CedarOpenAccounts (COA) has won a £130,000 contract with recruitment sector payroll and accounting outsourcing company Hydra, to provide an advanced financial management, payroll and business process management system to service its extensive client base which equates to an income of £125 million each year.
Hydra needed to replace its legacy Sageline system and required a solution that could support its aggressive growth plan of 25-fold over the next five years. Having tendered to various software providers including COA, Oracle, Agresso and Navision, Hydra chose COA’s integrated OpenAccounts Financials and OpenPeople Payroll solution. It also purchased COA’s workflow module, eBis Exchange workflow for extended business processes to enable the company to attract more business and satisfy existing customers who have web-based functionality requirements. The new workflow solution will enable clients to inform Hydra of new employees and add their details to the payroll system automatically.
“As we manage the pay of over 5,000 people per week, we needed to ensure that we adopted the most efficient and user friendly solution in the market. Unlike Oracle’s system, we were impressed by COA’s uncomplicated approach to financial and payroll management, that didn’t require an army of IT contractors and could offer the company increased efficiencies and productivity. The web-based functionalities of the accounting and payroll system will be an added benefit to our existing customers and help us to attract new business.” commented Laurent Drouin, CEO of Hydra.
“COA was able to provide a scalable solution that will enable us to grow the company and support our expansion plans over the next five to seven years. It will also ensure that our new operation in Mauritius can be easily linked into the main system via the web. We have been very impressed with the COA team which has demonstrated strong knowledge of our requirements and been very responsive to our immediate roll-out programme,” continued Drouin.
The OpenAccounts Financials and OpenPeople solution has now gone-live, with plans in place for the roll-out of the eBis Exchange workflow module over the next few months
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