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We Keep Recommending Accounting Hubs for Financial Services—Here’s Why

Rick Harper

Beyond ERP, middleware, or data warehouses, accounting hubs help Finance take back control of their data and gain a clear, accurate view of the business 

If you’re in a Finance role in financial services—from asset and wealth management to insurance and banking—you’re no stranger to complexity. Fragmented systems. Rapid growth. Tight regulations. And always, the expectation to close faster and report more accurately. 

In conversations with finance leaders, I’ve found that the same challenge surfaces over and over again: we’ve outgrown what our ERP can handle on its own. And yet, most of the teams I talk to aren’t aware that there is a solution: an accounting hub. 

Let’s change that, which will explain why HSO often recommends them. 

What is an Accounting Hub?

An accounting hub is a financial subledger that sits between your operational systems and your general ledger. It standardizes, enriches, and organizes financial transactions—applying consistent accounting rules to every business event, regardless of where it comes from. Whether it’s a loan disbursement, an advisory fee, or a policy commission, the accounting hub captures the details and creates auditable journal entries that flow cleanly into your GL. Think of it as your accounting factory—one that never gets tired, never makes a manual mistake, and always follows the rules you define. What it’s not is just another middleware tool. And it’s NOT a data warehouse. It is:
  • 1

    A rules-driven subledger that applies double-entry accounting logic to business events 

  • 2

    A control layer that tracks every entry with audit trails, versioning, and full traceability 

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    A platform that Finance owns—not IT, and not embedded in code

  • 4

    A financial engine that scales across products, entities, and business models

And the benefits of an accounting hub aren’t theoretical—we’re seeing them across the industry. 

A Few Industry Examples of Where Accounting Hubs Shine 

Let’s say you’re a wealth manager. Your fees are based on AUM. You have onboarding charges, custodian fees, portfolio rebalancing, and sub-advisor agreements. Each of these triggers accounting entries—often across multiple systems. The accounting hub brings that together: calculating, validating, and posting according to your rules. 

Or take an insurance broker. You’re collecting premiums on behalf of carriers, earning commissions, charging fees, processing cancellations. One policy can touch multiple financial flows—and multiple systems. The hub tracks it all and ensures your GL reflects the reality of the business. 

In banking, it might be interest accruals, ATM fees, mortgage originations, and customer deposits—all flowing from separate systems. The accounting hub makes sure those transactions are processed consistently, regardless of volume or system landscape. 

Why We Recommend Accounting Hubs 

If you’ve talked to our team—or received a proposal from us—chances are, we’ve mentioned an accounting hub. We don’t do it to push an agenda. We do it because we’ve seen what happens when Finance doesn’t have one: 

  • Reporting delays from fragmented, inconsistent data

  • Audit risk from poor traceability and manual workarounds

  • GLs bloated with subledger detail, slowing performance

  • Finance teams dependent on IT for even small changes 

We’ve also seen the opposite. We’ve seen finance teams take back control, clean up their data, and finally get a clear, trusted view of the business—because they had an accounting hub in place. 

Autonomous Finance Resources

Talk to HSO About What an Accounting Hub Can Do for Your Firm 

At HSO, we’ve implemented accounting hubs across banking, insurance, asset management, and beyond. And every time, the result is the same: faster closes, greater control, and less firefighting. If your ERP is straining under complexity—if you’re juggling too many systems, too many spreadsheets, and too many surprises—it might be time to ask: Is it time for an accounting hub? 

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