Sign InBook a demo

How AAG Streamlined Their Multi-Currency Accounting System

With offices and investment strategists across the globe, the Anglo Andino Group grappled with the lack of a unified, multi-currency accounting system.

SoftLedger's versatility and cloud-based platform empowered AAG to solve this problem and enabled them to streamline their operations. Here's how they did it.

About AAG

Anglo Andino Group (AAG), a specialized investment management firm based in New York City, is dedicated to private equity, investment administration, and delivering structured financial solutions to investors worldwide.

As an ultra-modern, fast-moving company, AAG prioritizes meeting the evolving needs of its investors, necessitating access to cutting-edge software platforms, APIs, and resource-maximizing services.

The Problem

AAG encountered several challenges that demanded a comprehensive accounting solution. With multiple offices and independent strategists operating across different countries, the firm grappled with managing multiple currencies and a lack of multi-entity consolidation, hindering their business growth.

The proliferation of disparate software systems and applications burdened their operations and bogged down their expansion efforts. Manual management of tasks by AAG affiliates proved inefficient and lacked scalability, undermining the professionalism of their work.

Additionally, the team faced difficulties in attaching and retrieving PDF documents, causing unnecessary search efforts.

The SoftLedger Solution

Within a few short months after adopting the SoftLedger platform, AAG witnessed a transformative shift, enabling them to fully streamline their operations. By consolidating all systems, software, and applications, AAG achieved a unified solution.

SoftLedger's remarkable versatility and cloud-based functionality empowered AAG to access multi-currency accounting from any location worldwide. The integration of bank accounts through SoftLedger's Plaid integration proved invaluable to the AAG team. Each transaction was recorded, including the foreign exchange rate, enabling effortless revaluation at the end of each month.

This automation saved significant time for employees and managers, allowing them to concentrate on their venture into cryptocurrency investments.

SoftLedger resolved the PDF challenge by automatically attaching relevant documents on a per-transaction basis, eliminating the need for manual retrieval.

"

I am very happy with the way the SoftLedger system works. I do not have any complaints, and I can tell you that is not easy. We have many issues with our other systems, but SoftLedger has been perfect.

Ronaldo Bezerra, Financial Director
AAG commended SoftLedger's exceptional customer service, providing prompt and effective support for all their inquiries.

Both AAG and SoftLedger anticipate a fruitful, long-term partnership, built on trust and mutual benefit.

To experience SoftLedger's exceptional flexibility and service for yourself, book a demo with us today.

More Case Studies

Trillion Digital Assets Case Study
Trillion Digital Assets (TDA), a boutique over-the-counter agency desk dedicated to providing spot liquidity in the digital asset markets, faced challenges in finding a suitable vendor to scale their accounting capabilities for handling complex fiat and digital asset workflows. Discover how SoftLedger provided a transformative solution, offering seamless integration, scalability, and automation to streamline TDA's accounting practices and ensure audit readiness, setting the stage for continued growth and success.
Anti Capital Tackles Complex Crypto Management with SoftLedger's API
Before adopting SoftLedger, Anti Capital faced the arduous task of juggling multiple software solutions for its complex crypto management tasks - while trying to avoid the inefficiencies of spreadsheets. The introduction of SoftLedger's automated API function was a game-changer. This newfound efficiency has accelerated their reconciliation process and opened doors for expansion into uncharted territories.
Matrix Exchange Builds a Custom Crypto Accounting Solution With Softledger
Facing the challenge of identifying suitable accounting software, Matrix quickly realized that traditional solutions lacked the necessary functionality to handle crypto transactions.

They turned to SoftLedger, adopting their custom crypto accounting solution to manage all their cost bookings, client transactions, and crypto assets.

Frequently Asked Questions

Yes, users have the option to use their own chart of accounts or SoftLedger’s standard chart of accounts when getting started with SoftLedger.  SoftLedger’s flexibility allows users to make changes to their charts by easily adding new accounts.

Ready to Get Started?

Book a demo for a free test-drive of the SoftLedger software and APIs
Book a demo

Subscribe to our
newsletter

Read SoftLedger reviews on G2

© Copyright 2024 SoftLedger, Inc.

Features
Industries
Company
Blog
magnifiercross-circle