Shadforth Financial Group, is a national federation of wholly-owned financial advisory firms with 15 offices offering specialist expertise in a range of client-focused financial solutions and services. SFG is one of the few significant advisory groups in Australia that is not owned or controlled by an external financial institution. This provides high-quality, personalised financial advice and premium services that assist clients to achieve their financial needs and objectives.
Shadforth Financial Group (SFG) purchased 10 groups of companies with 26 entities in 2008. Each group had different accounting and procurement solutions.
After the merger, SFG's objective was to move the entire group of companies to a common platform with standardised processes. SFG wanted to centralise the finance & operation functions and remove time-consuming manual processes that were open to errors.
"We were looking for a solution which ensures efficient financial management for a national organisation with multiple entities and locations. We required seamless interfaces and interaction between different functions such as procurement, accounts payable, receivables and cash flow, together with financial management. SunSystems meets such criteria." Linda Fox - CFO
SFG were looking for a broad based financial management system that could deliver the following:
"SunSystems was chosen because of its flexibility. SunSystems, an end to end solution, provided a very intuitive and generally easy-to-work-with system that gives better access to information for analysis." Johan de Walt Group Financial Controller
"SunSystems ensures efficient financial management for a national organisation with multiple entities & locations." Linda Fox, Chief Financial Officer
The Infor SunSystems solution implemented by Professional Advantage for SFG achieved the following benefits and goals:
"By implementing SunSystems with iPOS, we were able to move the entire group to a common platform with standardised processes on day one. The centralised finance function was able to publish one source of truth from the merger date."
"Due to the availability of multiple analysis codes, we are able to analyse the company in detail and very quickly."
"The subsequent acquisition of The Money Managers Group and Keysbrook group of 24 companies in early November was made easy because of the SunSystems account structure."
"The Advanced Inquiry module is one of the most user friendly and useful tools used on a day to day basis from my perspective. We rolled it out to each state management team so that they are able to receive the same information analysis benefits."
"With the correct structure being set up and bank reconciliation performed on a daily basis, we are able to provide an up to date cash flow statement daily. This is an important source of information for the organisation." Linda Fox - Chief Financial Officer