Success Profile                                                  Expense Management: Taking It Loomis Sayles & Company    ...
About SumTotal                                             Among the most important missing pieces of the expense manageme...
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  1. 1. Success Profile Expense Management: Taking It Loomis Sayles & Company to the Next Level One Financial Center Boston, MA USA BUSINESS CHALLENGES ■ Allocate expenses among multiple clients“The reporting tools are outstanding. They give ■ Spend analytics and flexible reporting us the power of business intelligence tools ■ Multiple currencies and exchange rates without the complications or the costs.” ■ Handle real-time updates to and from CRM system— Dan Garuti Vice President, Administration SOLUTION Loomis Sayles & Company, L.P. ■ Implemented SumTotal’s Expense Management solution Fast Facts RESULTS Industry: Financial Services ■ Intelligent reporting focused on business requirements Region: North America ■ Multiple languages and currencies for international travelers Users: 200+ ■ Full integration with legacy system Solution: SumTotal Expense Management Integration: Lawson Internal CRM With nearly 80 years serving the investment needs of institutional, mutual fund and high-net-worth clients, Loomis Sayles & Company blends tradition with vision. The combination engenders trust and confidence among the clients it serves worldwide. The Boston, Massachusetts-based firm manages $63 billion in assets and is a recognized leader in the investment management industry. The firm describes the approach of its investment professionals as “leaving no stone unturned.” The same can be said of its quest for better tools to run its business. In this case, Loomis Sayles sought a fully-integrated expense management system and SumTotal provided them with the solution that best matched their needs. THE CHALLENGE For Loomis Sayles, the process of researching investments and serving clients requires frequent travel. Understandably, effectively managing expenses has always been a top priority. Loomis was early to expense management automation and saved a great deal by doing so. However, Loomis’ evolving requirements for its expense management system were quickly outpacing the current system’s capability.
  2. 2. About SumTotal Among the most important missing pieces of the expense management puzzle was the need to precisely allocate client expenses so that profitability on a client-SumTotal Systems, Inc. is the global leader by-client basis could be measured. This required the expense managementstrategic Human Capital Management system to receive frequent updates of client activity codes from Loomis’ customer(HCM) solutions that provide organizations relationship management (CRM) system. Then, when an expense report is created,with a new level of visibility to help make the expenses will be automatically linked and allocated to the appropriate client.more informed business decisions andaccelerate growth. Recognized by indus- Dan Garuti, Loomis Sayles vice president, commented, “Having these twotry analysts as the most complete solution, systems talk to one another was crucial in order to derive accurate profitabilitySumTotal provides full employee lifecycle measures. SumTotal’s solution was designed to permit real-time interfaces to theirmanagement, including a core system of databases and they helped us make it happen.” Another requirement for Loomisrecord, from a single provider for improved was a powerful reporting capability. Without flexible analytics tools, generatingbusiness intelligence. The company offers reports consumes an inordinate amount of time requiring data to be dumped intocustomers of all sizes and industries the spreadsheets and manipulated.most flexibility and choice with multiplepurchase, configuration, and deployment RESULTSoptions. We have increased the perfor- “The reporting tools that are available with SumTotal Expense Management aremance of the world’s largest organizations outstanding. They give us the power of business intelligence tools without theincluding Sony Electronics (NYSE: SNE), complications or the costs.”AstraZeneca (NYSE: AZN [ADR]; London: There were a number of other factors that further tipped the scales towardAZN), Amway (KUL:AMWAY), Seagate SumTotal such as the ability to Whitepaperslanguages and multiple currencies handle multiple Executive Guide: Impr(NYSE: STX), Dell (NASDAQ:DELL), and for international travelers, as Talent Management well as provide up-to-date exchange Performance through S rates for usersGoogle (NASDAQ:GOOG). For more who would no longer have to calculateManagement Compensation them manually. Further, Partners, and Custome Loomis Saylesinformation, or to request a demo, please wanted to ensure that they were gettingManagement Performance the most advanced security options sincecall +1 (800) 881-2546 (US / Canada), the system would be handling credit card data and other sensitive data files. Learning Management (LMS)+1 (508) 358-1072 (international) or visit “We are very happy with SumTotal Expense Management. We set some very Extended Whitepaper aggressive requirements for our expense management solution and I am pleased Succession Planning Building a Business Ca to report that the system Hiring & Recruiting90% of our wish list right now. And, of even is delivering about ManagementAbout Loomis, Sayles E-Learning for Externa greater importance to us is that we have developed an effective working relationship& Company Go with SumTotal which will allow us to continually move the technology forward.”Since 1926, Loomis, Sayles & Company,L.P. has served the investment needs of Case Studies: Orbitz, Cinstitutional and mutual fund clients. As International Rectifier,performance-driven investors seeking Next Steps Pharmacy Systems, Incexceptional opportunities, Loomis Sayles +1-352-264-2800employs actively managed disciplines thatcombine fundamental research, systematic Contact Us on the Webrisk assessment and experienced portfolio Submit an RFPmanagement. This rich tradition hasearned Loomis Sayles the trust and respect Visit the Resource Center Download Additionaof clients worldwide, for whom it manages Resources from Sum www.sumtotalsystems.commore than $156.3 billion in equity and fixedincome assets as of March 31, 2011.Learnmore at www.loomissayles.comwww.sumtotalsystems.comCorporate Headquarters EMEA APACSumTotal Systems, Inc. SumTotal Systems, UK SumTotal Systems India Pvt. Ltd. © 2011 SumTotal Systems, Inc. All rights reserved. SumTotal, and the2850 NW 43rd Street 59-60 Thames Street 7th Floor Maximus Towers SumTotal logo, are registered trademarks or trademarks of SumTotalSuite #200 Windsor, Berkshire Building 2B, Mind Space Systems, Inc. and/or its affiliates in the United States and/or otherGainesville, FL 32606 USA United Kingdom, SL4 1TX Raheja IT Park, Cyberabad countries. Other names may be trademarks of their respective owners.Phone: +1 352 264 2800 Phone: +44 (0) 1753 211 900 Hyderabad, AP- 500081, India 11_0727LSFax: +1 352 264 2801 Fax: +44 (0) 1753 211 901 Phone: +91 (0) 40 6695 0000 Fax: +91 (0) 40 2311 2727