River and Mercantile Group PLC (R&M) has implemented a new financial management system based on SunSystems from LAKE. Its powerful currency management and reporting capability are two of the reasons why SunSystems is so widely used by companies like R&M.
Chris Rutt, Deputy Chief Financial Controller, outlines their reasons for changing finance system:
"We were using a third party system under a transitional arrangement. It had been set up some years previously and was configured for a very different kind of company. The complex nature of our business demands a finance system with powerful multi-currency and reporting features. The ability to define analysis attributes and consolidate reporting across companies are key requirements."
Following the successful implementation of SunSystems from LAKE, Chris Rutt adds the following comment:
"SunSystems is the right choice for a company such as ours. We are always looking for the optimum technology to utilise throughout our business, and are very pleased with our SunSystems implementation."
River and Mercantile Group (R&M) was formed by the merger of leading institutional adviser P-Solve Limited ("P-Solve") and leading equity solutions provider River and Mercantile Asset Management LLP (RAMAM) on 27 March 2014.
R&M is an advisory and asset management business with a broad range of services, from consulting and advisory to fully-delegated fiduciary and fund management.
Its advisory and investment solutions serve a large client base predominantly in the UK, primarily institutional pension schemes, with the remainder being retail financial intermediaries and insurance firms.
To learn more, please visit the River and Mercantile website.
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