CedarOpenAccounts wins contract from Mill Group
Mill Group Limited, a private group of companies operating in the financial and property sector, has awarded a contract to CedarOpenAccounts for the provision of its core finance solution. OpenAccounts Financials was selected ahead of competition because of its advanced drill down and visibility of data, reporting and processing control capabilities.
The contract includes the provison of OpenAccounts' core accounting modules plus Project Accounting, Executive Desktop Reporting (EDR) and OpenReporting. Once implemented, Mill Group will benefit from improved management reporting, financial processing and information delivery to help streamline its processes.
The advanced OpenAccounts reporting capability provided will help turn financial reports into interactive information. This will enable Mill Group to provide better levels of management information to its partners along with speedier production of complex consolidations. The OpenAccounts solution will also automatically produce financial reports, providing real time management information for all enfranchised users within Mill Group as and when required.
Mark McDerment, Financial Controller for Mill Group continues:
'The OpenAccounts Financials solution provided far superior drill down, reporting and processing controls compared with other systems we evaluated. The management reporting capabilities will enable us to provide much more dynamic financial information across the Group.'
OpenAccounts Financials was selected ahead of competition such as PS Financials, Access Accounts and Exchequer Enterprise.
About Mill Group
Mill Group Limited is a private, social entrepreneurial group of companies, operating in the financial and property sectors. Its 'Investors in the Community' programme is focused on schools and community health projects delivered through the Government's Public Private Partnership (PPP) programme, which includes the Private Finance Initiative (PFI) and other framework arrangements such as NHS LIFT. Uniquely in the market, Mill Group is both an experienced PFI sponsor (bidder) and is also a PPP fund manager that has developed new forms of investment funds in this specialist market, with a particular emphasis on long-term investment commitments.
CedarOpenAccounts is the UK's leading business management software provider, formed from the merger of CedAr Software Ltd and OpenAccounts Ltd in May 2004. Its suite of Enterprise Applications for public and private services sectors combines a financial management backbone, integrated with other key software applications and technologies, to improve the value and effectiveness of the finance department across the business. The company has more than 400 staff and 1200 clients from across the globe including Newcastle City Council, WHSmith, Royal Bank of Scotland, Aer Lingus, National Express Group, The Leonard Cheshire Foundation and Chesterfield Primary Care Trust. For more information visit www.cedaropenaccounts.com