GCX (Global Currency Exchange) is based in Ireland and has operations in continental Europe, the UK and Asia-Pacific.

Its management team spends much of its time abroad, and remote board meetings and management updates were previously handled by sending spreadsheets (created by re-keying information from the accounting package) to participants by fax or email.

So key information was often out of date before the meeting was over. Decisions were being made based on inaccurate information.

GCX realised that it needed an accounting system that could be accessed from anywhere, giving the management team up-to-date results and the ability to review their forecasts and see the implications for the business in real-time.

Selection procedure

"We evaluated a number of alternatives and found accountsIQ offered the most compelling solution. While it provided all the functionality we needed and is available over the Web at any time, its reporting capability and especially its Digital Dashboard has proven to be the 'killer app' for GCX.

"There is a wealth of standard reports, but we were able to customise various key reports that we use on a daily basis."

Business benefits

The senior team can now log on at any time to review performance metrics. "It has really streamlined our business planning and measurement."

Other key benefits of switching to accountsIQ included:

• Value for money with no upfront capital cost. "The Software as a Service pricing means we are getting a full accounting and business analysis system for a fraction of what we would have expected to pay for an equivalent package solution."
• Reporting is a key strength – "we rarely export to Excel any more and rarely re-key anything"
• Integration – "the facility for us to integrate our billing engine directly to accountsIQ will further streamline our processes".

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