Ace Services (BY FPG AIM) Case Study Hero Background

How Ace Services Automated Multi-Entity Financial Consolidation with Dynamics 365 Business Central

LocationSingapore

SolutionDynamics 365 Business Central Multi-Company Financial Consolidation

Multi

Operating Companies Consolidated in Real Time

70%

Faster Month-End Financial Close

100%

Visibility Across Group Accounting Entities

At-a-Glance

Ace Services (BY FPG AIM) — Singapore-based premier management consultancy providing strategic advisory and asset management services across multiple operating companies.

Case Study

CHALLENGE:

Multiple corporate entities utilized disparate, standalone accounting tools. Group financial consolidation was performed manually in spreadsheets, creating a slow, error-prone month-end process with minimal group-wide visibility.

SOLUTION:

Intelegain deployed Microsoft Dynamics 365 Business Central as a centralized platform across all operating companies, leveraging built-in multi-company consolidation tools and automated inter-company transaction management.

RESULTS:

Consolidated all group entities onto a single ERP instance, cut month-end close time by 70%, eliminated manual multi-company spreadsheet reconciliation, and gave leadership real-time visibility into group financial health.

The Challenge: The Friction of Fragmented Multi-Entity Group Accounting

Operating as a diversified management consultancy and investment management group, Ace Services (BY FPG AIM) manages multiple distinct operating companies across Singapore and Southeast Asia. Each subsidiary handles advisory engagements, specialized client retainers, and cross-entity shared services.

However, each operating company had historically maintained its own separate accounting software. Chart of accounts varied across entities, currency conversions were recorded manually, and inter-company service charges were tracked via informal emails and spreadsheets.

At the end of every financial quarter, the corporate accounting team had to manually extract trial balances from each software, convert foreign exchange values, manually eliminate inter-company balances, and assemble consolidated group P&Ls in Excel. This slow, labor-intensive process delayed financial statements for executive leadership and board directors.

Multiple operating subsidiaries utilizing disparate, disconnected financial software systems.

Manual, slow, and error-prone multi-entity financial consolidation performed in spreadsheets.

Low real-time visibility across group accounting entities, hampering strategic advisory decisions

Complex manual inter-company transaction reconciliation leading to audit friction and delay.

Why Intelegain Was Chosen

Ace Services partnered with Intelegain due to our deep multi-company Business Central deployment expertise, Singapore GAAP/IFRS fluency, and track record in automated group consolidations.

Multi-Company Business Central Architecture:

Establishing a unified "One Database, Multi-Company" structure that houses all operating entities while maintaining strict legal separation.

Automated Inter-Company Accounting:

Configuring automated inter-company posting rules that instantly generate balancing payables and receivables across sister entities.

Built-In Group Consolidation Tools:

Leveraging native Business Central consolidation engines that roll up subsidiary trial balances into a master group consolidation company with automated elimination journals.

Real-Time Executive Visibility:

Providing executive leadership with consolidated group P&L, balance sheets, and subsidiary performance comparisons in real time.

Implementation: The Intelegain Approach

The multi-entity financial modernization was executed across three core phases:

Phase 1: Chart of Accounts Harmonization & Multi-Company Design

Intelegain harmonized disparate subsidiary charts of accounts into a standardized global structure. We architected the multi-company Business Central database and configured inter-company partnership rules.

Phase 2: Entity Migration & Automated Inter-Company Postings

We migrated financial transaction histories from each operating company’s legacy software. We automated inter-company billing workflows, ensuring shared management service charges post synchronously across entities.

Phase 3: Group Consolidation Engine Configuration & Deployment

We built the master group consolidation workspace. Subsidiary ledgers roll up with automated currency translation and inter-company eliminations, enabling one-click group consolidated reporting.

Microsoft Dynamics 365 Business CentralMulti-Company Consolidation EngineInter-Company Postings ModuleMicrosoft DataverseSingapore Financial Reporting Standards (SFRS)

Measurable Results & Business Impact

Multi

Operating entities unified onto a single, standardized Business Central platform

70%

Reduction in month-end and quarterly financial close cycle turnaround

Zero

Manual spreadsheet reconciliations required for inter-company balance elimination

100%

Real-time financial visibility across all group corporate entities

The Business Central deployment revolutionized financial governance for Ace Services (BY FPG AIM). Tedious multi-software reconciliations were permanently retired. Executive directors and finance controllers now produce audit-ready, consolidated group balance sheets and P&Ls with a single click, empowering strategic advisory leadership with complete financial transparency.