Currently, both Troika and WealthWorks+ continue to operate side by side. Development of WealthWorks+ continues - any new features introduced, documented within our release notes here:
WealthWorks+ New Features and Release Notes
We often get asked for an update as to where we are with the move. Here is an update from Mick Jones, Managing Director, as at 12 December 2023:
"We continue to invest heavily in the move to a full web based system. The current focus is on moving accounting functionality from Troika to WealthWorks+. The task has been split into three phases:
Phase One
Journals, bank receipts and payments, nominal code management, trial balances and accounting period management, accounts and reporting, all with full foreign currency.
Phase Two
Investment and Asset management and accounting plus related reporting.
Phase Three
Global bank.
Timing
Phase One functionality has been shared with existing users across 2023, with some final pieces included in the last delivery of the year, WealthWorks+4.16. Whilst there is no data conversation required, any move from Troika accounting to WealthWorks+ will need to be planned, and we will work with each client to facilitate this.
Phase Two is planned for delivery by end Q2 2024, with Phase Three following in the second half of 2024.
In the meanwhile...
All client administration is now available in WealthWorks+. If you have been using Administration in Troika, you should now be using WealthWorks+. If you do not use Troika for your client administration, you really should be using WealthWorks+. If you need an overview of the benefits, we can book a Teams call with you."