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COA to help SLP Engineering realise its business growth plans

28th Jun 2007
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COA (formerly CedarOpenAccounts) has won a contract with SLP Engineering Ltd, a company that specialises in the engineering, construction and installation of offshore oil and gas platforms and wind turbines, to provide a new financial management software solution that will support the SLP Group’s future growth plans. The new system will also help SLP to manage recent Government CIS (Construction Industry Scheme) reporting requirements.

SLP Engineering Ltd needed to replace its legacy core accounting software that constrained business growth and demanded labour intensive manual re-keying of data by the finance team. The COA OpenAccounts financial management solution was chosen for its strong financial reporting functionalities, cost effectiveness and easy integration with its existing business systems. COA’s web-based eFinance solution was also selected to enable project managers to access financial information remotely and with ease from the company’s locations across the UK and worldwide.

The COA solution will enable the company to save a significant amount of administrative time, by automating the CIS reporting.

John Lawrence, head of finance of SLP comments, “We required a financial management system that would provide a strong foundation to support the company’s expansion plans. We chose COA because it demonstrated that it had the flexibility and an understanding of our business to help us develop our management information systems, as a partner rather than simply as a supplier.

“By dramatically reducing finance department administration, the team will be able to spend their time more strategically improving business processes and solving issues.”

The COA systems at SLP are planned for go-live in October 2007.

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