In any company, the accounting department is mission-critical to business success. Yet for many organizations, accounting teams are often small, in many cases consisting of only a few people. When those limited resources are stretched across essential financial operations, efficiency becomes priority—and a reliable banking provider becomes indispensable.
That’s why, when a lean accounting team discovers an embedded finance solution that simplifies their workload, they don’t just use it — they talk about it.
This was the case with The 4100 Group, an evergreen fund based in Lansing, Michigan. The 4100 Group focuses on advancing wealth and wellness in financial services, while also focusing on healthcare through the acquisition of innovative healthcare companies. Following a collaboration, partnered companies have the option of continuing to use their own accounting teams, or leverage The 4100 Group’s in-house accounting team services. As The 4100 Group takes on more accounting operations, the company’s four-person accounting team must become more efficient—which is why they were eager to pursue PINACLE Connect® as an embedded treasury solution when they learned about it from a preexisting client of PNC Treasury Management.
“The PNC PINACLE Connect solution allows us to provide higher volumes of service with fewer people,” said Tammy Hawkins, Director of Accounting Operations, The 4100 Group. “Not only does the platform drive payment processing efficiencies, it also helps make sure no vendor payments are missed by integrating with our ERP system to list invoices in queue for processing. Additionally, the platform allows us to review daily bank activity and current account balances within our ERP system. This integration helps make monthly account reconciliations simple and quick.”
The 4100 Group’s eagerness to adopt these embedded finance capabilities was based on the streamlined efficiencies the platform offers.
“PINACLE Connect is about ease of use and eliminating manual workload. The accounting team with The 4100 Group is really realizing value because we are truly embedding banking in their daily operations, removing bottlenecks and enabling growth,” said Tamara Wilson, PNC treasury management officer. “Another reason they have continued to expand their usage of PINACLE Connect is because they know that if there is ever any sort of problem, our team is going to be responsive and provide a quick resolution. It was important to us from the beginning of the relationship to build that level of trust so that The 4100 Group is comfortable knowing they have the support they need to keep things moving.”
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PNC’s team of industry specialists is available to unlock business potential, navigate new technology, and overcome the challenges that come along with digital transformation. No matter the company's industry or size, PNC Treasury Management platform solutions are flexible in scope and geared towards driving measurable results and improving key performance indicators. For more information, reach out to your PNC Relationship Manager, or contact us.
