Leading UK Asset Manager selects
Touchstone Group to supply new Accounting, Financial Modelling,
Spend Control & Expense Management
Solution
14 September 2009: One of the UK’s
leading multi-specialist asset managers has signed contracts with
finance systems specialists Touchstone Group for the supply and
implementation of the Infor FMS SunSystems accounting, financial
modelling and reporting solution, together with integrated PROACTIS
eProcurement spend control and expense management
software.
The company had been using an Oracle financial
accounting system but found it required a significant degree of
maintenance, carried a high cost of ownership and its scale was no
longer appropriate for their business model. This prompted them to
find a more cost-effective replacement. A number of systems were
evaluated and having completed a thorough selection process, they
chose Touchstone to supply the Infor FMS SunSystems and PROACTIS
solution.
The company’s Executive Director, Finance,
comments, “We knew we needed a finance solution that would meet our
needs in a cost effective and efficient manner. Having analysed a
number of products, we chose SunSystems because we felt that the
powerful multi-dimensional analysis, multi-company and
multi-currency processing capabilities, highly flexible reporting
tools and competitive pricing made it the right solution for us.
Both finance and non-finance users will be able to access the
new system, providing huge benefits to our operational
environment.”
Les Jones, General Manager for Touchstone’s
SunSystems Solutions & eProcurement Division, comments, “Large
ERP systems have great functionality but can either lack
configurability or be very expensive to change as a business moves
forward. SunSystems and PROACTIS are best-of-breed solutions that
have been designed specifically to remain flexible and adapt to
changing business needs. Here, the combined solution will
significantly enhance management reporting, shorten the budgeting
process and offer year-on-year cost savings.”
“Touchstone’s ethos is to understand both our
clients business issues and the wider markets in which they
operate, so they can be confident we are the right partner for
them. We are very pleased to be working with such a significant
player in the financial services sector and look forward to a long
and collaborative working relationship.”
