Integration with University EPOS systems provides 'real-time'
information, enabling better analysis of profitability across all
commercial areas
Middlesex University Students' Union has placed an order with
accredited reseller TSG (Technology Services Group) to implement
IRIS Enterprise Software's business and accounting software,
Exchequer.
Exchequer will enable the University's Students Union to
automate core financial processes, reducing manual administration.
In addition, the University's Students Union will be able to
significantly enhance the speed and quality of reporting
information as a result of the integration between Exchequer and
the Students Union EPOS systems. This avoids the need to import and
export information between databases and ensures that 'live' data
is available at all times.
Ester Harris, Finance Supervisor at Middlesex University
Students' Union, says, "We looked at a number of business and
accounting software products in the market, but Exchequer impressed
us in terms of its ease of use, broad functionality and low cost of
ownership. With our old accounting system it was difficult to
extract and sort information and we had to manually transfer data
between our EPOS systems and the core accounts."
She continues, "Using Exchequer we will be able to
dramatically reduce our workload since we are able to automate
laborious, time-consuming tasks. Our daily reports will include
'real-time' information from our EPOS systems, (when the link is
enabled) which will enable us to assess the performance of all
commercial areas at any time. By eliminating manual admin processes
we now have more time to concentrate on analysing our profits and
costs across all the events, services and activities that we
provide to students."
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Middlesex University Students' Union is responsible for
representing students' interests and supporting the social and
recreational side of campus life. The Union also manages three
bars, a number of gaming machines, five shops and several other
commercial activities. It is also responsible for payment of casual
workers' wages, as well as issuing students with NUS cards which
entitle them to discounts. All of this means that tight financial
control and 'real-time' reporting information is key in order to
ensure that the Union is able to provide students with a reliable
service whilst also generating profit for the University.
The new minimum wage requirements also mean that the
University has to keep a tight control of staff wages and ensure
that all students are being taxed correctly. Exchequer helps to
automate this process and ensures that students are always paid on
time and that tax allowances are accurate.
Commenting on the support provided by reseller TSG,
Harris says, "I have found the team at TSG to be extremely
pro-active, reliable and flexible at all times. Their project
management has been excellent and their knowledge of both technical
and accounting issues has meant that they can answer any questions
we have very quickly. They were also able to assess our existing IT
infrastructure to ensure that we had a resilient platform that
could grow with us as we
continue to expand the range of services that we offer to
students."