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Purchase Ledger Management - Rotrex
Overview:
Rotrex Group have a turnover of £9m+ and specialise in winching and facade maintenance solutions.
Problem:
Rotrex needed freedom from time consuming supplier administration.
Goal:
To provide an effective Accounts Receivable Function (purchase ledger solution and system).
Solution:
Sollertia reconciled the purchase ledger and loaded it into its Accounts Payable module, this provided the following benefits:
- Accounts Payable online functionality is vastly more efficient than paper systems
- Multi-site access allows purchase invoice search, submissions and approval
- Calls are answered in Rotrex’s name e.g. bank detail changes or payment requests
- Plus weekly ‘E’ payments in line with agreed credit terms and remittance
Outcome:
With its innovative online capabilities, Sollertia has ensured that:
- Internal purchase ledger department problems have disappeared
- The Rotrex purchase ledger is more efficient
- Rotrex supplier relationships have improved
Comments:
" Sollertia have transformed the processes and production of our accounts into an efficient and effective service, after years of traditional in-house problems.
Using their years of experience within our company and an exceptional ability to harness IT effectively, Sollertia has provided an excellent outsourced solution to our accounting needs."
Ian Bunting, Commercial Manager, Rotrex Winches