Intelligent CIO APAC Issue 07 | Page 53

FEATURE : SOFTWARE

Australian energy company enhances accounting efficiency by 30 %

Sage Intacct is helping Weston Energy simplify its accounting with an easy-to-use solution that provides real-time accounting visibility with intuitive dashboards and streamlined reporting and control of key accounting metrics .

Weston Energy is a Sydney-based

gas retailer , backed by Weston Aluminium , one of Australia ’ s leading recycling and industrial services businesses . Weston Energy helps its customers buy gas in new ways to keep the cost of energy down , offering greater flexibility and complete transparency so they can make informed decisions when purchasing gas .
Held back by limited , outdated financial management software
Chris Mouradjallian , Financial Controller at Weston Energy , said the company was facing several challenges with its legacy software .
“ Our previous financial management software was very outdated ,” he said .
“ The solution was hosted on a server and it had very limited functionality . For instance , you couldn ’ t reverse or edit certain actions . It was very difficult to monitor and control our accounts receivables .
“ We had a change in management within the business , so we were being asked to provide different financial reporting and data . Our previous system couldn ’ t help us meet these requirements . Ours is a multi-entity business , and our previous solution was set up on a single entity structure . We needed a modern financial management solution that would allow us to manage multiple entities .”
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