BusinessCompany NewsVersion One helps Amethyst Group close accounts four days early

Version One helps Amethyst Group close accounts four days early

Instant desktop access to financial documents reduces time taken to close distribution company's accounts by four days, says finance chief David Nolan

Amethyst Group, a leading provider of warehousing and distribution services,
has reduced the time taken to close its financial accounts by four days and has
significantly cut invoice approval times after implementing cutting-edge Version
One’s technology.

The company also centralised and streamlined its purchase-to-pay processes
with Version One’s document imaging and authorisation software.

David Nolan, financial director at Amethyst Group said: ‘We now have instant
desktop access to our financial documents which has reduced the time taken to
close our accounts by four days.

‘As a result of the improved efficiencies we’re now experiencing, we have
also saved the equivalent of half a person’s time in our accounts department and
as we no longer need to employ an expensive third party archiving facility to
scan our documents, we are saving thousands of pounds each year.’

Related Articles

BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

3m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

7m Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

7m Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

10m Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

10m Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

10m Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

10m Emma Smith, Managing Editor
Mazars strengthens audit team with partner appointment

Accounting Firms Mazars strengthens audit team with partner appointment

10m Emma Smith, Managing Editor