Exchequer Drives Perfect Bore

Motor sport manufacturer implements business and accounting software to reduce reporting timescales by 20%

                          

Perfect Bore Limited, a manufacturer of boring equipment including cylinder liners and pistons for the motor sport industry, has placed an order for business and accounting software for Exchequer from IRIS Enterprise Software.

 

Exchequer will provide the company with a fully integrated back office system which eliminates manual data entry and the re-keying of information between disparate applications, whilst significantly decreasing reporting timescales.

 

In addition to the standard reports built into Exchequer, Perfect Bore is making use of the in-built Microsoft OLE technology which delivers unique drill-down capabilities within Microsoft Excel. This enables the company to produce management reports quickly and easily, all within a user-friendly, familiar software environment.

 

The versatility of the Exchequer's Report Writer module will offer significant benefits to Perfect Bore, by providing a seamless link between Microsoft Excel and the financial management data held within Exchequer. This will enable Perfect Bore to exchange information with ease from one database to another, removing the need for time consuming manual intervention and its potential for operator errors. 

 

Jason Wyles, Finance Manager at Perfect Bore says, "Exchequer's report writing functionality now enables us to close month end within a single day, whereas previously this used to take two days. Exchequer frees up 20% of the finance department's time by eliminating manual administration processes, and this enables finance staff to be re-deployed on to more business-critical tasks, such as budgeting, forecasting and cost analysis."

 

The implementation of Exchequer also enables appropriately authorised non-finance staff to access management reporting information at any given time, without needing accounting or IT knowledge in order to review and interrogate reports within the system.

 

Wyles explains, "Previously if a Sales Manager had wanted to view the number of sales their department had completed in any given period they would have to ask a member of the finance team to generate a report for them. However, by using Exchequer's OLE functionality anyone within the company can now access and analyse up-to-date financial information within Microsoft Excel. All of this encourages user understanding and acceptance of the system and supports faster decision-making."