LAKE announced today that it is to supply Vantage Capital Markets with a new Finance and electronic Expense Claim Management system based on Infor FMS SunSystems and Proactis. SunSystems was selected for its currency management and reporting capabilities. LAKE was selected for being a trusted supplier with an excellent service record.
Vantage Capital Markets, an independent voice and electronic interdealer broker, had completely outgrown its finance system based on Sage.
[Name], CFO, explains:
"The shortcomings in Sage, particularly in relation to currency management, meant that extracting reports out of Sage was risky and inefficient. We had to piece together data from different sources. And without dynamic linkage to Excel, we had to recreate the reports we need every month...
.. SunSystems provides strong currency management, user friendly software, dynamic reporting; dynamic linkage to Excel, and all at a sensible price."
Alongside SunSystems, Vantage Capital Markets are to implement Proactis Employee Expenses. The combination of these systems will help Vantage Capital Markets streamline the management and processing of expense claims.
"Manually processing staff expenses has no place in this day and age. It's not just that we will save time and effort in Finance, Proactis will help us to improve control and provide greater visibility of the process."
An important aspect of selecting a new Finance system is the selection of implementation partner.
"I have had very good experience of working with LAKE before. One of the things I like about them is that they retain experience; they do not subcontract services and staff retention is exceptional."
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