Sydney, Australia, 22nd October 2019 - Sage, the market leader in cloud business management solutions today shared that ASX-listed investment and funds management group, 360 Capital, will use financial accounting software, Sage Intacct, to consolidate views of multiple funds across its business in one centralised platform.
Sage launched its financial management platform Sage Intacct in Australia in August this year. The platform provides multi-dimensional accounting automation for efficient financial operations and sophisticated visibility for real-time decision making, well-suited to the fast and changeable data flow experienced by the investment industry. Today, Intacct customers are gathering together in Las Vegas for Sage Intacct’s annual conference, Intacct Advantage.
Kerry Agiasotis, Executive Vice President and Managing Director of Sage Asia Pacific, Sage Australia said “We are delighted to be working with 360 Capital, supporting the financial function as the business evolves and grows. In facilitating the connection of the business to third party applications through our open APIs, Sage is providing the foundations necessary for 360 Capital to scale into a Cloud environment, all the while providing visibility across multiple funds and workstreams in one easy to navigate centralised platform.”
The implementation comes at an exciting time in 360 Capital’s journey. After a long period of success investing in real estate, they have recently expanded their strategic focus areas to real assets, credit, and private and public equities. As part of this shift in strategy they plan to list the 360 Capital Digital Infrastructure Fund on the ASX, looking to take advantage of a once in a lifetime investment cycle in technology infrastructure assets.
Matt Bowden, Financial Controller of Funds at 360 Capital shared “The business’ priority was to implement a product that could prepare the consolidated views for the various funds directly within the system in a fast and efficient way. That's where we see a big benefit to us, both from a cost and time-saving perspective. We also required a financial software which could grow and move with us as our business grows and gives us that flexibility while also offering access to real-time information and visibility overall levels of our business.”
Channel partner MicroChannel worked with 360 Capital on the systems integration process. On the consultation process, Stefan Coetzer, Sage Practice Director, MicroChannel, said “One major selection criteria for 360 Capital was the need to eliminate future upgrades by always running on the latest version of the software. The obvious solution to this was to put forward a native cloud solution with the agility to adapt to a rapidly expanding business. 360 Capital required integrated, centralised financial data with the capability to grow and scale to fit with the global business and Sage’s modular strategy filled a gap in the market.”
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