Picking ERP for financial services firms is mostly a question of structure. Wealth managers, insurance agencies and specialty lenders tend to run several legal entities, allocate shared costs between them, and answer to auditors and regulators who want every number traced. Lucentive designs the finance system around that structure.
Multi-entity accounting and allocations
- Each entity on one ledger, with consolidation and intercompany eliminations built in.
- Shared costs allocated by rule rather than by spreadsheet each month.
- Reporting by entity, office, advisor or product line.
An audit trail that holds up
Approvals, journal entries and changes are recorded in the system with who did what and when, so an audit request is answered from the books rather than from email threads. Periods are locked once reviewed, so posted numbers do not move.
Best fit for industry systems
Portfolio, policy and loan systems stay where they are and send the financial side to the ledger. Accounting sits at the core.
Start with the honest question
Our fixed-fee ERP advisory tells you whether your current setup can be fixed before recommending anything new.
Common questions
Can we keep our portfolio or policy system?
Yes. Industry systems stay the system of record for clients and positions. The ERP holds the accounting and receives the financial side from them.
How are shared costs allocated?
Allocation rules are set up once, by headcount, revenue or another driver you choose, and run each month inside the system.
Can the management company and related entities share one system?
Yes, as separate entities on one ledger, each with its own statements. Fund-level investor accounting usually stays in dedicated fund software and connects to the ledger.
What does month-end look like after go-live?
Allocations, intercompany entries and consolidation run inside the system. Finance reviews exceptions instead of rebuilding the same workbook each month.
How do audits change?
Auditors can be given read-only access to the records they need, and each entry carries its approval history, so fewer requests go back and forth by email.
How we work
- Assess: a fixed-fee advisory, usually two to four weeks, built from your actual close and ending in a recommendation you can act on.
- Implement: chart of accounts, integrations and data migration, proved by a parallel close before go-live.
- Support: the principal consultants who built the system stay on after launch.
Related services: Family Office Accounting Software, ERP for Private Equity Portfolio Companies, ERP for SaaS Companies and Post-Merger ERP Integration. Or see all our ERP consulting services.