A Multi-Entity Reporting Nightmare

Corine and her team were juggling financials for 40+ entities, each with unique accounting needs, reporting structures, and review cycles. They had to produce regular financial statements and prepare detailed board presentations for each entity. As the portfolio expanded, their Excel-based workflows couldn’t keep up.

Every reporting cycle meant pulling data from Intacct, cleaning and formatting in Excel, adding notes and supporting schedules, and manually compiling PDFs and slide decks. Small last-minute adjustments derailed hours of work.

“It was a nightmare. If one number changed, we’d have to go back through six different versions just to update it.”

The complexity extended beyond their web of spreadsheets. Within their many entities, there were nearly 100 bank and brokerage accounts and 400+ alternative investments, all requiring individual tracking, reconciliation, and consolidation. Reporting was manual, time-consuming, and highly prone to human error.

Corine knew they needed a smarter and more reliable way to handle the family office’s growing financial operations.

Datarails Connect and FP&A: Fast, Flexible, Reliable

She sought a tool to automate consolidation and simplify reporting, without changing her team’s Excel workflow. She discovered Datarails at a conference and immediately saw it could handle Rivas Capital’s scale and complexity.

The team started with Datarails Connect for automated reporting and analytics, seeing results from the moment the rapid implementation began. Financial data from Sage Intacct refreshed directly in Excel, turning hours of work into minutes. Connect handled their reporting with ease, giving the team confidence in the platform and in their data.

After their success with Connect, and realizing the potential of having complete FP&A capabilities, Rivas Capital upgraded to Datarails’ full FP&A platform. The timing of the upgrade was critical: board meetings were approaching, and the family office needed to finalize financials fast. Within just three weeks, Corine and her Datarails Customer Success Manager had rebuilt the financial packages in FP&A, ensuring everything was accurate, automated, and ready for review.

Datarails FP&A not only expanded their reporting capabilities but also opened the door to budgeting, forecasting, planning, and deeper analysis, essential for the growing complexity of the family office.

Beyond the dramatic improvement to reporting and workflows, Corine was especially impressed by the quick implementation and level of support across both products.

Stress-Free Reporting

The upgrade to Datarails FP&A quickly paid off. Tasks that once took days, like updating financials or preparing board presentations, take minutes, with low risk of human error.

The platform’s flexibility has also been a game-changer. Reporting across entities, accounts, and investments is now seamless, and last-minute changes no longer derail the team’s work.

Future-Ready Finance

Beyond immediate reporting improvements, Datarails FP&A has set the foundation for future growth at Rivas Capital. They now have the flexibility to scale reporting, adapt to new requirements, and support the family office as it plans for future generations.