FLOCK Specialty Finance Counts on its Flexible Microsoft Dynamics Solution
公司规模
11-200
地区
- America
国家
- United States
产品
- Microsoft Dynamics 365 Business Central
- Microsoft Office 365
- Power BI
- SharePoint
技术栈
- Cloud-based Financial Management
- Microsoft Excel Integration
- Power BI Dashboards
实施规模
- Enterprise-wide Deployment
影响指标
- Customer Satisfaction
- Digital Expertise
- Productivity Improvements
技术
- 分析与建模 - 预测分析
- 应用基础设施与中间件 - 数据可视化
- 功能应用 - 企业资源规划系统 (ERP)
适用行业
- 金融与保险
适用功能
- 商业运营
- 质量保证
服务
- 系统集成
- 培训
关于客户
FLOCK Finance is a specialty finance company based in Atlanta, Georgia, that provides access to capital outside the traditional banking system. The company has expertise in mitigating risks associated with underserved markets and asset classes, allowing it to fund areas where traditional capital sources are unwilling to extend credit. FLOCK’s proprietary funding solutions are based on the projected value of a portfolio’s anticipated liquidation over time. Since its founding in 2009, FLOCK has funded over 675 transactions for over $13 billion in consumer receivables. The company has grown significantly and required a more robust financial management system to support its operations and investor requirements.
挑战
FLOCK Specialty Finance was outgrowing QuickBooks for financial management and received pressure from potential investors to manage portfolios with a more robust, secure, cloud-based solution. The company faced challenges with limited logins, potential data loss, and the need for a more sophisticated system to handle its growing number of financial portfolios. Additionally, FLOCK needed a solution that could integrate seamlessly with its existing Microsoft Office 365 and SharePoint systems, and provide better financial control and streamlined portfolio management.
解决方案
FLOCK selected Microsoft Dynamics 365 Business Central to gain better financial control and streamline portfolio management. The implementation began in December and was completed within five months, despite year-end audits and closing activities. The new system allowed FLOCK to reduce its number of general ledger accounts significantly, utilizing dimensions within Dynamics 365 to manage each portfolio. This provided a rich opportunity for analysis without creating a complicated chart of accounts. The sales journal feature within Dynamics 365 also saved time by allowing quick adjustments to vendor or customer balances without needing formatted documents. Additionally, the cloud-based nature of Dynamics 365 provided security and remote work capabilities, enabling the entire team to log in simultaneously and eliminating concerns about data loss due to hardware failure.
运营影响
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