First Names Group
CaseWare Makes Fiscal Sense for First Names Group
First Names Group is a global, independent provider of trust, fund and corporate administration services. Its 400+ experienced professionals, located in eight jurisdictions, work closely with clients and professional advisers to establish and administer a range of internationally structured solutions, including trusts, companies and foundations.
When First Names Group sought to streamline its accounts production tasks, a single solution caught its attention. CaseWare is the choice of First Names Group.
Nolan says the firm first considered using its own development team to design a proprietary system the firm could use. "Our offshore trust work is unique, and we didn't think we would find a packaged solution that could handle that aspect of our practice." However, when an employee who had used CaseWare before encouraged the management team to view a demonstration of the solution, the decision became clear. "CaseWare offered everything we were looking for," he says. "It made financial and logistical sense to go with a proven product."
The implementation of CaseWare proved to be a straightforward exercise. A team from CaseWare UK came to our site and hosted a two-day training course. The firm was able to export trial balance data from its accounting application and import the data into CaseWare to speed the set up process. "We found that the wizard-system in CaseWare streamlined the implementation," says Nolan. "It is easy to use and helped us avoid overlooking anything."
Nolan estimates that CaseWare cuts an average of 45 minutes from what was a six hour task. "That is a significant saving," he notes. "It frees our professionals' time to take on more projects." The time-saving adds up to a competitive advantage for First Names Group. "With CaseWare we are able to complete our tasks faster," says Nolan. "This makes us more competitive as it enables us to pass that saving to our clients."
CaseWare is a very flexible and powerful solution that fits perfectly into First Names Group's operations," concludes Nolan.
Published: 31st Mar 2016