Wednesday 17th October, 2012

Fenchurch Environmental Group Ltd, a leading manufacturer of air filtration products and solutions to all industries, is implementing an integrated finance and payroll system from m-hance.

This system, which will also comprise collections management functionality and interface into Fenchurch’s existing Oracle-based ERP application, will significantly improve cash collection and reduce manual administration by several days each month. The planned go-live is set for January 2013.

David Townsend, Financial Controller at Fenchurch Environmental Group, explains, “Our outdated system was holding us back as the Group continued to grow. We therefore sought an intuitive system that could allow us to set automatic follow-up actions and diary-based reminders to enable us to speed-up our processes and reduce bad debt expense.”

m-hance’s integrated system will enable Fenchurch to automate a range of manual-based collection processes to boost its cash flow. The system’s ability to easily track debtor activities, add notes and calendar-based reminders and provide customisable information views will ensure that overdue customers can be targeted more effectively.

David comments, “m-hance’s system will enable us to markedly improve our collection processes and manage bad debts more effectively. We anticipate that this will assist us to significantly reduce our percentage values of overdue invoices, considerably increasing cash flow and giving us greater financial control.”

David adds, “The advanced functionality of m-hance’s system will also free-up several days each month that the finance department was previously spending manually consolidating and inputting data into multiple spreadsheets for management reporting purposes. This will improve finance’s ability to contribute more to the business’s future success by allowing them to focus solely on core strategic activities.”