See how a growing, Minnesota-based CPA firm integrated all of its client-centric information with Deltek Maconomy.
Grant Thornton Sweden developed and decentralized their business control with Deltek’s enterprise solution Maconomy.
Due to rapid growth in recent years combined with an internal change and development process, Grant Thornton Sweden decided to look at how their existing business solution could support their processes and provide a better basis for decision-making at all levels in the company.
Together with existing ERP vendor, Deltek, Grant Thornton Sweden decided to customize their business system to an advanced finance management model and at the same time decentralize the use of the system. This way, Partners and Managers across the organization could get a better overview of and insight into business critical information.
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South African financial services firm Riscura selected Deltek Vision to optimise business processes, improve management reporting and financial budgeting, enhance client relationship management and enable better measurement of KPIs and profitability. [Johannesburg, 20 February 2014]
Deltek, the leading global provider of enterprise software and information solutions for professional services firms, today announced that RisCura, a financial services firm in South Africa, has selected Deltek Vision as its fully-integrated ERP solution. RisCura will use Deltek Vision to integrate its unique CRM activities into projects and accounting processes and increase profitability.
Headquartered in Cape Town, South Africa, with more than 100 employees in offices in several African countries and in the UK, RisCura offers independent advice, analysis and reporting for asset owners, investment managers, hedge funds, private equity firms and brokers. As a highly client-centric firm, RisCura was looking for an integrated ERP and CRM solution to improve performance through more efficient processes, to deliver insight and enhanced reporting into key metrics, and to ensure tight financial integration.
After an in-depth evaluation process, it soon became clear Deltek and its local partner Silversoft could meet or exceed RisCura’s requirements, including RisCura’s unique CRM needs. Deltek will enable RisCura to move away from working in disparate systems and will support the entire project flow from CRM and project control, to financial management in a single integrated ERP solution. RisCura will also use Deltek Vision’s highly configurable platform to create and manage its own user-designed forms and fields which will support industry-specific information collection and management requirements.
“After a thorough selection process that included other major business ERP software brands, it was not hard for us to choose Deltek as they stood out as true experts in the professional services field with people who displayed an impressive knowledge of what it takes to run a project- and people-based business. In addition, Deltek Vision completely caters to our unique business processes, delivering timely management information directly from the system, and ensuring we can fully integrate our CRM with project planning and accounting. This will give us better visibility and ultimately grow our profitability,” said Malcolm Fair, COO, RisCura.
“Deltek Vision is purpose-built for professional services firms like RisCura, delivering the capabilities it requires to manage the complete project and client lifecycle. We see a trend in the industry where financial services firms are moving towards project-focused business processes as fee-based work is increasing relative to commission-based work. This trend makes Deltek Vision a very compelling solution for financial services firms like RisCura because it supports the company’s complex CRM and financial management processes and delivers easy access to critical information,” said Claus Thorsgaard, Deltek’s Executive VP and General Manager – Professional Services.
Leading South African CPA firm Selects Deltek Maconomy to Accelerate its Growth.
HERNDON, Va. – November 27, 2012 – Deltek, Inc., the leading global provider of enterprise software and information solutions for professional services firms and government contractors, today announced that the rapidly growing South African CPA firm SizweNtsalubaGobodo has chosen Deltek’s purpose-built ERP solution Deltek Maconomy to accelerate its growth. SizweNtsalubaGobodo will use Deltek Maconomy to improve how the company manages its resources, projects, and organization as a whole – delivering the unified management platform it needs to accelerate its growth.
SizweNtsalubaGobodo is currently the 5th largest CPA firm in South Africa and is one of the fastest growing Audit firms in South Africa, with over 1,000 staff in multiple offices around the country. SizweNtsalubaGobodo provides services to both public and private sector clients including those listed on the Johannesburg Stock Exchange.
SizweNtsalubaGobodo needed a system that was built for its strategy of managing the company and all of its projects as one unified organization. Deltek Maconomy will enable the company to integrate and manage the key functional elements of its organization, specifically financial management, project management, resource management and time collection, while providing more insight into business performance through real-time reporting. By automating its organization, the CPA firm will simplify revenue recognition, WIP reporting, and time-based costing and ultimately create improved visibility into project profitability that will guide what types of engagements the company will pursue in the future.
“As we progressed through the software evaluation process, it quickly became obvious that Deltek was the right solution provider for us because we needed an ERP system that is tailored to the Tax and Audit industry and can accelerate our fast growth strategy. With Deltek Maconomy, we now have one, single system that provides real-time visibility into the performance of our projects and engagements across the entire organization. The intelligence Deltek Maconomy delivers will enable us to run our business better and make more informed decisions about how we want to grow our organization. It is also a game-changer that Deltek Maconomy will be used widely across our company, driving efficiencies across multiple departments,” said Donovan Simpson, CFO, SizweNtsalubaGobodo.
“Deltek Maconomy was built to automate the critical financial management processes of CPA firms to deliver information on the profitability of all resources, projects, and the company as a whole. To make smarter decisions about how to run its business, SizweNtsalubaGobodo turned to Deltek Maconomy for one complete view into the performance of its business. We are proud to be able to add one of the fastest growing CPA firms in South Africa to our growing list of clients in this vertical market and look forward to partnering with them as they continue to grow their business,” said Claus Thorsgaard, EVP and General Manager, Professional Services for Deltek.
SizweNtsaluba VSP and Gobodo Incorporated merged in 2011 to form the largest black-owned and managed accounting firm and the fifth largest accounting firm in South Africa, providing assurance and advisory services. The merger combined more than 40 years of experience across various industries. Clients include major players within both the public and private sectors. www.sng.za.com
Deltek is the leading global provider of enterprise software and information solutions for professional services firms and government contractors. For decades, we have delivered actionable insight that empowers our customers to unlock their business potential. 15,000 organizations and 2 million users in over 80 countries around the world rely on Deltek to research and identify opportunities, win new business, optimize resources, streamline operations, and deliver more profitable projects. Deltek – Know more. Do more.® www.deltek.com
Maconomy has signed a deal with the audit firm BDO Ltd. Hong Kong, member of BDO International, a worldwide network of public accounting firms.
September 30, 2009 12:32 PM Eastern Daylight Time
BOSTON–(BUSINESS WIRE)–The Danish ERP provider Maconomy already has a strong foothold in the US and Northern Europe thanks to its specially designed ERP solutions for project-focused companies. As Maconomy’s clients expand their base internationally, however, Maconomy continues to broaden its geographical base as the preferred ERP vendor for these clients.
Maconomy recently inked a similar deal with the BDO member firm in South Africa. After a careful selection process, BDO Ltd. Hong Kong decided to follow suit by signing a contract with Maconomy’s business partner MSA in September. The ERP solution includes the Maconomy Audit & Tax Solution for 550 users with advanced Business Intelligence capabilities.
BDO in South Africa selected Maconomy’s specially designed Audit & Tax solution to ensure cleaner workflows throughout the company. BDO Ltd. Hong Kong realized they could achieve similar benefits with an out-of-the-box solution.
“Maconomy has a keen understanding of the audit profession and this expertise is fully integrated in the ERP solution we have selected. This allows us to handle job management, CRM, advanced business intelligence and all back-office processes using the same system. Maconomy offered us an all-inclusive solution to support our long-term strategy. For us it makes perfect sense to invest in an ERP system specifically designed for our type of business,” says Mary Joyce Leung, Director of BDO Ltd. Hong Kong.
BDO Ltd. Hong Kong has also purchased Maconomy Analytix, an easy-to-use business intelligence tool that gives BDO an instant overview of their key figures. Analytix is fully integrated with the ERP solution, enabling users to go in-depth with any audit job to analyze its performance based on live data.
“We are very pleased with landing our second BDO deal in the span of a few months. BDO has already seen the value we bring to their business, so it’s only natural that we keep building closer ties with them. And with that comes even greater value because we can align our solutions with the way they run their business. We specifically develop our ERP solutions to help them address their challenges and run a more efficient business. The two BDO deals confirm that we have a strong business case in the accounting sector and it definitely benefits the Accounting and Audit and Tax clients in the US as well, as it clearly shows that Maconomy is a global company with a focus on this industry,” says Steen Andersen, President Maconomy US.
Please note that this release does not affect Maconomy’s financial expectations for 2009.