CASE STUDY
To meet the company ’ s new broader strategy required the right level of resources and the right systems in place , says Glenn Butterworth , the Chief Financial Officer at 360 Capital Group . “ The key challenge we have faced over recent years is the growth of the business . We ’ ve diversified our product range and we are now operating globally , so we needed the resourcing and systems to support this growth ,” said Butterworth .
Another challenge 360 Capital Group faced was the fact it had to undertake a lot of manual work . Butterworth explains : “ We had to rely a lot on spreadsheets and reconciling , mapping and integrating data outside of our core accounting system .”
Coetzer said : “ 360 Capital Group has some really complex investments and needed a complete financial management oversight of its business . It also needed a cloud platform that would enable it to access this information at any time and from anywhere .”
Coetzer also realized that they needed a software solution to match the structure of the business . He explains : “ 360 Capital Group has a multi-company structure , with local companies in Australia as well as companies around the world , which require multicurrency and multi consolidation . They take the word multi to a whole other level !”
Time and efficiency savings
The organization also had a number of challenges with some of the funds they operated overseas , which are often very complex structures and operate in foreign currencies . The search for the right software package was supported by Stefan Coetzer , the Director of Business Solutions at Sage partner MicroChannel .
Butterworth explains that while using Sage Intacct over the past 18 months , he has seen the serious benefits from time saved during month-end reporting . “ We have managed to reduce the time spent for month-end by two days , which is over a 25 % improvement . Also we have seen an improvement in reporting across the group ,” he adds .
WE HAVE BUILT A STRONG PLATFORM THAT CAN NOW BE SCALED UP TO MEET
OUR LONG-TERM OBJECTIVES .
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