FinanSys Apps can enhance NetSuite with features that extend its capabilities and maximise efficiency. FinanSys
ScreenSkills wanted to upgrade so they could make the most of the latest technology, security and automation potential. You can read about that SunSystems upgrade case study here.
But it didn’t stop at the successful upgrade and the subsequent benefits – the working relationship between ScreenSkills and FinanSys grew over the years. Recently, the organisation implemented FinanSys Apps to modernise and automate their procurement and approval processes amongst other use cases.
Following a short call to discuss automation options, it became clear that the tried and tested methodology from FinanSys represented a lower total cost of ownership compared to other suppliers. The numerous positive customer references and FinanSys Apps unique automation platform made the decision easy for ScreenSkills.
The icing on the cake was the competitive quote which saved ScreenSkills over 25% compared to their first quote from another provider.
How FinanSys Apps Made the Difference
Using FinanSys Apps, ScreenSkills created quite a number of apps to power their operations, including a Purchase Order (PO) app and Purchase Invoice (PI) app, just to name a few. It’s worth noting that FinanSys Apps offers one system to manage an ever-growing number of use cases and there are no limits on the apps you can create.
With this, they were able to streamline the purchase order process, making it much faster and easier to raise purchase orders, match invoices, and process invoices.
These apps also packed built-in workflows that help to ensure tasks are completed in a timely manner. This was especially helpful for tasks that required multiple people to complete.
For example, the email triggers send automatic notifications to the relevant parties when a task is assigned or updated. This helps to keep everyone on the same page and ensures that tasks are not delayed.
FinanSys Apps also provided much better reporting capabilities for ScreenSkills than their previous manual system. This allowed the company to track progress on projects, identify areas where there were bottlenecks, and make informed decisions about how to allocate resources.
Devendra stated :
Transitioning from a paper-based system to an automated one through FinanSys Apps also brought about significant benefits in terms of audit trails. The adoption of FinanSys Apps introduced a new level of reliability and accuracy in ScreenSkills’ workflows, with each step being date-stamped for transparency and accountability.
This shift added a new dimension of trustworthiness to ScreenSkills’ data during audits, ensuring all approval processes are recorded accurately and can be accessed easily, eliminating any doubts about their validity.
Here are some of the Apps that ScreenSkills used and the approximate time saved:
From start to finish, this saved ScreenSkills approximately 3 days per claim. Before the implementation of FinanSys Apps, the ScreenSkills team had to find the codes to which the cost relates (the system now populates automatically with a dropdown).
Working out the mileage and amount has had a significant saving of time and accuracy.
Authorisation of claim is a lot quicker as this can now be done on the move rather than waiting for the manager to be in the office.
Purchase Invoice and PIPO (combined as same invoicing process)
This had an approximate time saving of a day per 20 invoices for the charity organisation. This is due to details being pulled through PO, which saves time in recording on the system directly.
Also, with FinanSys Apps, approval can be done on the move rather than waiting for the budget holder to be in the office.
This saved ScreenSkills approximately 0.25 days per set-up. Before the implementation of FinanSys Apps, this was manually completed in each business unit. With FinanSys Apps, they’ve been able to create the setup in all BU at the same time.
Purchase Ordering (PO)
This had an approximate time saving of 0.5 days per PO. Before adopting FinanSys Apps, purchase orders were requested manually to the finance department, which then needed to be added to a PO register to get the next number. In turn, finance raised a manual PO PDF document.
This is now all automated through FinanSys Apps.
Also, POs were not recorded on the system, which meant the ScreenSkills team could not include PO balances on their month-end reports. This had a major impact on reporting at year-end.
As purchase orders were not on the system, there was no PO write-off function. If anything needed to be cleared, it had to be zeroed off on the spreadsheet, which led to a lot of mistakes.
Automating this process has mitigated the errors.
This had an approximate time saving of 0.10 days per invoice as this was manually journaled into the finance system. Now, it is automatically done once approved, thanks to FinanSys Apps.
With this app, ScreenSkills were now able to keep a record of all contracts in one place, which can be reported on.
The Overall Experience with FinanSys
The charities Financial Planning and Reporting Accountant had this to say when asked about their experience with FinanSys Apps:
ScreenSkills is the industry-led skills body for the UK’s screen-based creative industries – film, television (including children’s, unscripted and high-end), VFX (visual effects), animation, and games.
The charity supports economic recovery and future innovation and growth across the nations and regions by investing in the skilled and inclusive workforce who are critical to the UK screen industries’ global success.
Established in 1991, ScreenSkills provides insight, career development, and other opportunities to help people get into the industry and progress within it.
They work across the UK with employers, individuals, learning/training providers, trade associations, unions, and government to ensure the screen industries have the skilled workforce they need.
About FinanSys Apps
FinanSys Apps is a highly innovative business platform that integrates seamlessly with your finance department and beyond, offering limitless use cases. The power of FinanSys Apps lies in its versatility – it’s designed to replace unconnected software and manual processes, streamlining your operations into one comprehensive system.
FinanSys Apps Key Features
FinanSys Apps Use Cases
With FinanSys Apps, there are no limits on the workflows you can create. Our software offers one system to manage an ever-growing number of use cases.
Our team and customers discover and create new use cases daily.
What are your next steps?
Enter your details below to get a free demonstration of FinanSys Apps and see how you can automate and streamline your processes.