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A Greentree solution helps Infocus Wealth Management save half a day every week, while giving the Group Finance & Administration Manager peace of mind at the end of the month.
| Business Benefits |
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Data entry time cut from four hours to 5 minutes, resulting in a 98% productivity gain. |
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Complete integration with the Greentree accounting package and Excel has eliminated the need to re-key data, reducing human error |
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With fully customisable reporting, full visibilty of costs can now be achieved, ensuring greater control and management of costs. |
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| “With Greentree, we don’t have to worry that things haven’t been done properly. At the end of the month I’m a lot more confident about our reporting and our costs.” |
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 The Finance and Administration team at Infocus Wealth Management used to be very limited in what it could do simultaneously. Infocus consists of six companies that cover a significant amount of transactions, but the previous accounting package wouldn’t let multiple staff access different companies at the same time.
“We could only have one company open at the time, which was unsustainable,” says Simon Richards, Group Finance & Administration Manager at Infocus. The team also spent several days a month re-keying data, as there was no link between the accounting software and Microsoft Excel.
The financial services company needed to streamline its accounting processes, reduce time spent on data entry and increase visibility into costs, says Simon.
Overall, implementing the Greentree modules has led to a reduction in time and cost, he says. The time saved can now be spent on more productive tasks, such as internal controls.
 Greentree’s Business Partner blueStar Business Solutions helped implement the modules. “We are getting excellent service from blueStar,” says Simon. “They were great in terms of getting the systems going and they give us ongoing assistance as well.”
Simon joined the company halfway through the installation, which meant that blueStar “sort of had to take two steps back before we could go forward again”, he says. “They handled that situation very well.”
With experts in different areas, the blueStar team covers a lot of ground, he says. They also have a quick turnaround time, which Infocus values highly. “If queries are urgent they will take care of it straight away,” says Simon.
Problem >
Infocus Wealth Management needed to streamline its accounting processes and reduce time spent on data entry. The previous accounting package was unable to let multiple staff access different companies at the same time. Running weekly payment reports to Infocus’ 75 offices across Australia used to take half a day every week.
Solution >
A fully integrated modular solution from Greentree drives efficiency at Infocus. The financial team can now access multiple companies at the same time and integration with Excel means that data entry time has been reduced from days to minutes.
Outcome >
Greentree helps bring data entry time down from half a day every week to five minutes – effectively a 98% productivity gain for the financial team. The time saved can be spent on more productive tasks, such as internal controls. |
About Infocus
- Infocus is one of the leading and fastest growing financial services enterprises in Australia.
- The company is built on family values and is 100% Australian-owned.
- Infocus looks after over A$3 billion of Australians’ superannuation and investment funds.
For more information visit: www.infocus.com.au
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