Problem to solve

The growth in the number of clients, coupled with the complexity in managing their operations and the provision of services by multiple companies across different jurisdictions, resulted in the challenge of employing a single accounting system for registering, controlling the analysis of each client's debt and profitability, and issuing consolidated financial statements for the group. At the same time, it became necessary to incorporate a tool that would allow the registration of the contracts signed with clients and generate the recurring invoices automatically. Finally, the need to implement procedures to comply with due diligence was raised, complementing the need to provide documentary support to the requirements imposed by the regulator of each jurisdiction.

What and how was it made?

Once the problem was identified, a Gap & Fit analysis was undertaken, where the operational processes and functional requirements were analyzed. Based on this information, a document was prepared indicating which requirements were going to be solved by our software platform and in which modules extra configuration and/or additional development would be required. As a result of the study, the scope of the implementation of Impact-iTech’s suite of products was determined, which included CAMS-iTech and IBS-iTech systems.

Thanks to this, Fidemont can now manage the complexity of their operations smoothly, securely, and with a high level of oversight capacity.

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About Fidemont

Fidemont is a global firm specializing in corporate and fiduciary services, serving prominent legal and tax advisors, entrepreneurs, and leading companies and financial institutions worldwide for their most demanding transactions and assignments. With offices and affiliations in major business and financial centers, they offer a truly global reach.

Obtained Results

Thanks to IBS-iTech implementation, complex transaction registration, automatic invoice generation based on contract terms, debt aging analysis and control, registration and management of doubtful debts, consolidated reporting for over twenty group companies, among other challenges, were streamlined efficiently. Thanks to the implementation of CAMS-iTech, it was possible to simplify and efficiently solve problems such as unifying and automating the KYC and Due Diligence processes, while ensuring compliance with the requirements and regulations of each jurisdiction in which they operate and provide services. The system also streamlined the responsibilities of Compliance officers by providing a single platform where they can configure necessary changes to meet the requirements of each jurisdiction. Additionally, these requirements are automatically replicated across all offices, enabling the issuance of compliance reports for analysis. Presently, Fidemont utilizes the Impact-iTech suite of products as a comprehensive solution to offer services in various jurisdictions, including company management, trusts, and foundations.