Partner Article

WPI Group selects integrated Exchequer solutions

Mobile app to provide managers with real-time financial information on the move

WPI Group Ltd (WPI) has selected a portfolio of finance, document management, HR and payroll solutions from Advanced Exchequer (Advanced) to support its growth strategy. The systems will significantly reduce month-end financial processing and provide real-time visibility of projects and financial reports via the Exchequer365 integrated mobile app. The solutions will go live in November 2015.

WPI provides a wide range of civil engineering, surfacing and property development services to the UK construction industry. The Cheshire-based company’s accelerated growth has placed a strain on its existing outdated financial management system. The Group will significantly improve the accessibility and accuracy of information to more closely monitor costs throughout the duration of each project. The business’s senior managers will be able to view financial data and reports in real-time (committed costs, payments and tax reports etc) and authorise documents 24/7 via the eXchequer365 mobile app.

Andy Hoose, Financial Director at WPI Group Ltd, says, “Our existing system is unreliable and takes weeks to produce the costing information that we need here and now. This is becoming impossible to manage as the business continues to grow.

“Of the three systems we considered, Exchequer had the clear edge because it is a fully integrated solution which will give us increased financial transparency and control. The Exchequer 365 mobile app, together with the document management system are also seen as vital requirements to increase efficiency throughout the business.”

In addition, Exchequer’s Construction Industry Scheme module will enable WPI to comply with HMRC tax legislation and keep track of payments made to each sub-contractor it employs.

The document management solution, which uses optical character recognition technology, will replace error prone and inefficient data entry processes to streamline the authorisation of purchase orders and 25,000 supplier invoices each year. All scanned financial documents will be automatically linked together and stored in a secure electronic archive. In the future, WPI plans to store non-financial documents including health and safety certificates and employee contracts, further cutting paper.

Finally, the HR and payroll functionality will maintain and process HR and payroll information for approximately 250 full-time and part-time employees, eliminating the need to manually extract and consolidate data from multiple systems into Excel spreadsheets.

Hoose comments, “With real time processing we will significantly reduce our month-end reporting process . Senior managers now have the flexibility to stay fully informed about the business’s performance from anywhere via the mobile solution, and by gaining instant visibility of committed costs will assist them to make better informed decisions and ensure we maximise profitability on each project.

“We also envisage further efficiency savings from Exchequer’s integrated payroll and document management solution through eliminating unnecessary duplication of effort and large volumes of paper documents.”

-ENDS-

Notes to Editors

About WPI Group Ltd Founded in 1979, WPI Group is a family-owned business situated in Cheshire serving the construction industries. The company provides a wide range of civil engineering, surfacing and property development services and is established in undertaking a variety of projects.

www.wpigroup.co.uk

About Advanced Exchequer Advanced Exchequer’s multi-award-winning, fully integrated accounting and business software helps organisations improve the way they manage and operate their business, delivering significant time and cost savings by automating everyday tasks. Flexible and easy to use, with powerful functionality built-in throughout, Exchequer supports all aspects of an organisation providing unrivalled analysis, exceptional management reporting and productivity enhancing tools. Exchequer improves customers’ productivity by 47%.

Award successes include ‘Financial Software Provider of the Year’ in the Real Finance/CBI FDs’ Excellence Awards, winning more times than any other software provider, ‘Best rated accounting product catering for businesses in the medium range’ in an authoritative survey by the ICAEW, and 100% user recommendation by Charity Finance for three years running.

Exchequer is part of Advanced Computer Software Group Limited, a leading supplier of software and IT services to the health, care and business services sectors. In 2014, the Group won Tech Company of the Year in PwC’s UK Tech Awards. Advanced was also ranked in the Deloitte UK Fast 50, which recognises the 50 fastest growing technology companies in the UK and ranked in the top 300 technology companies in Deloitte’s EMEA rankings.

http://www.exchequer.com/default.aspx

Press contacts Angela Mycock and Ben Carey, Advanced Computer Software Group E: pr@advancedcomputersoftware.com T: 01625 856513

This was posted in Bdaily's Members' News section by Advanced .