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The Regent Organisation (“Regent”), one of the top 50 IFAs & Actuaries has chosen AIM listed IT consultancy and software solutions provider, Touchstone Group, to supply them with Microsoft Dynamics GP financial and accounting software.
Regent acts for both private and corporate clients in the financial services sector. The independent advice and services they provide covers four main areas: Actuarial, Group Pension & Employee Benefits, Outsourcing & Resource and Independent Financial Advice. In addition, they are able to offer On-Line Services for Direct Offerings.
From a start up in 1997, Regent is now a Group with three operating companies and an expected consolidated turnover for this year of nearly £10 million, Regent’s plan is for growth to continue at this rate by virtue of further acquisitions and organically which means that strong financial control and high level management reporting are a prerequisite.
However, with the company’s original financial systems reaching the limit of their ability, Regent decided it needed to invest in an all new financial control system that would provide even greater levels of management reporting and yet have the ability to grow with the company over time. The brief placed a high priority on areas such as debtors, individual consultant performance against budget and expenditure control.
After an extensive review of the market, Regent chose Microsoft Dynamics GP to be implemented by Touchstone Group who were selected on the basis of their professionalism and experience in the financial services sector. Richard Fremantle, Managing Director, Regent, notes, “Financial issues have become more recognised as a puzzle by both companies and individuals. By solving our clients’ problems well, we have grown rapidly on the basis of our reputation and through acquisition.
It was a prudent time for us to evaluate what the company now needed in control and reporting terms to support the next stage of our growth. Microsoft Dynamics GP delivers the right balance of flexibility, power and sophistication in terms of report generation to meet out needs. Having made that choice, the next question was, “Who do you trust to implement it?” Touchstone Group has a strong reputation in the financial services sector and we were impressed by their approach. We look forward, therefore, to exploiting the fruits of the new system in the near future, especially, of course, when it comes to assessing the financial impact of potential acquisitions.”
For his part Adrian McNay, Group Board Director, Touchstone Group added, “At all levels Regent has built a well earned reputation for problem solving and this is especially true when it comes to delivering effective solutions to the complex needs of its clients. We are delighted therefore to have provided a solution for Regent’s financial control needs that will grow with them as their success story continues.”