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Award-winning insurance company will use accounting and business management software to drive business expansion RK Harrison, a leading provider of specialist insurance services, has invested in the region of £60,000 in new accounting and business management software from PS Financials, in order to support its business expansion. With around 250 employees across six offices, RK Harrison has a very aggressive growth strategy and, since a Management Buy-Out from Hiscox in 1999, the company has seen an enormous increase in both sales and profits. Having focused strongly on sales and with insurance rates softening, the company is now concentrating on managing costs as a way of retaining its profit growth, which dictated the need for a new accounting system. RK Harrison were already familiar with the benefits that can be obtained from a 'unified ledger' system, such as reduction in routine work, total integration and unrivalled flexibility, as they were users of Systems Union's SUN v 4 software. PS Financials was chosen as it met all of RK Harrison's key requirements for new accounting software, delivering a unified ledger system that streamlines admin processes, speeds up data entry and eliminates re-keying of information across the finance department. James Pitter, Management Accountant at RK Harrison, says, "PS Financials is a very flexible, cost-effective and easy-to-use accounting system which is a vast improvement on how we operated before. The unified ledger design of the software means that data only has to be entered once for all ledgers to be updated, considerably speeding up standard working processes." He continues, "The increased level of automation in the PS Financials system now enables management accounts to be produced much more quickly and accurately, which means that we now have more time to analyse business information within the organisation rather than getting bogged down in number-crunching and bean-counting." The User Defined Input (UDI) screens within PS Financials are a major benefit for RK Harrison, enabling the organisation to tailor and customise the interface of the system according to the profile and responsibilities of individual users. This means that even non-finance staff can have controlled access to certain areas of the PS Financials system in order to input or analyse data. In addition, the UDI screens enable standard templates to be designed for major customers so that invoices and credit notes can be generated very quickly, speeding up data entry and improving accuracy. Pitter concludes, "The PS Financials system will play a key role in enabling us to gain a much tighter control of costs across the business, whilst the improved level of management information that the system generates will allow more informed decision-making that will support our business growth strategy." As a leading provider of specialist insurance, R K Harrison has an outstanding reputation for providing insurance expertise for estates and farms, historic buildings, high value homes and contents (including Fine Art) and general commercial insurance for industry and commerce. |
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