Case Studies FLOCK Specialty Finance Counts on its Flexible Microsoft Dynamics Solution

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	FLOCK Specialty Finance Counts on its Flexible Microsoft Dynamics Solution

FLOCK Specialty Finance Counts on its Flexible Microsoft Dynamics Solution

Technology Category	Analytics & Modeling - Predictive Analytics Application Infrastructure & Middleware - Data Visualization Functional Applications - Enterprise Resource Planning Systems (ERP)
Applicable Industries	Finance & Insurance
Applicable Functions	Business Operation Quality Assurance
Services	System Integration Training
Challenge	FLOCK Specialty Finance was outgrowing QuickBooks for financial management and received pressure from potential investors to manage portfolios with a more robust, secure, cloud-based solution. The company faced challenges with limited logins, potential data loss, and the need for a more sophisticated system to handle its growing number of financial portfolios. Additionally, FLOCK needed a solution that could integrate seamlessly with its existing Microsoft Office 365 and SharePoint systems, and provide better financial control and streamlined portfolio management. Read More
About Customer	FLOCK Finance is a specialty finance company based in Atlanta, Georgia, that provides access to capital outside the traditional banking system. The company has expertise in mitigating risks associated with underserved markets and asset classes, allowing it to fund areas where traditional capital sources are unwilling to extend credit. FLOCK’s proprietary funding solutions are based on the projected value of a portfolio’s anticipated liquidation over time. Since its founding in 2009, FLOCK has funded over 675 transactions for over $13 billion in consumer receivables. The company has grown significantly and required a more robust financial management system to support its operations and investor requirements. Read More
Solution	FLOCK selected Microsoft Dynamics 365 Business Central to gain better financial control and streamline portfolio management. The implementation began in December and was completed within five months, despite year-end audits and closing activities. The new system allowed FLOCK to reduce its number of general ledger accounts significantly, utilizing dimensions within Dynamics 365 to manage each portfolio. This provided a rich opportunity for analysis without creating a complicated chart of accounts. The sales journal feature within Dynamics 365 also saved time by allowing quick adjustments to vendor or customer balances without needing formatted documents. Additionally, the cloud-based nature of Dynamics 365 provided security and remote work capabilities, enabling the entire team to log in simultaneously and eliminating concerns about data loss due to hardware failure. Read More Log in to view content
Contents

Technology Category

Analytics & Modeling - Predictive Analytics

Application Infrastructure & Middleware - Data Visualization

Functional Applications - Enterprise Resource Planning Systems (ERP)

Applicable Industries

Finance & Insurance

Applicable Functions

Business Operation

Quality Assurance

Services

System Integration

Training

Challenge

FLOCK Specialty Finance was outgrowing QuickBooks for financial management and received pressure from potential investors to manage portfolios with a more robust, secure, cloud-based solution. The company faced challenges with limited logins, potential data loss, and the need for a more sophisticated system to handle its growing number of financial portfolios. Additionally, FLOCK needed a solution that could integrate seamlessly with its existing Microsoft Office 365 and SharePoint systems, and provide better financial control and streamlined portfolio management.

About Customer

FLOCK Finance is a specialty finance company based in Atlanta, Georgia, that provides access to capital outside the traditional banking system. The company has expertise in mitigating risks associated with underserved markets and asset classes, allowing it to fund areas where traditional capital sources are unwilling to extend credit. FLOCK’s proprietary funding solutions are based on the projected value of a portfolio’s anticipated liquidation over time. Since its founding in 2009, FLOCK has funded over 675 transactions for over $13 billion in consumer receivables. The company has grown significantly and required a more robust financial management system to support its operations and investor requirements.

Solution

FLOCK selected Microsoft Dynamics 365 Business Central to gain better financial control and streamline portfolio management. The implementation began in December and was completed within five months, despite year-end audits and closing activities. The new system allowed FLOCK to reduce its number of general ledger accounts significantly, utilizing dimensions within Dynamics 365 to manage each portfolio. This provided a rich opportunity for analysis without creating a complicated chart of accounts. The sales journal feature within Dynamics 365 also saved time by allowing quick adjustments to vendor or customer balances without needing formatted documents. Additionally, the cloud-based nature of Dynamics 365 provided security and remote work capabilities, enabling the entire team to log in simultaneously and eliminating concerns about data loss due to hardware failure.

Impact #1	FLOCK can now automatically reconcile accounts to close and report on financials quickly and accurately.
Impact #2	The company has maintained compliance and refined financial forecasts by modeling and analyzing data across multiple dimensions.
Impact #3	The integration with Microsoft Excel allows for easy customization of reports and quick data analysis.

Impact #1

FLOCK can now automatically reconcile accounts to close and report on financials quickly and accurately.

Impact #2

The company has maintained compliance and refined financial forecasts by modeling and analyzing data across multiple dimensions.

Impact #3

The integration with Microsoft Excel allows for easy customization of reports and quick data analysis.

Benefit #1	FLOCK has funded over 675 transactions for over $13 billion in consumer receivables since its founding.
Benefit #2	The company is currently managing 555 financial portfolios with a significantly reduced number of general ledger accounts.

Benefit #1

FLOCK has funded over 675 transactions for over $13 billion in consumer receivables since its founding.

Benefit #2

The company is currently managing 555 financial portfolios with a significantly reduced number of general ledger accounts.

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Overview

FLOCK Specialty Finance Counts on its Flexible Microsoft Dynamics Solution

Operational Impact

Quantitative Benefit