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Partnerships UK Overhauls Finance and Project Accounting Systems with Touchstone Group

 

Partnerships UK (PUK) has signed a six-figure deal with software and services company, Touchstone Group, to implement the Infor FMS SunSystems finance package and time@work project accounting software.

Traditionally, PUK – a  Public Private Partnership company – conducted dozens of million-pound projects that spanned a number of years. When the organisation shifted its impetus towards working on hundreds of shorter projects, its existing accounting system was not equipped to cope with the change.

This prompted PUK to purchase Infor FMS SunSystems finance software. The organisation turned to Touchstone – the largest services company offering Infor software in the UK – for consultancy and support in order to benefit from its vast experience and expertise for the project’s implementation.

Infor FMS SunSystems eXFM delivered by Touchstone will afford PUK many business advantages, including: an improved accounting control environment; enhanced reporting capabilities; improved invoicing and credit control; sharper forecasting and budgeting; better control and allocation of resources (financial and non-financial).

After assessing PUK’s accounting needs, Touchstone advised the organisation that implementing time@work project accounting software would complement the Infor FMS SunSystems package and improve the company’s overall operational efficiency.

PUK heeded the advice and now enjoys a raft of project accounting benefits, including: time recording in real time and remotely from anywhere in the world; easy-to-run reports on budgets, resource allocation, contracts and project updates; and simple processing of timesheets and expenses.

Alex Cribb, Finance Manager, PUK, comments: “The support we’ve received from Touchstone has been second to none. The company’s consultants are always very responsive and are on hand to lend their help whenever it’s needed.”

“We anticipate many operational improvements following the implementation. For example, we expect to save the equivalent of half a full-time employee just on inputting expenses alone. We also expect an improvement in the organisation’s cash flow, as the new accounting system will dramatically increase the speed at which we can get invoices out of the door and how promptly we can begin chasing debts. In terms of ROI, we anticipate the new systems will pay for themselves within a couple of years.”

Adrian McNay, Group Board Executive, Touchstone, comments: “The real value of outsourcing large IT projects to expert consultants is the years of experience they have under their belts. Our consultants can invariably see and fix a problem before it impacts an organisation, saving it time and money in the long run.”

“As with PUK, we also make a point of understanding exactly how the organisation works in a wider context, not just from an IT perspective. This allows us to consider the organisation’s broader ambitions before proposing the most cost-effective solution to help it meet those goals.”

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