IRIS Exchequer Case Studies:
Nutrel Group
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- Install Date:
- August 2004
- Client Focus Issued:
- May 2005
- Quote:
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"The most obvious benefit that Exchequer gives us is the ability to monitor product margins far more easily than we could with our previous system. It was a huge task to analyse margins by product accurately so it tended to only be done once a year, which didn’t give us the opportunity to keep an accurate check on profit and loss. Now we can do it easily on a much more regular basis, which means we can adjust our margins accordingly and save vital profits should there be fluctuations in the price of our materials."
A lack of flexibility and difficulty in extracting useful management information from its existing financial software, led Nutrel Group to adopt Exchequer from IRIS Enterprise Software
Nutrel Group is totally dedicated to the development and supply of plant nutrients to professionals in horticulture. The company owns and operates its own quality controlled manufacturing and blending facilities which means it can offer a unique service direct to the door for organisations such as B&Q, ASDA and some premier football clubs.
When choosing to move away from its existing accounting package, Nutrel Group was looking for a new system that offered ease of use, flexibility, a good stock control program, ability to extract information simply, integration with Microsoft products and a futureproof solution.
Daniel Wilkinson, Managing Director of Nutrel Group comments, “We looked at Opera 32, Sage and Access as well as Exchequer via our local reseller. We chose Exchequer as we were impressed with the ability to access and manage information. Other systems were not specifically written on a Windows base, so are far less easy to integrate with other Microsoft programs. I also felt that we could expand the solution with our business due to its modular nature, so we invested in a 12 user licence.”
As the Managing Director, it is important for Wilkinson to draw management information from a finance system. “The Report Writer functionality contributed to our decision to adopt Exchequer, as it is so important for me to be able to quickly and easily access information on profit margins, sales figures etc. We were spending a lot of time generating this detail from our existing system, but with Exchequer I can look at anytime and get an immediate overview of exactly where we are with profit and loss. The Stock Control module was also an important factor in our purchasing decision as again, it makes it very easy to get critical stock information at the touch of a button.”
Wilkinson continues, “The most obvious benefit that Exchequer gives us is the ability to monitor product margins far more easily than we could with our previous system. It was a huge task to analyse margins by product accurately so it tended to only be done once a year, which didn’t give us the opportunity to keep an accurate check on profit and loss. Now we can do it easily on a much more regular basis, which means we can adjust our margins accordingly and save vital profits should there be fluctuations in the price of our materials.”
As part of ongoing business growth and to improve communication with its nationwide team of plant nutrition specialists, Nutrel Group will soon be adopting Sentimail® from IRIS Enterprise Software. This module enables users to rely on proactive business alerts via email and SMS to keep relevant staff updated about all areas of financial operation. “Sentimail® will give us the ability to keep our sales staff much better informed. For example, a Sales Manager can receive immediate information on whether one of his or her accounts is on hold or payment is overdue, so they can act accordingly. Easy access to information is what gives you the edge and Exchequer facilitates that for us from an accounting perspective.” concludes Wilkinson.
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