Project Background

Founded in 1946, GGFL LLP is one of Ottawa’s oldest locally owned and operated accounting firms. With a team of eight partners, three associate partners and over 90 staff, GGFL serves entrepreneurs, construction and real estate companies, medical and dental professionals, non-profit organizations, and high-net-worth individuals.

“Part of our commitment to our clients is to consistently evolve and improve upon our service, which includes adopting new technology. We chose to work with Artiffex due to the platform’s unique ability to modernize the reconciliation of investment portfolios — which promised to significantly reduce time spent on this traditionally manual task.” — Chris Sheen, CPA, Manager, GGFL

Objectives

• Minimize time spent on investment bookkeeping
• Eliminate errors due to manual data entry
• Increase operational efficiency and reduce costs
• Enable a higher level of service to clients regardless of portfolio size

How We Got There

Artiffex worked closely with GGFL during the onboarding process to ensure the entire firm could quickly unlock the value in modernizing its traditional investment reconciliation practices. This included identifying an internal champion to drive adoption and act as an ongoing resource.

“Artiffex has created a very powerful platform that requires our team to reimagine how they have traditionally worked. From day one, Artiffex established our trust in both their team and the platform. Since then, they have continued to demonstrate their commitment to our success through open and transparent communications.” — Chris Sheen, CPA

Results

For its three largest clients, GGFL increased bookkeeping efficiency by 45%. File quality improved as a direct result of the reduction in manual entry, and the firm is on track to drive even greater efficiencies across its full client portfolio.