuracy across multiple entities. These changes reduced approval times by 35% and saved an estimated 30 hours per week previously spent on manual data reconciliation.

Outcome:
Post-implementation, G-20 experienced faster approval times, improved accuracy in financial reporting, and enhanced collaboration across departments. The automation of approvals led to fewer errors and allowed the firm to scale its processes efficiently, resulting in significant operational improvements. Overall, the company estimates they have reduced manual errors by 50% and improved the speed of month-end close processes by 30%.

Key Questions for G-20 Group

How has the combination of ApproveIt and SoftLedger compared to other enterprise solutions like Oracle NetSuite and Sage Intact?
ApproveIt and SoftLedger together have delivered a more cost-effective and comprehensive solution than enterprise competitors. The integration offers advanced features like real-time data and workflow automation, providing greater flexibility and ease of use compared to traditional platforms.

What specific features or functionalities of ApproveIt and SoftLedger have been most beneficial for your company?
The combination of ApproveIt’s intuitive approval workflows and SoftLedger’s multi-entity management and real-time data capabilities has been invaluable. These tools have significantly improved the speed and accuracy of financial processes, particularly in managing approvals across multiple entities and jurisdictions.

Can you describe any challenges you faced during the implementation process, and how ApproveIt and SoftLedger helped overcome them?
Initially, managing approvals across multiple entities posed challenges due to the complexity of operations. However, ApproveIt’s user-friendly automation features, combined with SoftLedger’s flexible API and real-time data capabilities, allowed for seamless customization and quick adoption without major delays.

What measurable improvements have you seen in your company’s financial processes since adopting ApproveIt and SoftLedger?
The integration of ApproveIt and SoftLedger has dramatically reduced approval times by 35%, improved the accuracy of financial reporting, and streamlined collaboration across departments. This has led to a noticeable reduction in manual errors by 50%, saving the firm an estimated 10% of its total financial operating costs annually.

How would you summarize the overall impact of ApproveIt and SoftLedger on your company’s operations and bottom line?
The synergy between ApproveIt and SoftLedger has been transformative for our operations. Together, they’ve improved approval accuracy and speed, enhanced the reliability of financial data, and provided a scalable solution that supports our growth and decision-making processes. These improvements have also contributed to a projected 15% increase in operational efficiency year-over-year.