Quantessence
About Quantessence
Quantessence is a leading FinTech company within the Euroclear group, developing advanced technology platforms for personalised savings, investment, and income products. The company enables financial institutions to deliver tailor-made investment solutions efficiently, with a strong focus on automation, compliance, and seamless customer experience.
Operating across multiple European countries, Quantessence combines innovation and precision to simplify complex financial processes for its institutional partners.
The Challenge
As Quantessence expanded its operations across Belgium, the UK, and the Czech Republic, each location maintained separate accounting systems and local accountants. This fragmented setup created challenges in obtaining consolidated and real-time financial insights.
The company needed:
A centralized accounting platform capable of providing both consolidated and local financial reports (balance sheet, P&L, cash flow) in real time.
An integrated leave management system to streamline HR processes.
A CRM solution with automated communication capabilities to enhance client engagement.
A modern expense management tool, similar to Rydoo, allowing employees to submit and approve expenses seamlessly, directly integrated with accounting.
The Solution – Odoo, Implemented by KPMG Belgium
Quantessence partnered with KPMG Belgium to implement Odoo Accounting as the foundation for a unified financial management solution. The modular and scalable nature of Odoo allows Quantessence to progressively integrate additional departments and functionalities as their operations evolve.
The Results
By transitioning to Odoo, Quantessence gains:
Unified financial visibility across multiple entities and jurisdictions.
Real-time reporting, reducing manual consolidation efforts.
Improved efficiency through integrated expense and leave management.
Scalability to add CRM and other business applications as the company grows.
