Finance and Reporting

TransAd Partners helps plan and implement changes to financial and data management systems that affect company reporting practices. We work closely with our clients’ finance and reporting staff to improve their ability to systematically prepare accurate and timely reporting.

Challenges currently being addressed by broker-dealers include:

• Firms sometimes operate multiple compensation management systems or otherwise have outgrown their current compensation practices and recognize the need to consolidate and update
• Collecting and posting information to the general ledger and financial reporting systems is often manual, time consuming and error prone causing delays in closing the books and errors in reported results
• Firms often rely on Excel spreadsheets to consolidate and manipulate critical business information which is extremely time consuming, and leads to errors and the risk of lost or compromised data
• Sales and senior executives need rich and timely productivity reports and dashboards but the required data is disparate or unavailable to meet the business intelligence needs

TransAd Partners works with our clients to ensure that information is accurate and available in a timely manner to facilitate the output of critical information reports and commission payments.