Intelligent CIO APAC Issue 20 | Page 58

CASE STUDY
ABOUT 360 CAPITAL
360 Capital Group is an ASX listed alternative asset manager in Australia . The organization launched in 2006 , originally starting out as a commercial real estate manager .
360 Capital Group has since expanded to include alternative assets , including a real estate fund based in Australia , a data fund investing in assets across the globe and a credit fund investing in midtier credit in Australia .
In addition to the efficiency savings provided by Sage Intacct , Butterworth adds that it now has a system which can keep up with the growth of 360 Capital Group .
“ We have built a strong platform that can now be scaled up to meet our long-term objectives , and the current environment offers us a lot of opportunities to do this . Ultimately , we aim to become the leading Australian alternative asset manager ,” said Butterworth .
Real-time reporting allows for quick decisions
Coetzer realized that 360 Capital Group needed a system which enabled it to rapidly make decisions , including adding new businesses to the group .
“ This is what they do – they are in the business of acquiring other businesses , and this is where Sage Intacct really made a difference . It has strong functionality and allows for rapid deployment ,” he adds .
Butterworth agrees , saying that Sage Intacct allows them to do everything in real-time , which supports their agile decision-making approach .
“ It ’ s helped across the group in terms of statutory reporting and management reporting . It ’ s given operational managers the details they need in terms of performance across the businesses . Having Sage Intacct has just been really critical in helping our decision-making ,” adds Butterworth .
Technology to support the changing world of finance
Butterworth and Coetzer have seen how the world of finance has changed rapidly in recent years , with new technology playing a big part in this transformation .
“ The role of technology in the financial industry has revolutionized the role of the Chief Financial Officer ,” said Butterworth . “ Having digital dashboards , business intelligence tools and Artificial Intelligence have really made the CFO ’ s role critical across the whole organization .”
Coetzer is interested in seeing where technology takes the world of finance next and believes that Sage products are going to play an important role in that evolution .
“ What gets me excited about the future is seeing technology that never sleeps , available anywhere and anytime around the world . Technology that never stops innovating . And this is what Sage is great at ,” concludes Coetzer .
Intelligent CIO asked Glenn Butterworth , Chief Financial Officer at 360 Capital Group , further questions to find out more about the project .
How far does Sage Intacct provide you with a complete financial oversight of your business ?
360 Capital required a financial software solution which could grow and move with our business . It was incredibly important that we had a tool which allowed flexibility and would deliver visibility over all levels of our funds and operations .
ABOUT SAGE INTACCT
Sage Intacct is the innovation and customer satisfaction leader in cloud financial management . Bringing cloud computing to finance and accounting Sage Intacct ’ s innovative and awardwinning applications are the preferred financial applications and rated the number one accounting software solution in customer satisfaction by G2 .
Sage Intacct not only provided consolidated views of the multiple funds across 360 Capital ’ s platform but also Intacct ’ s dimension structures allowed the capability to capture and report at a granular level segmented information which included legal and operating segments , asset and product level information and reporting by location .
The advanced reporting capabilities have given us visibility across the business from multiple levels and views , which enables management oversight of the macro and micro business drivers and trends .
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