The FD Centre Improves Time Management and Reduces Costs Deploying Portal for SAP Business One

Financial Director specialists use BPA Platform to automate invoicing processes and increase reporting capabilities
 
POOLE, U.K. - Oct. 28, 2020 - PRLog -- Codeless Platforms today revealed that The FD Centre, which provides part-time Finance Director services to the SME sector around the globe, has improved efficiency, reduced costs and taken greater control over data following the deployment of Codeless Platforms' Portal for SAP Business One and BPA Platform. The FD Centre has now automated the process of raising invoices/credit notes and increased its reporting capabilities.

"The first benefit received is the saving of time. From a finance perspective, having automated the billing process, we are saving around three to four days a month in the UK alone. Once each country is added, I believe we're going to save a month of an individual's time. I estimate it will save us around £50k per annum in time / monetary savings. The system will ultimately pay for itself (and some)," revealed Wayne Smith, Financial Controller, The FD Centre.

"The other thing which took an inordinate amount of time, was maintaining a list of customer receipts, and which Financial Director (FD) or Regional Director (RD) invoices needed to be paid. The system links a sales invoice to FD / RD invoices and automatically unblocks FD and RD invoices once sales invoices are marked as paid, from within SAP Business One. Again, that's a huge time saving."

"The third time saving is the speed of sending reports. The data and information we get enables us to start making decisions quicker and at a higher level. One of the reasons we're trying to bring each country in house is having visibility of what's happening in each country."

Information is extremely important for The FD Centre (https://www.thefdcentre.co.uk/), especially utilisation and forecasting. Previously, the organisation was reliant on asking each Regional Director (27 in the UK alone), to look at their forecasts and predict how many FDs they needed in each region, to help grow the business.

"Since implementing this project (https://www.codelessplatforms.com/case-study/fd-centre/) the reporting has given us an accurate utilisation percentage. This provides our people team with automated information, meaning the team can be more proactive rather than reactive. This will benefit each country as we continue to implement the platform globally," concluded Smith.

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Stuart Tarrant - Head of Communications
Codeless Platforms
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Tags:Sap Business One
Industry:Technology
Location:Poole - Dorset - England
Subject:Projects
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