I am grateful to the Codestone team for their guidance, expertise and their friendly, collaborative and pragmatic approach.Financial Controller, iiPay
The Client
About
iiPay
iiPay is a market leader in cloud-based global payroll solutions and is the proud recipient of the Global Payroll Supplier of the Year Award. Their solutions have been implemented in more than 270 businesses, spanning in excess of 150 countries.
Understanding the Problem
The Challenge
iiPay is a market leader in cloud-based global payroll solutions and has been implemented at over 430 businesses in more than 150 countries. The Finance team needed a transformation that would not only create a single, centralised and standardised cloud-based finance platform, but also engineer the agility and scalability necessary for growth internationally.
We essentially walked through our whole business with Codestone to establish what we needed from our new financial system and the roles and responsibilities for the programme.Financial Controller, iiPay
The Solution
Making it Work
The Finance team worked with Codestone to review their business processes and engage in a series of practical workshops to precisely define and prioritise requirements.
“We essentially walked through our whole business with Codestone to establish what we needed from our new financial system and the roles and responsibilities for the programme. The entire Finance team were involved with individuals championing delivery in specific areas. This was a highly collaborative and productive process focusing on greater efficiency and accuracy”, said Harry.
The project deliverables included:
- Cash & Liquidity
- Financial Close
- Fixed Asset Management
- Expense Reimbursement
- Customer Contract Management / Marketing to
Opportunity - Order to Cash (standardised services) / Order to Cash
(project-based services) - Workforce Administration / Time and Labour Management
- Project Management
- Procure to Pay (non-stock) / Procure to Pay (services)
We shaved 2 working days off our revenue reporting deadlines and were able to take 4 days off the overall month end close.Financial Controller, iiPay
Discover the Benefits
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SAP Cloud ERP delivered automated revenue billing for all recurring payroll services
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SAP Cloud ERP also allowed them to implement a solution that has scope for international growth
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SAP Cloud ERP delivered timely, scalable macro reporting to drive management decision making
I am particularly proud of the automated invoicing solution that iiPay and Codestone built together. Our recurring payroll service invoices are now generated automatically, and this automation has allowed timely, error free scalability in our operations. As our volumes increase, the system works harder rather than the team.Financial Controller of iiPay