New £1 million international financial systems project.
International property services firm FPDSavills has purchased PS Financials accounting and business management software for its Hong Kong offices as part of an international project valued in the region of £1 million.
Recent dynamic growth has led FPDSavills to re-examine its current technology solutions, choosing PS Financials to integrate with its bespoke property management system in order to meet the diverse and specialised requirements of the property market.
FPDSavills initially looked for an integrated solution that would perform the requirement of both a property management and a core financial accounting system. However, following an intensive survey of the property management and accounting systems markets, FPDSavills decided to implement a 'best-of-breed' approach, choosing PS Financials for the core accounting solution based upon its flexibility, depth of functionality and ability to integrate seamlessly with other software solutions.
Richard Coleman, Group IT Director, explains, "The generic systems that we looked at failed to offer the functionality we needed. The flexibility of PS Financials will enable us to carry out the multi-levels of analysis needed - a key requirement in the property management market."
The 50 users in the Hong Kong office will benefit from PS Financials multi-dimensional analysis capability, such as its advanced 'drill-down' functionality and business management information at various levels within the organisation. FPDSavills are also benefiting from PS Distribution, which will enable them to control their purchasing processes for both their commercial and residential managed properties.
The reporting capacity of PS Financials was an extremely important facet for FPDSavills. Due to subtle variations in reporting processes within the property market, PS Financials had to be able to offer the capability to be as malleable as possible within any given situation.
Neil Weatherall, Project Team Leader in Hong Kong explains, "Our strengths lie in the rental/leasing market for both commercial and residential properties. As such, we need to offer property owners a full suite of property management financial information. In choosing PS Financials, we will be able to offer this facility to property owners, including, for example, profit & loss analysis on certain portfolios."
The continuing success of FPDSavills meant that they were looking for an accounting alternative that would not only serve their current needs, but would also be able to cope with future demands should the business continue to expand and develop as anticipated.
Commenting on the decision to work with PS Financials, Richard Coleman concludes,, "Right from the start, PS Financials showed a clear understanding of our requirements, offering a solution that would meet these needs not only now, but also in the long term. We are looking for long-term business relationships to help us grow our business. We are confident that in PS Financials, we have a business partner for the future."
The new PS Financials system went live in late 2003. | 
