Albemarle & Bond, a large UK pawnbroker, is implementing a financial management system with integrated cash flow forecasting, electronic procurement, business intelligence, document management and imaging functionality from COA Solutions. This new system will enable Albemarle & Bond to reduce manually-intensive administration, manage its cash more effectively to support its future growth plans and aid financial and corporate decision making. The planned go-live date is Autumn 2009.
Stephen Wyeth, financial controller at Albemarle & Bond, said: “Our current financial system is outdated and restrictive, and makes it difficult to extract information for management reporting. Its limited general ledger and lack of bank reconciliation also makes it difficult to maintain control of costs. After evaluating several software providers, we decided that COA Solutions’ system was the closest fit to our business and offered the advanced functionality we needed to support us as we continue to grow through acquisitions.”
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