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:
  • Business merger
  • Setting up a new division
  • Business process review
  • A report that produced £600k p.a. of ongoing supplier rebates, doubling annual profits
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.



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