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Charles Monat Associates

Charles Monat Associates leverages NetSuite OneWorld and FarbenBridge IPaaS to Drive Global Operational Transformation and Growth

Charles Monat Associates is one of the world’s most trusted international life insurance brokers. We offer bespoke advisory and brokerage services for preserving wealth and creating liquidity. We are the partner of choice for high net worth clients, affluent families and executives of multinational companies.

As a global premier consultant, Charles Monat Associates is a pioneer in the development of customized insurance based solutions. Over 8,000 private clients in Asia, Switzerland and across the world are our testimony to this.

Founded in Hong Kong in 1971, the company has grown to an international presence with offices operating in Hong Kong, Liechtenstein, Miami, Singapore and Zürich. We have global knowledge and cross-jurisdiction experience in serving clients in over 50 countries. Our team of professionals are specialists in providing world-class wealth transfer and liquidity solutions.
company

Charles Monat Associates

Location

Singapore

Industry

Financial Services

Employees

200-500

Number Of Countries

6

Number Of Subsidieries

8

Applications Replaced

Quickbooks

Solutions Deployed

NetSuite OneWorld
FarbenBridge

Implementation Team

TechFarben

Objectives

  • Integration of Systems: Seamlessly integrate SugarCRM with Oracle NetSuite to ensure smooth data exchange between the finance, sales, and operations teams.
  • Consolidation of Global Operations: Utilize Oracle NetSuite's robust capabilities to consolidate financials and operations across all countries.
  • Enhancement of Reporting Capabilities: Enable real-time, transparent reporting to aid in decision-making and improve management reporting processes.
  • Improvement in Operational Efficiency: Streamline processes to enhance productivity and collaboration within teams.

Solutions

  • Farbenbridge Integration: Customized middleware that provided real-time data synchronization between SugarCRM and Oracle NetSuite, eliminating data silos and redundancy.
  • Oracle NetSuite Implementation: Leveraged the versatile features of NetSuite to manage financials, procurement and expenses under a single unified cloud platform, tailored specifically for Charles Monat Associates’ needs.
  • Consultation and Customization: Ongoing consultation from TechFarben to ensure the system was optimized for Charles Monat's specific operational needs and to assist in adapting the system for future scalability.

Results

  • Process Efficiency: Integration reduced manual data entry and errors, significantly speeding up internal processes and enhancing accuracy.
  • Productivity Gains: Teams reported higher productivity as they could access integrated data from a single source without needing to switch between applications.
  • Enhanced Collaboration: Improved data flow facilitated better communication and collaboration across departments, leading to more coordinated efforts in project management and customer service.
  • Data-Driven Decision Making: With the consolidated reporting features of NetSuite, Charles Monat Associates now enjoys enhanced transparency in reporting, enabling more informed and data-driven decision making.
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