Case Study: Boutique Investment Fund achieves FCA-compliant cloud accounting with Aqilla

Boutique Investment Fund Managers Protect Their Data Within A Cloud Accounting Solution

A UK-based boutique investment fund, Argonaut Capital, faced the challenge of finding a new cloud-based accounting system that could ensure full compliance with strict UK data protection regulations while also delivering the powerful functionality of a larger enterprise system. Needing to build their financial operations from scratch, their CFO, Gemma Hutton, sought a solution that was both secure and offered robust features without high implementation costs, ruling out options like FinancialForce and NetSuite.

The fund chose the Aqilla accounting software for its UK-based data centers, which guaranteed regulatory compliance, and its strong Excel integration. The Aqilla implementation was completed in less than a month, with the system being installed in a single day. This provided the "big system-style" functionality required, streamlined their month-end processes, and supported the growing business with a flexible, cost-effective solution.