Vantage Wealth Management

Company Overview

Vantage is a privately owned financial advice practice based in Western Australia, founded on professionalism and the commitment to provide exceptional service. The firm extends a welcoming invitation to assist individuals in Western Australia with their investment, growth, and wealth protection needs. Vantage operates under a privately owned license and remains unaffected by the influence of institutional shareholders.


  • Multi-Company Management
  • Data Migration
  • Debtors Invoicing
  • Commission Invoicing
  • Accounts Payable
  • Payroll Integration


  • Automated Management Reports
  • Multi-Scenario Budgeting & Forecasting
  • Drillable Web Reports & Dashboards
  • Integrated Excel Read & Writeback
  • Variance Analysis
  • Consolidations & Eliminations
  • Ability to combine data from multiple sources

Employment Hero & KeyPay

  • Fully integrated Australian HR & Payroll updated on a regular basis for changes to Australian Industrial Relations laws.
UiPath RPA Implementers Perth WA Australia


  • Download and File Dealer Statements on CommPay
  • Processing of Dealer Statements

Challenges and Business Objectives

Vantage Group had the following challenges prior to embarking on a digital transformation process:

  • Disparate systems for revenue recording at group, adviser and supplier levels.
  • Outdated payroll and HR Compliance systems.
  • Very high level of manual processing.
  • Reckon accounting system was simple and easy to use but lacked support and functionality for a growing business.
  • No HR systems for recording employee attendance, performance, acceptance of policies etc.
  • Heavy manual interface with Reckon payroll system.
  • Paper- based and manual processes.
  • Very basic and inefficient management reporting or revenues, P&L etc.
  • Key person risk.
  • Dis-Integration.

The main goals of this project were:

  • Streamline financial workflows using Odoo ERP and integrate Payroll with KeyPay.
  • Automate CommPay workflow: Download and File Dealer Statements, and Processing of Dealer Statements using Robotics Process Automation.
  • Create import and export functions to facilitate data exchange between Odoo and CommPay.
  • Automate management reporting using Odoo & Essatto.
  • Provide a basic, easy-to-use, integrated solution which can be enhanced and expanded in future stages as the business grows.

Solution Benefit

Time and resources savings:

  • Improved efficiency by streamlining HR, accounting, and management reporting processes, reducing staff from 1.5 FTE to 0.4 FTE.
  • Realised cost savings exceeding $100k per annum.
  • Achieved a payback period between 0.5 and 0.75 years, excluding upfront implementation time.
  • Significant error reduction and associated financial savings.

Accounting and management reporting efficiency:

  • Monthly revenue and reconciliations streamlined to a swift 2–4-day turnaround, down from the former 15-25 day process. This enhancement not only saved time but unlocked the potential for faster, informed decision-making.
  • Essatto empowered Vantage Wealth Management with immediate access to management reports right after the month-end close-off. Previously, a 20-30 day waiting period and up to a day for completion were the norm. Now, they get to seize the advantage of real-time data for quicker, more decisive actions.
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