Finance Platform Build
FINANCE 'HUB AND SPOKE' PLATFORM BUILD
ERP-anchored, data-layer wrapped, with 'best-in-class' operating and reporting systems
SITUATION
A PE-backed wealth management platform with $215B in AUM was executing an active acquisition strategy that required its finance infrastructure to scale in parallel with deal flow. Starting at 32 entities with Workday and a largely spreadsheet-based operating model, the firm absorbed 10+ acquisitions adding $40B+ in AUM. With that foundation in place, two larger EMEA integrations are now underway, extending the platform's reach across jurisdictions and adding further complexity to the finance and reporting architecture.
APPROACH
Embedded as senior operator along with developing and talented team to design and implement a hub-and-spoke finance architecture with Workday as the financial hub. Integrated best-of-breed systems across the platform — Addepar for revenue and portfolio accounting, Kyriba for treasury management, and Trintech for financial close and reconciliation. Added Vena for FP&A and initiated Workiva for statutory, regulatory, and management reporting. Built structured finance disciplines alongside the existing team, connecting finance operations directly to deal and operations teams to support continued acquisition activity without disrupting ongoing delivery.
OUTCOME
P&L close cycle reduced from 8 days to 4 days. Balance sheet close reduced from 15 days to 10 days. Finance function cost tracking from 1.5% of revenue toward the 1% target — against a revenue base that has nearly doubled over the same period of time (through acquisitions and more operating volume and complexities). Platform now supports 40+ entities with the hub-and-spoke architecture, that is scalable, in process of being fully ICFR compliant, and working on absorbing global entities integrations.
