QIC Limited

The solution has allowed QIC to cope with industry changes, regulatory reform and offshore expansion.

Case study highlights

  • Month-end closure reduced from 8 to 3 days
  • Centeralised all financial information
  • Third largest investment company in Australia

The Challenge

With more than $60 billion in funds under management* , QIC, one of Australia’s largest institutional investment managers, operates a highly specialised ‘house of boutiques’ model, which means it engages with institutional clients across a range of asset classes.

These asset classes include Global Fixed Interest, Global Real Estate, Global Infrastructure, Global Private Equity, Australian Small Companies, Quantitative Management, Strategy and Capital Markets. This model provides investors with the specialisation, responsiveness and client alignment of a boutique with the backing of a large investment manager. When

QIC was looking to sharpen its focus on profitability, it realised it needed new technology that could evolve with the company to help it stay ahead of a rapidly changing financial services industry.

The Solution

TechnologyOne (ASX: TNE) was chosen following a tender process to implement its Financials suite and help QIC become more efficient and strategic in an increasingly competitive industry.

QIC achieved its objective by integrating all of its corporate financial information into one ‘single source of truth’, and by streamlining and automating financial processes, giving QIC a clear picture of profitability and opportunities to improve its bottom line.

The Outcome

The investment manager’s finance team operates as a shared service to the boutiques and has since been able to adapt the flexible software to meet changing needs as they arise without requiring costly reprogramming or external consultants.

This flexibility was invaluable when the ‘house of boutiques’ model was formalised and continues to gives QIC a competitive advantage.


QIC’s Chief Financial Officer Claire Blake said the implementation of the TechnologyOne Financials suite had played an important role in positioning the finance team to support the company’s increased focus on profitability and expansion into new investment solutions and geographies.

“Responsibility for profit has been formalised across QIC and we now report fully absorbed profit by boutique which includes pricing our internal services, allocating revenue and setting key performance indicators on profit,” Ms Blake said.

“This has helped QIC sharpen its focus on operating commercially and profitably.”

Ms Blake said since implementation, the TechnologyOne software had been adapted to help QIC cope with industry changes, regulatory reform and offshore expansion.

The software has also assisted with generating significant efficiencies in the finance area.

“We used to have a number of complicated, time lagging and paper intensive finance systems.

“Since implementing TechnologyOne Financials, we have seen a huge amount of efficiency gains in the finance area – the month-end close has been reduced from eight days to three and the virtually paperless approach we have adopted saves office space and time required to retrieve records,” Ms Blake said.

“By getting the overhaul of our systems right early on, technology is helping QIC to achieve its profitability objectives.

“We are confident the TechnologyOne solutions will continue to evolve with us.”

About QIC Limited

QIC is a leading provider of investment solutions for sovereign wealth funds, superannuation funds and other institutional investors. With a strong foundation in Australia, QIC’s presence also extends to Asia, the United Kingdom, Europe and the United States.

QIC Limited website

Publish date

30 Aug 2017

Download case study

Download PDF

Take a closer look at OneCorporate

A complete range of financial tools, real-time business insights, and process management apps to enable you to make better business decisions and optimise organisational performance.


  • Government Media release
    10 Nov 2023

    Ministry of Business, Innovation & Employment leading New Zealand’s SaaS journey

    New Zealand’s Ministry of Business, Innovation and Employment has transitioned its financial business suite to TechnologyOne SaaS solution.


  • Government Case study
    13 Sep 2023

    Regional Investment Corporation

    Human Resources & Payroll and Financials has enabled the Regional Investment Corporation to create more efficient operations and improve employee experience.


  • Asset Intensive Media release
    30 Aug 2023

    Tasmanian Irrigation growing state’s agricultural sector with digital uplift

    Tasmanian Irrigation is using TechnologyOne’s SaaS solution to help manage irrigation schemes across the state.


Looking for more resources?

Check out all 77 Financials resources.

Contact Us Agent - TechnologyOne

Have a question?

If you would like more information, we are here to help.