Why Microsoft Dynamics NAV for Wealth Management?

Effective wealth management with all customer data in one easy to use system

Creative Business Systems has tailored Microsoft Dynamics NAV solution to meet the needs of Wealth Management organisations. It fulfills all the requirements of your accounting system, reduces manual inputting of data and automatically produces high quality management information quickly and easily. In addition to the deep standard functionality of Dynamics NAV it specifically helps with all areas of keeping client’s money separate to the main organisation’s system.

Our Wealth Management solution (built on Microsoft Dynamics NAV) has all the functionality you need such as full record keeping, complicated calculations, HMRC and FCA reporting as well as banking integration.

These are a few of the powerful features it includes: Automated Fees, Management Information, Income and Expenditure Statements, Automatic Bank Account Interface for Statements and Transactions, Fixed Asset Register, Debtors and Creditors.

Business Benefits

Dynamics NAV for Wealth Management gives you greater control of all your client data in one easy to manage system

 Reduce Workload

Microsoft Dynamics NAV incorporates core business functionality that makes daily life easier and more productive. It allows users to replace the time spent on mundane tasks (such as compiling reports, reconciling, updating multiple systems, etc) with productive time — digesting information to make appropriate and timely decisions.

Information In A Familiar Format

You will be able to get all the information you need to help you get things done quickly. With easy to read forms you can see what you need at a glance, and you can tweak the screens to get them just how you want. Realise fast return on investment and be up and running fast, with familiar intuitive interface and ease of access to your data.

All The Functionality You Need

You will be able to easily calculate member’s funds and benefits, including complex metrics such as capped and flexible access funds as well as up to date valuations from one screen. All related data is fully recorded at various levels including contributions, property invoices, investment details and transfers. Tax and property details are all automated including reclaims and invoices.

No More Spreadsheets

By having all the data from multiple complex spreadsheets automatically fed into the system, you will have access to all the information you need at the click of a button. With state of the art reporting, you will be able to call up trends and status and produce statements and reports, which will enable you to make informed decisions for the benefit of your business and your clients. No more time will be wasted looking through spreadsheets to find the data you need.

 Money Reconciliations

Automatically reconcile bank accounts with direct feeds showing up to date information and status. Manage new accounts and payments via a robust secure network feed to the financial institutions. Bank interest payments are automatically generated and credited and fed back into the system in order for you to always see the bigger picture.

Client Money Regulations Met

Our system ensures that standards required in the regulations set by the FCA in 2014 are automatically met, including tracing of opening and paying into clients bank accounts, managing interest and withdrawals. No more worrying about compliance, you can be assured that the system ensures you meet the requirements.

Explore Microsoft Dynamics NAV Features

How We Helped Leading Global Finance Institutions

Wealth Management made easy

What We Did

CBIZ created a fully automated and auditable system for Global Finance Institutions by replacing the Excel spreadsheets they were using to keep client money transactions.

In the same instance, it was possible to automate the sending of accurate statements to clients on a more regular basis. By having templated journals, it was much easier for new members of staff to also record the necessary transactions. In addition, a full interface with the bank ensured that bank reconciliations could be done in a timely and accurate manner.

The resulting benefits of using our system included increased productivity and quality of service, which resulted in higher profits, and ease of adherence to regulations.

The Impact

“Since the introduction of Microsoft Dynamics NAV, we have saved 100’s of hours and we would never have been able to keep working whilst using our previous ways. Needless to say, we are in a much better state now than ever before.”

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