Kristefor Lysne’s Post

Optimizing operational efficiency is crucial for cost reduction, compliance, and delivering top-notch client service. This involves maximizing output while minimizing resource utilization through streamlined workflows, waste elimination, and resource allocation optimization. Balancing cost reduction with high-quality service is paramount for wealth management firms. While the front office often garners attention, the back office (the “operational backbone”) serves as the linchpin driving overall success. Wealth management firms can enhance productivity by strategically implementing initiatives aimed at optimizing operational efficiency. In this article, we’ll explore three actionable steps. >>> https://hubs.ly/Q02qFz1H0 #OperationalEfficiency #WealthManagementFirms #WealthTech

𝐍𝐚𝐯𝐢𝐠𝐚𝐭𝐢𝐧𝐠 𝐒𝐭𝐚𝐠𝐟𝐥𝐚𝐭𝐢𝐨𝐧: 𝐓𝐡𝐞 𝐈𝐦𝐩𝐞𝐫𝐚𝐭𝐢𝐯𝐞 𝐨𝐟 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐒𝐩𝐞𝐧𝐝 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐒𝐨𝐟𝐭𝐰𝐚𝐫𝐞 Stagflation, marked by stagnant growth and high inflation, requires innovative solutions for businesses to succeed. Business Spend Management (BSM) software is essential in this context, as it streamlines spending, boosts financial control, and preserves operational efficiency. Stagflation increases operational costs and reduces consumer spending, squeezing profit margins and necessitating meticulous expense management. BSM software provides the comprehensive approach needed to manage every dollar spent. BSM software offers visibility, control, and cost optimization. It integrates data from different sources, delivering a unified view of all expenditures and enabling identification of spending patterns and inefficiencies. Real-time data and analytics facilitate informed decisions, ensuring wise spending. Inflation necessitates rigorous cost management. BSM software helps negotiate better supplier terms, identify cost-saving opportunities, and automate procurement to minimize waste. It also allows businesses to forecast future expenses and plan accordingly, reducing the impact of inflation. Regulatory compliance and risk management are vital during turbulent economic times. BSM solutions enhance compliance to policies and regulations, reducing non-compliance penalties. Automated workflows and audit trails improve transparency and accountability, promoting financial discipline. Operations must be efficient when resources are scarce. BSM software automates routine tasks, freeing up time for strategic activities and reducing operational costs. Accuracy and speed are improved, essential for maintaining business continuity during economic downturns. A mid-sized manufacturing company, facing rising material costs and stagnant demand, used BSM to reduce procurement costs by 15%, save millions by eliminating unnecessary expenditures, and cut administrative overhead by 30% through automating expense reporting. BSM software transforms challenges into opportunities, enabling businesses to handle stagflation with resilience and agility. It provides the visibility, control, and efficiency needed to weather economic storms. By implementing BSM, businesses can position themselves for growth when the economy improves, making it a strategic investment for long-term sustainability. How will stagflation impact your business?

If you've recently moved your back office technology, one of the most challenging parts is familiarisation and understanding the full capability of the tech whilst trying to deliver your normal daily work in parallel. No mean feat! Our method of taking responsibility for key areas such as income over a short period means that you can focus on learning and delivery on other parts of the system. Once you are ready, we then work to train and hand back on these key areas, and you have best practices and processes in place. Get in touch with the team to discuss your technology implementation requirements. #OutsourcedSupport #FinancialAdviser #Fintech

PE Front Office helps you to adopt technology and streamline your investment operations. Hear what our CEO shared at LPGP Connect London .

Poor reporting capability, inefficient workflows, lack of automation. The solution: replace existing systems …. or is it? Too often, organisations rush to implement new software only to find that, despite considerable effort and costs, they are no further forward in achieving their aims. But the business issues are real; it's just the approach that needs to be refined. Real Example: I once worked with a client looking to implement a new Finance and HR system. On review, we found that 60% of the issues would not be solved by new systems alone. As a result, we agreed to prioritise the key problems, initially focusing on data quality, reporting structures, and staff training. In doing so, we improved their operations and laid the foundations for a successful system implementation. The Key Elements of a Holistic Approach: Many operational challenges can be addressed or progressed before starting a system selection process. In my experience, the most successful projects take a holistic approach, considering not just systems but also: • People: Ensuring staff are well-trained and aligned with business goals. • Processes: Streamlining operations to eliminate inefficiencies and unnecessary re-work. • Data: Making sure data is accurate, accessible, and actionable. This includes defining organisational reporting structures that don't support business reporting needs and associated KPI's. With this approach, organisations can enhance performance and resilience and support better investment decisions. Take action today Assess your organisation's current state. By addressing these areas first, you'll be well-positioned to take advantage of future technology investments. #HolisticApproach #BusinessEfficiency #OperationalExcellence #GENCFO

Managing a large portfolio of leases can be a daunting task, but with the right strategies and tools, it can be significantly simplified. Effective lease management not only ensures compliance and maximizes revenue but also enhances operational efficiency. Here’s how you can streamline lease management for large portfolios: Centralized Database: Maintain all lease documents in a centralized system for easy access and accuracy. Standardized Processes: Implement uniform templates and procedures to ensure consistency across leases. Automated Alerts : Utilize software to automate alerts for important lease dates, reducing oversight risks. Regular Audits and Reviews: Conduct frequent reviews to identify discrepancies and enhance compliance. Technology Integration: Invest in advanced lease management software for efficient data handling and reporting. Team Training: Provide ongoing training to enhance team skills and keep them updated with industry practices. Effective Communication: Ensure clear communication among stakeholders to streamline operations. Outsourcing Options: Consider outsourcing tasks to optimize resource allocation and leverage specialized expertise. By adopting these strategies, you can streamline operations, ensure compliance, and maximize the value of your lease portfolio. Effective lease management not only saves time and reduces costs but also provides a solid foundation for future growth. RECAM Solutions - Empowering International Ventures through Tailored Lease Abstraction Solutions in the USA, EMEA, Australia and APAC regions for larger portfolio numbers. Lets talk on how WE do it - the professional way you will rely on.. Reach us @ 72001 46160 / +1 205 827 7207  or mail us @ info@recamsolutions.com or visit us @ https://lnkd.in/gzV-NR2R #LeaseManagement #RealEstateManagement #PropertyManagement #BusinessEfficiency #Automation #Compliance #TechnologyIntegration #TeamTraining #Outsourcing #DataManagement

Recently presented at the LPGP Connect CFO/COO conference in London on how PE Front Office offers an integrated yet modular solution for the Private Capital Investment Lifecycle. Had valuable discussions with attendees on challenges faced in implementing solutions, including back-office focus of available solutions, software adoption resistance within the firm especially Investment & IR teams, long implementation cycles, data migration issues, and manual quarterly reports creation. Addressing these challenges often falls to CFOs and COOs, especially in firms lacking dedicated CTOs. Here are thoughts on overcoming these challenges: *Software Selection:* Opt for integrated solutions unifying stakeholders (Finance/Funds Ops, Investment Management, and Investor Relation teams) for enhanced collaboration and ensuring a single source of truth. *Implementation Cycle:* With Go-Live in mind, divide implementation into three phases: basic software setup, one time data migration, and custom reports. Push for fixed cost contracts to avoid cost overrun and implementation delays. *Data Collection:* Streamline data collection through various methods. Pre defined system generated excel templates. Automated data extraction from PDF files. Self-serve Investee Portal wherein portfolio can submit data directly. One can also look at outsourcing the data collection/verification. *Quarterly Reports:* Integrated platforms enable real-time collaboration and automated reports with subjective commentary, numbers, and charts, reducing the cycle to two weeks. *Buy-in from Teams:* Prioritize UX simplicity and having useful analytics/reporting tools for Investment and IR teams. Balancing technology adoption with risk management is crucial, especially cost and time management. Pls do share your thoughts.

Poor reporting capability, inefficient workflows, lack of automation. The solution: replace existing systems …... or is it? Too often, organisations rush to implement new software only to find that, despite considerable effort and costs, they are no further forward in achieving their aims. But the business issues are real; it's just the approach that needs to be refined. Real Example: I once worked with a client looking to implement a new Finance and HR system. On review, we found that 60% of the issues would not be solved by new systems alone. 🔍 As a result, we agreed to prioritise the key problems, initially focusing on data quality, reporting structures, and staff training. In doing so, we improved their operations and laid the foundations for a successful system implementation. The Key Elements of a Holistic Approach: Many operational challenges can be addressed or progressed before starting a system selection process. In my experience, the most successful projects take a holistic approach, considering not just systems but also: • People: Ensuring staff are well-trained and aligned with business goals. • Processes: Streamlining operations to eliminate inefficiencies and unnecessary re-work. • Data: Making sure data is accurate, accessible, and actionable. This includes defining organisational reporting structures that don't support business reporting needs and associated KPI's. With this approach, organisations can enhance performance and resilience and support better investment decisions. 📈 Take action today: Assess your organisation's current state. By addressing these areas first, you'll be well-positioned to take advantage of future technology investments. #HolisticApproach #BusinessEfficiency #OperationalExcellence #GENCFO

💣 The goal of implementing technology in #wealthmanagement is not merely to keep up with the times, but rather to enhance the client experience and your firm's productivity. Read that again 😉 In John O'Connell, MBA's latest VettaFi Advisor Perspectives article, he outlines key considerations when selecting technology in order to set your firm on a path towards technological efficiency and improved client service. Good news: The right technology stack is out there; it's just up to your firm to find it.

Introducing ZOE: Streamlining Business Operations with Smart Automation Overview: ZOE is designed to simplify and enhance essential business processes. Whether managing finances or tracking production, this app brings the power of automation to businesses. With features like Accounts Payable, Accounts Receivable, production tracking, inventory management, and expense monitoring, ZOE is built to handle your financial and operational needs effortlessly. Key Features: Accounts Payable & Accounts Receivable: Say goodbye to manual financial tracking. ZOE automates invoice and receipt generation, ensuring timely payments and accurate billing. Production Tracking: Stay on top of production cycles with real-time updates. Inventory Management: Keep inventory levels in check with ZOE's automated tracking and low-stock alerts. Expense Monitoring: Track and categorize expenses to get a clear view of your financial health. Invoice & Receipt Generation: Generate professional invoices and receipts with a click, reducing administrative burden and improving cash flow management. Conclusion: ZOE isn't just an app; it's a dynamic solution for modern businesses. By automating key processes, it frees up time and resources, empowering companies to focus on growth. ZOE’s innovation ensures streamlined operations with efficiency and precision. This app reflects Airborne Consulting's ingenuity and commitment to bringing smart solutions to businesses.