Coram, the UK’s first children’s charity, is implementing an integrated finance and eProcurement solution from m-hance to improve the speed of management reporting and ensure greater financial control. m-hance’s system will provide efficiency savings up to £20,000 per year by eliminating manual, paper-based purchase-to-pay procedures. The planned go-live is December 2013.
Velou Singara, Chief Finance Officer of Coram Group said: “m-hance’s system will bring together key financial and budgetary information in a single framework to enable us to better control our costs and quickly extract complex data to create customised reports. By reducing manual administration tasks we will be able to complete our monthly bank reconciliation process in two days instead of four, ensuring more time is devoted to analysing statistical trends which will assist us to better plan for the future.”
Max Glazer, Finance Manager of Coram Group, said: “We needed to replace a proliferation of standalone systems which have become restrictive and unproductive as we have expanded. m-hance’s integrated solution will provide us with greater transparency and faster access to financial information in a clear and concise format to enable us to make more informed decisions as we embark on our next phase of growth.”
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