Accounting Software for Financial Services

Many financial services organisations face the familiar challenge of increasing governance burdens and heavy reporting cycles.

Xledger’s powerful multi-dimensional reporting provides enhanced insights that help finance teams to easily analyse and reconcile data in real-time, enabling your financial services organisation to grow and scale. Our consolidated reporting and configurable business intelligence (BI) dashboards empower financial services organisations, including pension providers and wealth management firms, to maintain compliance, improve visibility, and create audit-ready reports in just a few clicks.

Xledger offers advanced functionality for project-based budgeting, billing and costing, automated workflows for approvals, and integrated bank feeds and BACs payments. Our open API enables seamless integrations with key banking and financial services business systems, such as pension administration systems and wealth management systems.

Is your financial services organisation experiencing these challenges?

• Relying on spreadsheets for period-end close, reconciliations, and consolidation
• Fragmented data across key platforms, e.g., pension administration systems and wealth management systems, making it hard to get a single source of truth
• Difficulty producing audit-ready, compliant reporting under time pressure
• Limited controls and approval workflows, increasing governance and audit risk
• A lack of real-time insights to support data-driven decision-making

Real-time financial reporting

Our financial services accounting software enables you to view your services in real time for a 360-degree understanding of their profitability. With automated audit trails, you can drill down into real-time data and analyse the numbers at a transactional level. Analyse requests and activities instantly via your live self-serve dashboards, configured to your requirements.

Seamless integrations

Instead of investing in expensive ERP software, our customers benefit from a best-of-breed finance solution that seamlessly integrates with key business software, such as pension administration systems. Our open API connects fragmented systems to create a single source of truth for your financial data that managers and senior stakeholders can use to improve decision-making and control.

Intelligent automation

Save time with automated consolidation, intercompany postings, and eliminations. Xledger’s automated processes remove the need for day-to-day transactional and repetitive tasks. Our automated, in-built OCR technology, general ledger, integrated document management, machine learning, and in-system payment approvals eliminate time-consuming workflows, creating more time for strategic activities that support business objectives.

Governance and compliance

Remove dozens of manual processes, including accounts payable (AP), accounts receivable (AR), and expenses, with Xledger’s built-in automated workflows. Strengthen governance and risk management with segregation of duties, approval workflows, and rule-based controls across multiple entities. With full, traceable audit trails and consistent reports, Xledger empowers you to approach audits, regulatory requirements, and complex reporting tasks with confidence.