April Software’s data flow process solution will enable the Big4 to offer its clients standardised and fully automated data collection for a range of services.
PwC Luxembourg has purchased Data Central, a data management platform developed by April Software, a Luxembourg IT company.
The tool, a cloud-based data management solution, directly connects to a wide range of data providers. The acquisition will address the industry challenges of data sources multiplication and constantly increasing reporting requirements.
“For a majority of services such as regulatory and investor reporting and preparation of financial statements, extensive data collection from various sources is required (external vendors, fund administrators, depositary, etc.),” PwC explained. “Management Companies and Alternative Investment Fund Managers can now entrust the workload of their reporting to PwC as a single trusted partner and focus on business, efficiency, and growth.”
The tool will enable the professional services firm to offer clients standardised and fully automated data collection for a range of services: “The key objective is to centralise all the financial data in the same format in one place. This streamlines a time-consuming process and offers clients a central source of information,” it explained.
Data is controlled, standardised, and enriched if necessary to feed other PwC Managed Services applications. The platform takes care of the conversion and centralization of the data, which remain permanently accessible via web-access or embedded Excel API.
April Software is a Luxembourg IT company specialised in solutions dedicated to data-flow processes.
PwC Luxembourg provides audit, tax and advisory services including management consulting, transaction, financing, and regulatory advice.
