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Justin Lake
- Mar 31, 2020
- 2 min
Large Workers Compensation Team drowning in spreadsheets
Challenge A large private equity maintenance provider had a large workforce of 6,000+ employees, many of whom were working on clients industrial and commercial sites. The problem was that each region had its own Health and Safety teams that would conduct the field work. From a financial and workers compensation point of view all this data was maintained in Excel workbooks, by each regional team on a monthly basis. The teams would create a new tab to capture the data for each
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Justin Lake
- Mar 24, 2020
- 3 min
The need for a forward-looking Finance System.
For many of us small and medium size growing organisation, our finance system is probably least thought out after it has been initially setup. Many of us have cloud-based systems such as Xero, Quickbooks or MYOB to run our accounts department and it has largely given us what we need to capture transactions, receive and pay money. However, in this uncertain and unpredictable world, it is more important than ever to be on top of our numbers and to be forward looking. As the wor
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Justin Lake
- Feb 17, 2020
- 3 min
What are the signs you need a new Finance System?
#financetransformation #ERP #Thinknumbers As a practitioner of helping organizations to update and configure better finance systems, it’s always puzzling how finance functions can become so inefficient and transaction-focused. Surely there are things that could have been done along the way to avoid their systems becoming derailed. All businesses have some type of system in place and have hired talented people to help them run their finance function. As Finance professionals w
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Justin Lake
- Jan 10, 2020
- 2 min
HR Dashboard and Analytics for large people business
Challenge Think Numbers was engaged by a large facilities maintenance provider after it had formed a new group with a number of acquired large private businesses. There were different systems and definitions of how their people metrics were captured and reported across the group. This meant that there was no central source of truth for reporting the key performance indicators on its large workforce of 6,000+ employees. There were inconsistent definitions, multiple systems and
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Justin Lake
- Jan 10, 2020
- 2 min
Allocating Corporate costs for a large Telco
Challenge The method of allocating corporate costs had become a costly and overly complex process over several years for a large Telco provider. The management effort required a team of finance people to manage and significant IT licencing/support costs on an annual basis. In addition, the system of calculating and allocating costs took several days to compile and calculate the data. For a simple determination of the profitability of various products in their business, the pr
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Justin Lake
- Jan 10, 2020
- 2 min
Transitioning to a cloud-based ERP
Challenge Think Numbers was engaged to support a large investment bank to transition their #ERP finance system from on-premise to cloud based #MicrosoftDynamics365. The previous system was highly uncustomised and not fit for purpose going forward. The software was out of support and only one partner existed in the country to even support this going forward. Due to the inability to customise the software, processes were highly manual with work arounds to achieve certain their
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Justin Lake
- Jan 10, 2020
- 2 min
Growing Insurance Brokerage business
Challenge Think Numbers was engaged by a high growth Insurance Brokerage business to help mature their financial systems to manage 100,000 customers transactions. The client had previously built an in-house system and due to double digit growth, was resulting in a high error rate of transactions, which was no longer fit for purpose. This meant the finance team spent most of their time fixing errors and processes were highly manual. A new Finance App was in the process
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