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Premier Direct Group Turns to Exchequer for Accuracy and Reliability in Financial Reporting

13th Mar 2007
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Premier Direct Group (PDG) is the UK’s largest shopping at work group. It sells a wide range of books, gifts and toys directly to customers in their workplace, at prices well below those of the high street. The organisation has recently purchased Exchequer from IRIS Enterprise Software to handle all the financial aspects of its business model.

Exchequer will work in conjunction with a Warehouse Management System (WMS) from MACS Software of Lutterworth, providing a two-tier solution that meets all the requirements of PDG. Previously, PDG were using a bespoke WMS and Opera Enterprise, supported by an assortment of Microsoft Access and Microsoft Excel applications.

Deryck Barton, Head of IT at PDG comments “Our previous workflow was literally dying of old age! Our demands were increasing, as was our need to retain a competitive edge, and we outgrew the system. Our users not only began to lose faith in the accuracy of management information and became increasingly frustrated by the inability of the system to provide this, so we knew it was time to change.”

Due to the complex nature of PDGs business model and WMS requirements, the team had in fact sidelined Exchequer as an option. However, IRIS approached Deryck again with a solution to partner with MACS Software. “It seemed logical to combine the best of breed of WMS and the best of breed for financials,” continues Deryck. “Exchequer offers us accurate, reliable and trustworthy figures that can be managed in an open and flexible way. The solution is cost effective and we knew the combination of IRIS and MACS Software would move us forward very quickly and achieve our implementation goals.”

In addition to Exchequer’s Global Financials, PDG has purchased a number of modules including Report Writer. This will provide the team with an easy-to-use, fast and flexible tool for creating analysis reports. Reports designed can be added to user menus for future use and reports produced allow users to drill-down to the underlying data. PDG will also utilise the Paperless module, which allows them to send out documents and reports in a secure read-only format by fax or email at the touch of a button.

When PDG goes live in the second quarter of 2007, it will have 15 users on Exchequer. Deryck concludes, “Exchequer will give us better credit control and improved productivity in terms of reduction in ad hoc spreadsheets. This will enable us to redeploy staff in other areas and have no downtime for month ending. IRIS has been very professional and efficient. The team were upfront about their strengths and weaknesses and were not prepared to sell us a product that didn’t fit – a level of integrity missing from many vendors.”

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