Advanced partners with Mouchel to offer transactional finance services

Monday 11th May, 2015

Advanced Business Solutions (Advanced), has signed a partnership with Mouchel Business Services, one of the UK’s leading business process services companies working with the public sector.

The partnership will enable local authorities to use Advanced’s financial management system, e5, combined with Mouchel’s support services. In turn these organisations could reduce administration costs by up to 35% per annum and will be able to drive wider compliance.

Councils will be able to transfer the risk of the management of their transactional finance processes within their accounts payable and accounts receivable functions. The end-to-end suite of services include the administration and payment of supplier invoices, general ledger management and monthly financial reporting through to credit control processes.

In addition, Advanced and Mouchel will work closely with local authorities to identify and deliver procurement efficiencies across their entire annual budgets to help drive best value from suppliers through cost reductions and early payment discounts.

Dean Dickinson, Managing Director of Advanced Business Solutions (PS&E Division), said, "By launching this partnership with Mouchel, organisations can now benefit from a single, best practice procurement offering and significantly reduced administrative costs."