Helping iiPay Slash Reporting Times, Invoicing, and Month End Close

iiPay

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Outcomes

  • Shaved 2 working days from revenue reporting deadlines
  • Sped overall month end close by 4 days
  • Reduced time to run and manipulate routine reports from 15 minutes to seconds
  • Automated revenue billing for all recurring payroll services
  • Timely, scalable macro reporting to drive management decision making
  • A scalable and agile platform to support international growth
"
I am grateful to the Clarivos team for their guidance, expertise and their friendly, collaborative and pragmatic approach. We continue to collaborate today as the iiPay group expands.
"
Harry Weaver - Financial Controller

The Challenge

  • Transformation of Finance function to support rapid rise in demand for iiPay’s payroll service platform and strategic international growth
  • Vision of a single, centralised and standardised cloud-based finance platform to facilitate agility and scalability
  • Automate and standardise finance processes
  • Reduce the high levels of manual data entry and time-consuming data manipulation
  • Retain Excel as the interface for employees from across the UK and internationally
  • Lack of multicurrency and multi-country capability
  • Limited profit/cost centre reporting and limited client and payroll analysis
Partner of the Year

TECHNOLOGY IN ACTION

SAP Business ByDesign

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Empowering business transformation.
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Project Deliverables

  • Cash & Liquidity
  • Procure to Pay (non-stock) / Procure to Pay (services)
  • Financial Close
  • Fixed Asset Management
  • Expense Reimbursement
  • Customer Contract Management/Marketing to opportunity
  • Order to Cash
  • Workforce Administration/Time and Labour Management
  • Project Management
"
The entire finance team were involved in this programme with individuals championing delivery of specific areas. This was a highly collaborative and productive process focusing on greater efficiency and accuracy.
"
Harry Weaver - Financial Controller
Project Deliverables

OUTCOMES

  • Shaved 2 working days from revenue reporting deadlines
  • Sped overall month end close by 4 days
  • Reduced time to run and manipulate routine reports from 15 minutes to seconds
  • Automated revenue billing for all recurring payroll services
  • Timely, scalable macro reporting to drive management decision making
  • A scalable and agile platform to support international growth
"
I am particularly proud of the automated invoicing solution that iiPay and Clarivos built together. Our recurring payroll service invoices are now generated automatically. This automation has allowed timely, error free scalability in our operations. As our volumes increase, the system works harder rather than the team.
"
iiPay

A Partner For Long Term Transformation

"
I am grateful to the Clarivos team for their guidance, expertise and their friendly, collaborative and pragmatic approach. We continue to collaborate today as the iiPay group expands.
"
Harry Weaver - Financial Controller

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