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Digital Financial Management Consulting Services

Revamp financial management

Digital financial management consulting services

Digital financial management consulting services aim to help companies drive improvements across corporate financial management processes and target ambitious business goals with the help of robust finance software and advanced technologies, such as cloud, AI and ML, big data, blockchain.

Quorum Service Scope

Our digital financial management consulting services are customized to clients’ business needs and may cover:

Financial management system landscape analysis

Auditing a client's existing financial management tools and their integration points, evaluating technical and economic pains of existing financial software, planning financial software ecosystem improvements with software-only changes.
Quorum Technologies services aim to ensure:
Increased efficiency of the financial software landscape.
Optimized costs of currently used financial solutions.
Improved security of sensitive financial and business data financial systems store, and more.

Advanced technologies consulting

Consulting on the use of cloud, AI and ML, big data, blockchain for:
Ensuring high availability, scalability and security of a financial solution.
Automated aggregation and comprehensive analysis of multi-dimensional finance data to predict particular aspects of the company’s financial performance.
Getting intelligent recommendations on optimal decisions across financial processes.
Facilitated traceability of financial transactions, and more.

Financial software development consulting

Designing a financial management solution based on the customer's unique business needs.
Choosing an optimal tech stack for solution development.
Introducing an integration plan with relevant enterprise software and third-party systems (e.g., financial data marketplaces, trading platforms).

Financial software modernization consulting

Planning gradual transition of a customer's financial software to modern techs without disrupting critical financial management operations.
Increasing the value of financial software investment through legacy transformation.

Financial software implementation

Quorum provides the following implementation options:
Financial software implementation in collaboration with a client's in-house IT team.
Covering up to 100% financial software implementation tasks and knowledge transfer to a client's in-house IT team.

Financial Management Solutions Quorum Technologies Specializes In

We provide consulting for successful implementation of one or several integrated financial management solutions:

Financial process automation software

Improving financial data accuracy.
Eliminating manual efforts across tasks involved in bookkeeping, invoicing, payroll accounting, financial planning and analysis, revenue management, tax management, investment and financial risk management, and more.

Automated accounting software

Eliminating accountants’ manual tasks
Increasing accuracy across multi-entity bookkeeping, invoicing, AP and AR, expense management, multi-location inventory accounting, financial data reconciliation, country-specific financial reporting, and more.

Enterprise accounting software

Streamlining accounting processes in large organizations with complex operations and accounting needs.
General ledger capabilities, the management of payables, receivables, taxes and payroll, asset and inventory accounting, automated invoicing and reconciliation, and more.

General ledger software

Aggregating financial transactions across multiple business entities in real time, structuring and reconciling them.
Accurate recording and reporting of multi-entity financial transactions and faster financial close.

Accounts receivable automation software

Automated customer invoicing and real-time receivables tracking.
Management of collection procedures to cut DSO and past-due receivables and eliminate manual errors across the order-to-cash cycle.

E-invoicing software

Automated e-invoice generation, processing, exchange, and tracking.

Invoice processing automation software

End-to-end invoice processing – from invoice data capture and validation to invoice routing for payment and posting to the general ledger.
Reduced cost of invoice processing and storage and shorter invoice-to-pay cycle.

Revenue management software

Real-time revenue tracking, advanced revenue analysis, automated revenue recognition according to the up-to-date accounting standards.
Ensuring faster revenue close, simplified revenue recognition compliance, precise revenue forecasting.

Pricing software

Automated price calculation and updating across selling channels.
Ensuring price performance visibility, streamlining price segmentation and discount management.
Analytics-based price optimization for maximized profitability.

Cash management system

Forecasting, tracking, and reporting corporate cash flows (including in various currencies).
Streamlining cash management across multiple, including international, company branches and across complex bank account structures.

Treasury software

Providing automation across corporate treasury activities, including cash, investment, debt, trade finance, and financial risk management.
Streamlining management and enhancing visibility of investment and financing activities.
Reducing idle cash, liquidity and credit risks.

Financial modeling software

Streamlining financial planning and analysis, improving decision-making on strategic activities.
Creating and managing financial models (including multi-dimensional models).
Automated calculations for various financial models.
Simulating, analyzing and forecasting financial scenarios of any complexity.

Automated billing system

Automated invoicing workflow, payment tracking and processing.
Streamlined general-purpose and industry-specific (e.g., medical, telecom, transportation) billing.
Increased invoicing speed and accuracy and reducing revenue leakage.

Cost control software

Automated cost estimation, budgeting, cost allocation, real-time cost tracking, and variance analysis at the company, department, and project level.
Streamlining cost control and decreasing budget variance.

Benefits of Digital Financial Management Consulting by Quorum technologies

We analyze economic feasibility of financial software implementation for each company-specific case. Also, we can develop a Proof of Concept to test the viability of a required financial management solution in real life.

We render digital finance consulting services in close collaboration with project stakeholders to get an in-depth understanding of the client’s corporate finance needs and tailor the service accordingly. We define tailored sets of KPIs to track the quality of services we deliver and ensure service transparency by submitting regular reports.

Having proven expertise in cloud, AI and ML, big data, blockchain, we choose the best-fitting advanced technologies for each financial management solution to deliver additional value across finance workflows for our customers.

We analyze a client’s business needs to define an optimal feature set for the finance solution and avoid packing it with unnecessary functionality. We advise on proven frameworks, platforms, and ready-made components that help streamline financial software development and cut its cost.

Depending on a client’s needs, we can fully take over financial software implementation and provide knowledge transfer to their in-house IT team, or co-implement the finance solution with the customer’s in-house developers 

We design solutions powered with multi-layer data encryption, role-based access control, intelligent fraud detection algorithms, and other security capabilities to ensure the safety of financial and business data and minimize the risk of malicious user activities.

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