Silversoft assists BS3 in delivering a dynamic Maconomy solution for BDO Spencer Steward

2009-06-19

Local Maconomy distributor PSA Solutions has announced that it is implementing its Audit and Tax Consulting solution at BDO Spencer Steward Cape Town through its Cape Town reseller BS3. Maconomy will enable BDO Spencer Steward to standardise its business processes, provide a better service to its clients and improve profitability.

Due to rapid growth over the past years, BDO Spencer Steward had outgrown its existing information systems and decided to invest in a newer technology such as Maconomy.

According to BDO Spencer Steward director Michael Riley, BDO Spencer Steward was in search of a holistic IT solution that could handle its specific Audit and Tax business requirements, while providing an integrated platform that would allow it to better achieve its business objectives. "One of our most important business requirements is to construct a single, consolidated view of each client and the related BDO Spencer Steward activities that occur when managing a particular client´s account. Maconomy provides the entire business with a clear view on the value of the customer to BDO Spencer Steward."

He says Maconomy´s Audit and Tax consulting solution was specifically designed for the Audit and Tax vertical, providing a solution that caters for the exact business needs over an integrated platform. "Maconomy integrates key elements of the audit profession such as Job Management, Work in Progress and Client Relationship Management (CRM) with back office processing such as General Ledger and Accounts Payable/Receivable and reporting. This information is made available to each person, according to their specific role within the organisation -- all in real time. This workflow-driven technology, over an ERP-type platform, makes Maconomy extremely attractive."

"Although there are international products available in the market place that would offer us similar functionality to Maconomy, the local based products simply cannot compete. Similarly, we could not find the desired level of support from an internationally based software vendor. Maconomy has shown a strong local support presence through its partner network like BS3 in Cape Town," he adds.

Since Maconomy Audit and Tax Consulting solution is specifically built for the audit vertical market, it is pre-configured according to industry ´best practice´ and many years of R&D in this field. This allows BDO Spencer Steward to further enhance its operations and add value to its business processes by utilising the tools and features already available in Maconomy. Unlike many generic ERP solutions that require a high level of customisation, Maconomy´s vertical solution requires very little customisation -- thereby minimising the cost and risk involved in implementing the package.

"During our requirements specifications process we also found that the following was most appealing about Maconomy. It is built on modern technologies, including a SQL server database infrastructure and portal environment, allowing remote users to access the application via the Internet. Furthermore, Maconomy uses ´Push´ technology where it pushes the necessary information, alerts and ´to-dos´ to the required people at real-time within a specific workflow," he explains.

Riley says through its powerful CRM capabilities, Maconomy would allow us to better manage our current clients and the activities associated with these clients. "It will also allow us to monitor future opportunities, the services to be delivered accordingly and the human resources allocated to each job/client. Maconomy has powerful timesheet management tools that integrate with the general ledger and revenue recognition elements of the organisation -- this puts it ahead of its competition."

Maconomy allows BDO Spencer Steward to fulfil its strategy for better internal efficiency through standardisation, improved procedures and streamlined business processes. Its ´best-practice´, pre-configured set of modules suit this strategy in that it enables it to quickly and effectively implement and measure positive steps to improving its internal operations.

"Of course, the ultimate spin off to this is that BDO Spencer Steward will be able to add more value to its client offering, thereby keeping our clients happy and in turn retaining our position as market leaders," concludes Riley.