Professional Services

Trilogy Funds

 

A little bit about Trilogy

Trilogy Funds Management Limited is a premium non-bank lender, providing income products to investors as property syndicates or property trusts. Trilogy has grown since they were founded in 2004, particularly so in the last three years. With offices in Brisbane, Melbourne and Sydney, and more than 40 staff, Trilogy is forging ahead. 
 

Meet Justin, Chief Operating Officer 

We sat down with Justin Smart, Chief Operating Officer at Trilogy, to find out how Wiise would help them tighten up their operations and arm themselves for continued growth.

 

Increased complexity

For many years Trilogy used MYOB AccountRight to manage the business, which filled their need at the time. However, following a corporate restructure in 2017, the business went from a two company structure to one that involved seven trusts and three companies, with multiple layers of ownership. The new entities put a lot of strain on the finance team. Their inability to easily see how well things were going was impacting their business. 

 

Key challenges faced

  • Running manual consolidations
  • Managing intercompany transactions
  • Lack of granular detailed reporting
  • Manual disconnected processes
  • Siloed systems
  • Wanted better governance controls

 

Reporting, control and process efficiency

Trilogy needed faster, more efficient access to information across all areas of the business. They wanted a system that could produce detailed reporting, had strong compliance controls and integrate with their other tools

“We wanted a system that reduces risk and enhances the compliance program within our business. I could finally see a solution that would enable us to report with confidence at all levels within the business. As soon as I saw the demo I was impressed. “

Saving time with integration

Since switching to Wiise, Trilogy has been able to speed up processes and save time. Streamlining operations, consolidating data and utilising intercompany functionality, Trilogy gained transparency across their business. With the addition of PowerBI, their Board can see one report, at any time, with a full view of the financial status of the business. 

“The fact that we can now ingest large slabs of data into Wiise and we don’t have to divvy it up across the team has saved us a lot of time,” adds Justin.

“It’s saved us time and cut back on tedious processes. We now have better governance, better reporting and can really focus on growing our fund management business further.” Justin, Chief Operating Officer

Benefits for Trilogy

  • All their entities managed in one place
  • Saving time with intercompany transactions, consolidations and reporting
  • Able to manage growing complexity with unlimited transaction volumes
  • Can easily run financial reports and get granular details across their finances
  • Ability to integrate other systems, modules and expand
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