SAP Business One Case Study - SAM Loans

 “MicroChannel not only met, but exceeded our expectations. The professionalism and competence of MicroChannel’s Consultants are of the highest quality.”

Jennifer Ai, Financial Controller, Strategic Alliance Mortgage.

SAM Loans
Strategic Alliance Mortgages was created to service and assist mortgage professionals. As a Wholesale Financial Enterprise, SAM presents a unique alternative for brokers and introducers to offer a wide range of loan products intended to better serve their clients.

Challenges
• The company required a financial management system that could be easily integrated into the existing in-house mortgage system.
• The existing financial management software was unstable, restrictive and incapable of adapting to business demands.
• The process of creating commission payments was error prone and labour intensive.
• Cost centre allocations and divisional balance sheets were required.

Solution
• SAP Business One with a focus on Financials, Sales and Payables together with a customisation for automated commission payments.

Achievements
• The Sales functionality was customised to integrate to the Purchase functionality to automate commission calculations and commission payments.
• SAP Business One aids in eliminating data discrepancies and accurately managing cash flows and receivables.
• MS SQL provided a stable, rock solid database platform.
• SAM Loans is now in a better position to anticipate client’s needs and through SAP Business One’s reporting features, management can now adapt to changing market dynamics faster based on real time data.