Fast Web Media Looks to Increase Profitability with Exchequer from IRIS Enterprise Software
Web specialists Fast Web Media have recently invested in Exchequer from IRIS Enterprise Software to produce monthly accounts and payroll data. The company is expecting Exchequer to increase business profitability, as well as improving project costing.
Based in Manchester, Fast Web Media specialise in web design, online marketing and search engine optimisation. The company previously had their accounts produced by a firm of accountants. However, they were experiencing problems due to lack of information, timing of information, no control over the process and high costs for the service received.
Adrian Carter of Fast Web Media comments, “We looked at Exchequer, SAP and Access. We found the price of Exchequer was within budget and the system flexible to operate. However, it was the extensive reporting capabilities and ease of use that was the deciding factor when choosing to adopt Exchequer.”
Exchequer links dynamically with Microsoft Excel using OLE technology to create up-to-the-minute reports in seconds. The Report Writer module provides an easy to use, fast and flexible tool for creating analysis reports. This means Fast Web Media are able to design any number of reports, which can be grouped into a hierarchical tree.
It was very important for Fast Web Media to have a financial management package that enabled monthly accounts to be available for the company as a whole, as well as cost centres. Adrian and his team also needed to be able to report actual vs budget historically and year to date, as well as being able to provide project reports to measure project profitability.
“Exchequer scored well in all our decision making criteria,” continues Adrian. “We use the software on a daily basis for sales/purchase ledger functions and on a monthly basis to produce accounts and reports. The information produced will lead to better project costing and increased profitability in the future.”
Adrian concludes, “Our training and implementation was good, the Help Desk have been on hand when required and their response good. We are pleased with the product so far and would recommend it to other smaller business users.”