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Ernst
& Young selects enSynergy enVisual to streamline and manage
offshore private wealth operations
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| Integrated
accounting / administration software to cut costs, improve compliance
and deliver better quality product to clients. |
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London
– enSynergy International announced that Ernst & Young
International Private Wealth, one of the leading offshore private
wealth management firms, has chosen enSynergy enVisual to provide
complete coverage of its front-to-back-office Caribbean trust administration
operations. The contract provides the firm with the complete enVisual
suite of integrated products that will deliver; |
•
Client relationship management (CRM)
• Company / Trust Accounting / Administration
• Investment Management
• Employee Time recording / Practice Management
• Online billing
• Professional Accounts Production
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| The
single platform approach of enVisual facilitates straight-through
processing (STP) of a full range of financial and administration transactions
in real time. |
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Ernst
& Young is among the largest fully integrated professional services
firm in the region. With over 400 members in strategic locations we
are well positioned to help you identify and capitalise on business
opportunities in the Caribbean. It
offers a wide range of private wealth management / asset protection,
accounting and audit, tax structuring, energy, financial services,
real estate, hospitality and leisure, industrial products, retail
and e-commerce. The firms growing client base and resultant transaction
volumes led them to investigate the accounting / administration solutions
available on the market. Key factors in the selection of enSynergy
enVisual were its single, integrated front-to-back office platform,
easy access to data / simple navigation, ability to customise the
system and enSynergy’s reputation as a reliable and flexible
company with a wealth of experience in the industry.
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| The
move will help Ernst & Young to expand its customer base to new
geographies and draw in larger customers. The firm's strategy is to
increase profitability by 20%, generating more fee revenue without
taking unmanageable compliance risks. |
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| Speaking
about the new contract, Brett Hall, Head of Business Development at
enSynergy, said: "Ernst & Young is a key player in the Caribbean
marketplace and is experiencing significant growth. Managing the firm's
increasing transaction volumes required a more integrated, functionally
rich and robust system. We look forward to working with the firm to
achieve the objectives of the project and a fast return on investment.
Benefits will include improved efficiency and accuracy across the
front, middle and back-office, better compliance risk management and
an overall enhanced experience for customers." |
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