Vantage Property Investments – Case Study
Investing in the Future: Vantage Property Investment‘s winning strategy with Business Central
Vantage Property Investments is a comprehensive property investment group with a robust and proven track record spanning nearly four decades. Over this period, they have successfully acquired commercial, retail, and industrial property assets on behalf of investors. Their services encompass property management, asset management, asset sourcing, due diligence, debt management, and accounting, ensuring a fully integrated approach to property investment. As the organisation grew their legacy accounting system was not able to keep up.
The challenge: Increasing manual processes across multiple companies
Vantage Property Investments (Vantage) faced several challenges with their legacy accounting system which was not able to foster their business growth. With 15 companies to manage, nothing was automated, and manual processes were inefficient and prone to errors. Bonnie Spinner, Vantage’s finance manager said, “We weren’t satisfied that the current system could foster our business growth.
With our previous system, Reckon, bank account transactions needed to be entered as a journal that balanced on both sides, all invoices were manually entered for accounts payable which left a lot of room for error. Invoices couldn’t be attached to the transaction and had to be saved somewhere else and filed correctly.”
“Business Central has improved efficiency and given us confidence to manage growth and integrate with our third-party applications. I can now focus on strategic projects and explore new opportunities for our investors.”
Bonnie Spinner
Finance Manager
The journey: Merging financial data and streamlining processes
“We came across Business Central as part of our research into transitioning into a new accounting system,” recalls Ms Spinner. After thorough research, Vantage chose to transition to Business Central. This decision was driven by the need for a more robust and scalable accounting system capable of supporting their growth and streamline their processes.
“We had a tight time frame for implementation and training, and EBS was always readily available, providing updates and scheduling meetings so that due dates were always met. We couldn’t have asked for a smoother transition.”
The Solution:
The transition to Business Central was smooth and efficient, thanks Evolution Business Systems (EBS). Ms Spinner said, “EBS has a deep understanding of Business Central and readily provides solutions tailored to your needs. Their structured approach ensures a seamless transition and excellent go-live support.”
Key aspects of the implementation included adopting Continia Document Capture and ebs-plus, a Business Central extension for Australian localisation and automation, reducing manual workloads including:
- Automated bank feeds for real-time data reconciliation.
- Intercompany billing to manage transactions for their 15 companies.
- Integration with third-party apps to manage business growth seamlessly.
- Automated transaction processing to reduce manual errors.
This has led to a 60% reduction in manual processing per week, saving the business significantly.
“With Business Central and ebs-plus we’re now able to send remittances straight out of the system, as well as automate transaction processing,” said Ms Spinner.
The benefits of Business Central
The adoption of Business Central brought several benefits to Vantage:
- Increased efficiency and reduced manual errors.
- Real-time data availability for better decision-making.
- Seamless integration with third-party applications.
- Confidence in handling business growth and scalability.
“Business Central has improved efficiency and given us confidence to manage growth and integrate with our third-party applications. I can now focus on strategic projects and explore new opportunities for our investors.”
Vantage Property Investments transitioned to Business Central, achieving significant improvements in efficiency and scalability. Ms Spinner said, “We’re looking forward to Business Central continuing to streamline processes, facilitate growth and scaling seamlessly.”
%
Reduction in manual processing per week.
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Discover how Business Central can streamline your operations and drive growth. Contact us today to learn more about how Vantage Property Investments achieved remarkable efficiency and scalability with Business Central.
Office Location
3/47 Burgundy St
Heidelberg VIC 3084
Postal Address
PO Box 1115
Camberwell VIC 3124
Phone
1300 303 973