Technology

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

iiPay

Download Full Case Study

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.

"

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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