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:
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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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