Summary
Facing challenges with disparate systems across its 40 subsidiaries, FIO Capital needed a solution to centralize and streamline its operations. WEM’s no-code platform proved to be the ideal solution, delivering remarkable results in speed, cost efficiency, and user experience.
Key results
- The development of core systems and proofs of concept were achieved within just four months.
- Reduced resource requirements by 80% compared to traditional methods.
- Enabled non-technical staff, including C-suite members, to contribute directly to platform development.
- Streamlined interfaces and role-based privileges are optimized for minimal clicks and efficient data delivery.
Industry
Financial Services
Use case
API Integrations
Who is FIO Capital?
FIO Capital is a leading global investment firm with a mission to combat poverty and inequality by empowering emerging entrepreneurs. With a diverse portfolio spanning various industries, FIO Capital manages 40 subsidiaries across different regions. The firm is dedicated to creating impactful growth opportunities and fostering innovation in its quest to drive social and economic progress.
The Challenge
Before adopting WEM’s no-code platform, FIO Capital had a lack of centralization, with 40 subsidiaries operating on disparate systems that led to inefficiencies and difficulties in cohesive data management. Integration issues arose from varied systems across locations, impeding performance management and operational effectiveness. The firm also struggled with inadequate visibility into company performance, affecting strategic decision-making. Traditional solutions required extensive technical expertise and time, stretching resources thin and slowing critical processes.
The Solution
FIO Capital integrated WEM’s no-code platform, which provided a robust solution for streamlining their operations. The platform enabled the rapid development of a core CRM system, operational information systems for startups, and four proofs of concept, including point of sale, traceability, stock control, and fuel management. WEM’s superior API functionality ensured seamless integration with existing systems, allowing quick adjustments to meet evolving business needs. The user-friendly interface with role-based access streamlined operations, reducing the need for extensive technical support and improving overall efficiency.
“The core aspects of WEM spoke directly to us: no-code for the speed, cloud-based for the centralization and integration and for security there was the ISO 27001 certification.”— Renier Janse Van Vuuren, COO & Enterprise Architect, FIO Capital
Positive Business Impact
- Cost Reduction: Significant savings on development and maintenance costs by minimizing reliance on extensive technical resources.
- Enhanced Efficiency: Streamlined operations and automated tasks reduced manual effort and increased productivity.
- Scalability: The flexible platform supported the growth of FIO Capital’s subsidiaries, accommodating evolving business needs without compromising performance.
- Improved Visibility: Comprehensive insights into company performance facilitated better strategic planning and operational oversight.
- Time Savings: Accelerated project timelines, with processes that previously took months now completed in weeks.
- Revenue Growth: Improved performance tracking and decision-making contributed to increased revenue and better support for incubated startups.
Looking Ahead
Encouraged by the success of WEM’s platform, FIO Capital plans to expand its use across the entire FIO Service Group. Future initiatives include transitioning all financial systems to WEM and leveraging its extensive dashboarding capabilities for deeper insights. The platform has become a key enabler in FIO Capital’s growth strategy, ensuring high-quality information systems for new ventures.
