Citadel
Automated and consolidated financial reporting at Citadel
Using a single platform to achieve faster consolidation results.
Citadel, a South African wealth management specialist, sought a platform to streamline its financial reporting. In consultation with technology provider, Decision Inc, the business decided on the Board Intelligent Planning Platform. As a result, Citadel now has an optimized and consolidated financial reporting process. Through the use of technology, time-consuming and manual tasks relating to month-end close and management reporting have been replaced with an efficient and automated system. Citadel can now perform both legal and management reporting more quickly and without key-person dependencies.
- Industry: Banking & Financial Services
- Department: Finance
- Assets under management: R88 billion+
- Years of expertise: 30
- Client retention rate: 99%
In partnership with:
Citadel, a leading financial services business based in South Africa, sought more streamlined operations related to its financial month-end close and management reporting. The objective was to replace its manual process with a more advanced, automated system.
After reviewing Citadel’s internal business processes, Decision Inc., identified the Board Intelligent Platform as having the necessary capabilities to automate and consolidate its financial reporting. By doing away with the time-consuming, manual tasks traditionally associated with the financial consolidation process, Citadel can now perform both legal and management reporting more quickly and without key-person dependencies. The single database approach ensures that Citadel reports represent a single version, allowing multiple users to work on the consolidated reports simultaneously, with reduced risk of error.
Citadel Investment Services Proprietary Limited is licensed as a financial services provider in terms of the Financial Advisory and Intermediary Services Act, 2002.
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