Here’s how we helped Fitzroy’s gain visibility to their board

Fitzroy’s delivers on demand visibility to their board to make business decisions with Forpoint Solutions and Sage Intacct.

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Company:

Fitzroys is an innovative, multifaceted property agency with a history of service and performance. Through our capacity to provide astute advice and consistently achieve high-quality outcomes, we have secured a respected position within the Australian property industry.

Industry:

Property Development

Company Size:

100+ Employees

Region:

Australia

Existing ERP:

Spreadsheets / Infor Sunsystems

Software Implemented:

SAGE INTACCT

ELMO EXPENSES

The Challenge:

Fitzroy’s then financial controller Peter Gough was looking for a replacement of their old and cumbersome legacy system and replace it with an FMS that could not only replicate the existing functionality but also improve their business processes and reporting capabilities.

At the time, their accounting information was based on an on-premise solution and had no real-time reporting, which made it difficult to report to the board how the business was traveling, either through daily weekly, or monthly cycles.

There were also some team members who were afraid to change from old legacy system, fearing for their roles.

Ultimately there were many hours being utilized within the team to run, manage, and update the on-premise solution, as well as the need to run multiple Excel files and spreadsheets.

The project goals were aimed at:

Having a Real-time information cloud system with the ability to drill down and make immediate changes
A Fully accessible portal for the board of directors
A finance team fully invested in the product
A system that meets all our requirements
Developing high-end board reporting and in general high-end reporting

The Solution:

Fitzroy’s implementation with Forpoint was a mixture of in office and remote. The experience for Fitzroy’s was seamless, even with the complexities and remote nature of the process. They were able to log issues when they required and the Forpoint team acted quickly to action and resolve.

The solution was built in test environments to ensure the project did not interfere with the day to day of the existing system. Once the project was complete, tested, the team trained and ready to launch, the go live was as simple as flicking the switch with limited impact on the business.

“A key win for me has been able to sit in a board meeting, bring up Sage Intacct,

present a profit and loss report, drill down within that report, and answer questions on sales results.”

Peter Gough – Financial Controller, Fitzroys

The Results

Fitzroys reported multiple quick wins in the first 3 months of the new sage intacct platform being launched.

Real time reporting allowed Peter to inform board members on the spot, actual PNL’s and sales reporting
Talking directly to the reporting on leasing fees, and granular details about property management fees

This information was previously available in multiple spreadsheets and reporting meant they were pulled up in the board meetings on the screen to talk through certain items.

“I can run a report with a click of a button I can feel confident as a CFO, I have everything at my fingertips and can deliver on a platform that I wanted at board level.”

Peter Gough – Financial Controller

2 years on and new Financial Controller Scott Sutherland also finds that Sage Intacct has been a pivotal software for the company and coming from a SAP background, found that Sage Intacct was easier to use due to the dashboard feature. The team at Fitzroys are continuously evolving their process with Forpoint solutions as their long term partnership and business evolves.