Wallman & Co is confidently compliant in everyday work with Finago Control
A growing client base demands structure and well-functioning processes. Wallman & Co consolidated their service agreements and KYC/AML processes in Finago Control and gained better oversight, greater efficiency and documentation ready for an audit at any time.
Behind Wallman & Co is Anna Wallman, an Authorised Accounting Consultant and member of FAR, institute for the accountancy profession in Sweden, with over 25 years of experience in finance and accounting. The firm was founded in 2009 and has since grown steadily with a clear focus: to grow in a controlled manner and never compromise on quality, responsibility, or client relationships.
The core team today consists of six consultants, and the firm manages around 250 business clients, ranging from smaller companies to larger organisations with revenues exceeding SEK 100 million.
As the client base grows, so do the demands for structure and efficiency in ensuring regulatory compliance. For Wallman & Co, it became clear that their approach to service agreements and KYC/AML needed to be both scalable and secure.
The challenge: manual steps, multiple systems, and poor oversight
For a firm that wants to grow in a controlled manner without compromising on quality, there is a clear challenge: every administrative task scales with client volume. At the same time, anti-money laundering legislation requires risk assessment, documentation, and established procedures, as well as the ongoing monitoring of each client’s risk profile.
Work is often spread across several different tools – one system for KYC, another for service agreements, and third for digital signing. When documentation is stored across multiple systems, it becomes difficult to get oversight and maintain control.
That is precisely the kind of uncertainty Wallman & Co wanted to eliminate. Today, the reality looks different. Alexandra Andersson, an Accounting Consultant at Wallman & Co, describes the situation: “If there is an audit, it’s very easy to retrieve what we already have. We don’t need to stress or go searching through folders or other systems since it’s just there. Everything we need is gathered in one single place.”
The solution: Finago Control, an all-in-one tool for engagement management and KYC/AML
With Finago Control, Wallman & Co consolidates service agreements, digital signing, and KYC/AML checks into a single system that supports the firm’s quality standards across all its operations.
“Previously, we worked in Excel forms, and there was always a risk that something wasn’t updated, was saved in the wrong place, or was simply forgotten. With Finago Control, we’ve completely eliminated that risk,” says Alexandra.
The system makes it possible to adjust checks to risk level and brings together key controls – such as PEP, ID, and sanctions checks. Everything is documented automatically, providing full traceability. In addition, daily client monitoring sends notifications when changes occur, making it easier to keep client records and checks up to date over time.
For Wallman & Co, this means the entire workflow is in one system. At the same time, they can still adapt its way of working to suit its own internal procedures.
“You can customise the system exactly according to how you want to work and what your internal routines look like. Because what matters is that you feel confident and satisfied with your checks, and that’s something you can achieve in Finago Control,” says Alexandra.
I choose Finago Control because it’s a complete system for KYC and AML. I can carry out all the steps I’m required to: assessing the client, identifying the client, monitoring the client, managing the client agreement, signing with the client, and working through checklists. That means I can operate with one system instead of several. – Anna Wallman, Authorised Accounting Consultant, Wallman & Co
With Finago Control, a service agreement suddenly takes ten minutes instead of three hours. If you have 300 clients, that’s quite a lot of time to save. – Anna Wallman, Authorised Accounting Consultant, Wallman & Co
The result: more time and greater peace of mind
The most tangible effect is the time saving.
But for Wallman & Co, the greatest gain is about more than efficiency. It’s about confidence and control. Anna explains: “I feel confident using Finago Control because I know it works in line with the process we’ve set up. We’re doing the things we’re legally required to do. And all those elements are covered, which means we can sleep without worries at night.”
When everything is consolidated, documented, and structured, retrieving supporting material for an audit is straightforward. No stress, no searching – everything is already there, gathered in one place.
A partner to rely on
For Wallman & Co, Finago Control isn’t just about features and efficiency, it’s also about the reassurance of having a partner by their side.
“If I notice something that needs to be changed, or I have suggestions for further development, there’s always a support team I can call and share ideas with,” says Anna.
“If you feel you need more support, I’d recommend trying Finago Control. It’s straightforward and easy to get started with,” says Alexandra.
I’ve evaluated different systems to see whether any of them cover our needs better. Every time, I reach the same conclusion – that we should stay with Finago Control, because it’s more comprehensive than the alternatives I’ve tried. – Anna Wallman, Authorised Accounting Consultant, Wallman & Co