Caliber: Scaling Financial Management Toward $1B

What’s next

With a scalable financial management solution and experienced partner, Leung says that Caliber is starting to think more strategically about the application and its business data. “BT Partners is helping us select and incorporate Business Intelligence, plus add CRM, and real-time integration with our bank,” says Leung. “This level of forward-thinking and innovation wasn’t possible before.”

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About Caliber

Caliber – the Wealth Development Company – is a leading U.S. asset management sponsor with approximately $500 million in assets under management consisting of alternative investments in private funds and syndications. As a leading sponsor, Caliber delivers a full suite of alternative investments to a $4 trillion market that includes high net worth, accredited and qualified investors, as well as family offices and smaller institutions. The company strives to build wealth for its investors by offering investment solutions that fit an optimal balance of risk-adjusted returns and attractive investment performance.

Caliber chose to partner with BT Partners to meet its complex and evolving financial management system requiring a system that can scale and accumulate data across an investment life cycle that includes acquisition, construction, property management, and disposition in addition to managing complex accounting structures.

The Challenge

Caliber had outgrown QuickBooks as the company expanded to 10-15 separate entities. The legacy system could not effectively handle the increasing complexity of their financial operations or support the level of internal controls required for their growth trajectory.

Caliber needed a scalable cloud-based financial platform that could streamline processes, provide better visibility, deliver sophisticated consolidation capabilities, and support strategic decision-making across their dynamic investment portfolio.

With an impending initial public offering in the works, Leung understood that Caliber needed to build an internal control infrastructure that would meet public reporting standards. “QuickBooks simply lacks that level of internal control,” he says. “Sage Intacct provides the visibility and audit trail that Caliber needs to ensure their investors feel confident.”

Why BT Partners?

While there were other implementation partners to choose from, Caliber selected BT Partners. “They were quick to understand us,” Leung says. “They work with other wealth management firms, so they were able to give us useful recommendations to utilize Sage Intacct to its fullest extent. This was extremely valuable to get it right from the start.”

BT Partners spearheaded the effort to convert Caliber’s QuickBooks data and then designed executive dashboards that provide real-time insight into Caliber’s dynamic operations. “BT Partners met with our executive team and figured out what Caliber needed to run its business,” says Leung. “They effectively took that information and transformed it into useful dashboards that deliver real time information at a glance.”

He adds, “I appreciate how BT Partners put a personalized touch to the project. They were forging a relationship with Caliber, not just making a transaction. They are always asking how they can help us achieve our next business goal. We value providers that look at things that way. It certainly helps separate BT Partners from their peers.”

The Solution

BT Partners led the implementation of a modern cloud financial management platform, including data conversion from QuickBooks. They designed executive dashboards that provide real-time insights tailored to Caliber’s operations and investment portfolio.

The project emphasized sophisticated consolidation capabilities, improved internal controls, and flexible reporting. BT Partners worked closely with the executive team to configure the system to meet current needs while building a foundation for future scalability