CASE STUDIES 3
FINANCIAL SYSTEMS AND PROCESSES
|Client:||CEO and FD of upstream oil & gas company|
|Issue:||The business had complex reporting requirements, including a mix of accruals and cash-based reporting. Multiple sites were involved, some with poor telecoms links. A robust systems solution was required.|
|Solution:||Compiled a "User Requirements Specification" to capture current and future needs. Identified a cloud-based system that would work better and far cheaper than traditional systems in this sector. Worked with the supplier to design solutions to specific requirements.|
|Benefits:||Systems solution far better suited to the client's requirements than they had expected.
|Client:||FD of £10m corporate subsidiary|
|Issue:||Order processing system had been commissioned, but needed to be implemented|
|Solution:||Project-managed the implementation of the system to go live on the required date, despite considerable unexpected issues.|
|Benefits:||System was able to support growth to over £100m over the 5-year period Camwells was involved, including:
|Client:||Group FD of £30m quoted IT company|
|Issue:||Spreadsheet-based order processing system was close to collapse, and staff were threatening to resign.|
|Solution:||Compiled a "User Requirements Specification" to capture current and expected needs. Assessed packaged software and the feasibility of custom-written options.|
|Benefits:||Company commissioned a system that ran so well that, when the business was acquired, the system was used for the combined business. The FD and his staff retained their jobs.
|Client:||Group FD of £250m quoted company|
|Issue:||The business was changing from products to add more services and projects. The budgeting and monthly reporting systems had become unwieldy, unreliable and was not providing the drill-down analysis required.|
|Solution:||Compiled a "User Requirements Specification" to capture current and future needs. Advised on alternative approaches to accounting and reporting on services and projects, and potential systems.|
|Benefits:||New forecasting and reporting tool selected to provide what the business now required.