Fenchurch Environmental Group (FEG), a manufacturer of air filtration products and solutions to all industries, is implementing an integrated finance and payroll system from m-hance. This system, which will also comprise collections management functionality and interface into Fenchurch’s existing Oracle-based enterprise resource planning (ERP) application, will improve cash collection and reduce manual administration by several days each month. The planned go-live is January 2013.
Fenchurch had outgrown its current Datafile accounting system, as it was no longer fulfilling its needs. After considering alternative solutions on the market including Sage 50 and Sage 200, it opted for a system from m-hance comprising financial management and payroll functionality (powered by Jane Payroll) integrated into its Oracle-based ERP application, which was a key requirement.
David Townsend, financial controller at FEG, said: “Our out-dated system was holding us back as the group continued to grow. We therefore sought an intuitive system that could allow us to set automatic follow-up actions and diary-based reminders to enable us to speed-up our processes and reduce bad debt expense.
“In contrast to other suppliers who gave us a standard online demonstration over the phone, m-hance visited us and provided a tailored demonstration while fully answering our queries. This gave us the confidence that they could deliver a flexible and world class system with the specific functionality we needed to more efficiently manage our processes.”
Townsend believes that m-hance’s system will enable FEG to markedly improve its collection processes and manage bad debts more effectively. “We anticipate that this will assist us to significantly reduce our percentage values of overdue invoices, considerably increasing cash flow and giving us greater financial control,” he said.
“The advanced functionality of m-hance’s system will also free-up several days each month that the finance department was previously spending manually consolidating and inputting data into multiple spreadsheets for management reporting purposes. This will improve finance’s ability to contribute more to the business’s future success by allowing them to focus solely on core strategic activities,” Townsend added.
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