Case Study 1

A Leading Branded Lifestyle Products Company: Successfully Convert to PowerAccounting.
Client Profile

A world leader in branded lifestyle products with annual sales over US$12 billion. Challenge

The accounting system in place was lack of flexibility and desirable functions. It was unable to meeting stringent reporting requirements nor catered for new demands. Upgrade still could not resolve all problems and would not be cost effective. Issues

The client gradually found that the accounting system used was unable to meet their stringent reporting requirements, nor cater for new demands and business growth. The system also lack of flexibility and desirable functions to effectively consolidate financial data from the different systems in Hong Kong and China. It also took a lot of extra time to produce financial reports across cost centers and product lines and staff always works under stress and pressure to meet reporting deadlines.

While upgrading the existing accounting system in Hong Kong and cater for China offices was an option, the cost would be pretty high. Solutions and Key Benefits

After careful considerations and analysis, the client decided to go for PowerAccounting. With its powerful functions and cost efficiency, PowerAccounting proved to best suit their business needs and cater for all users in Hong Kong and China with English, Traditional and Simplified Chinese user interface. The client can now capture all necessary data into the system from various locations to producing consolidated and regular financial statement for analysis purpose. They also managed to track and measure monthly income and expenses more easily. Through the flexible analysis capabilities, financial data can be automatically extracted into pre-defined report templates and the reporting process has been speeded up considerably.