case study: Industrie IT

industrieitIndustrie IT is a privately owned professional services consulting organization that specializes in building and developing complex online customised software solutions for some of Australia’s top ASX 200 listed companies.

As the business grew to a practice of some 70+ delivery consultants, the internal pressures on managing the practice started to rise.

MYCFO advisory were engaged to work with Industrie IT to implement Saasu.com. The project soon expanded out to a CFO advisory role.

We have assisted Industrie IT in the sourcing, selection and review of project management software which also included contract negotiation with a large US software vendor.

Other projects have included review of commercial contracts, office leases, development of internal reporting tools, bonus compensation modeling and financial reporting.

Challenges:

The practice was growing and the accounting system could not scale or deploy in line with the business growth.

A mobile workforce of consultants and administration staff spread across multiple locations, meant fast and reliable access to the accounting system was required.

The owners of the business were looking for a cost effective solution that provided real time results.

The owners and shareholders of the business all wanted access to financial data across multiple locations without impact on system performance.

Results with Saasu:

Industrie IT has improved month end close and now completes the financial close in a matter of days.

Labour intensive tasks such as data entry can be linked to other operational systems resulting in time and cost savings across the business.

Investors in the business have real time access to financial data removing the need to ask for regular financial reports. They can “tap” into the system 24 x 7.

Software Abandoned:

MYOB

Saasu Migration Project Lead:

MYCFO

“After years of using MYOB, we continue to be amazed at the simplicity, yet powerful and scalable solution that Saasu has created”

Case Challenge

Industrie IT is a business going places. Today they are a boutique specialist consulting practice working with some of Australia’s most prestigious top ASX 200 financial institutions.

As the business has grown and developed, so to have the reporting requirements of the shareholders. The business operates in a very complex environment, taking on project risk through fixed price and time and material projects.

“As a serial entrepreneur, I needed an accounting system that was robust enough to cope with the invoicing requirements of a consulting practice, yet had the ability to scale up as the business grew without adding to software system costs.

As a business owner, access to data on a Sunday morning was a mission critical requirement. I am serious about my business and study my financial results over my Sunday morning coffee, croissant and paper.

Saasu was the system of choice for a complex consulting business. The sophisticated security protocols and data back up and recovery procedures meant we could sleep at night knowing our mission critical data was protected to a level we could not achieve in house.

We build very sophisticated and complex systems for our ASX 200 clients. Being experts in our field, we demand in house financial systems that produce financial metrics and data analysis to manage and steer our business in the right direction.

Saasu is our system of choice and allows our business to grow, scale and reach new highs in financial management.”

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