Better Decisions with Real-Time Data
SEACOM can now access a deeper level of data and strategic insights that executives use to make better decisions and make them very quickly. Acumatica surfaces data in real-time, so executives immediately identify what’s happening across the business and make course corrections promptly rather than relying on months-old, historical data.
“One thing we are fanatical about is measuring the business in terms of cash receipts, which was seriously onerous before,” says Wilbraham. “Now we have a generic inquiry for cash receipts throughout the business linked to a Power BI model, and we’ve been using it ever since. I now consistently get information out of the application using the GI tool to see exactly what’s happening in real-time.”
Acumatica enables customers to examine spending across regions and countries using data Acumatica pulls and analyses through Power BI. Executives analyse spending from various suppliers, identify the benefits and commitments associated with each spend, and what to do to obtain the most beneficial pricing.
“That ability to get information has been transformational to us.”
Previously, SEACOM had trouble allocating customer receipts as they paid. With Acumatica, “we implemented a configuration that saved two hours a day for the person managing the cashbooks.” Acumatica also automatically manages bank statements. As a result, the accounting team no longer needs to download and import statements, saving even more time.
SEACOM’S latest development included the implementation of Acumatica’s deferred revenue module. This means that revenue over thousands of transactions is recognized automatically without the need for laborious excel spreadsheets and manual journals. According to initial analysis this has saved around 15 workdays per annum per Accountant. A significant saving.
“These little things add up,” says Wilbraham. “We are looking at saving accountants 15 to 20 percent of their time every month, which means they can focus on more important tasks.”
Reporting also greatly improved with Acumatica. SEACOM received standard reports quickly and seamlessly connected Acumatica with Solver BI360, a third-party corporate reporting tool. “We send POs out quicker because they are automatically distributed, which allows us to provision our customers’ services much faster, directly translating into maintaining our competitive advantage.”
Seamless Connections to Other Applications
Wilbraham says open functionality and connectivity are very important to the company, even though they did not initially consider Acumatica’s open architecture and APIs as key factors in their purchasing decision. In addition to Solver, SEACOM uses Microsoft Power BI to help employees understand and visualise changes to critical business dashboards. SEACOM easily connected its custom-built billing application and Enterprise Service Pass to Acumatica and automatically transferred information between the different systems.
“Having that open API and flexibility is key, and we’re seeing that more and more,” Wilbraham says, adding they also connected YAY Pay for accounts receivable management.
Acumatica has an easy-to-use and intuitive interface that makes it effortless to onboard new employees no matter what country they reside in, says Wilbraham. “Acumatica is exceptionally easy to navigate, is very intuitive, and super easy to learn. The mobile app makes life a lot easier” for executives and employees in the field.
“Training only takes half an hour to get a person up and running, and that’s all you need to do what you need. Getting people up to speed was easy.”
Multiple Acquisitions in Multiple Countries
SEACOM’s rapid expansion continues, Wilbraham says. “We are looking at several acquisitions in the future and deploying them quickly with Acumatica is critical. We’ve deployed Acumatica to 13 companies in five months, so we know we can easily get new companies onto the platform very quickly.”
He estimates that the workforce will soon grow to more than 500 employees.
With Acumatica’s transactional licensing model, Wilbraham doesn’t worry about expensive per-seat licensing costs. “It becomes very easy for Acumatica to stay in the game with its licensing model,” Wilbraham says. “It’s very easy to add extra entities and transactions and not have to spend months and months training new users.”
Scalable Platform for Continued Growth
Growing a company as quickly as SEACOM isn’t easy, and any company tackling multiple acquisitions and offering services in numerous countries faces many challenges. But with Acumatica, Wilbraham says SEACOM has a solid financial and technology platform he can trust that can scale to meet their evolving needs. For example, Acumatica provides a centralised ERP platform with a standard chart of accounts that handles reporting for all its businesses.
“I haven’t been limited in anything I want to do with the platform, and that includes commercial limitations,” he says. “Anything we wanted to do is available and reasonably priced; Acumatica is a great product that can be geared to different business levels.”
In addition, “We don’t need to think about what ERP we might need in the future because Acumatica delivers what we need, whether we are changing the business we have or businesses we are moving into. Acumatica accelerates our decision-making processes.”