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Case Studies
Altech UEC | Chubb Electronic Security
Altech UEC | Chubb Electronic Security
Altech UEC
The Company
Altech UEC is a leading developer of digital technology for the international Pay-TV industry and specializes in the provision of integrated solutions comprising specialized hardware supported by innovative software solutions and global logistical support services.
ALTECH UEC’s innovative technologies can be found in homes across the world providing over 20 million people with a reliable and affordable gateway to digital television based entertainment, education and information.
The Challenge
Enjoying an enviable reputation amongst its partners and peers as one of the most technologically competent businesses in the industry, Altech UEC is consistently first to market with innovative products incorporating the very latest technologies. Altech UEC uses SYSPRO enterprise software to affect the stringent financial, inventory and production controls required to maintain this reputation.
Manual reconciliation of sub-ledger control accounts is undertaken by members of the finance team at Head Office on a monthly basis. Once basic differences such as journal entries have been eliminated, any remaining discrepancies are investigated by the IT department. This has proved to be a time consuming and frustrating exercise which involves spreadsheets, queries and manual comparison, and is not always conclusive.
The Solution
After seeing a demonstration of the DataRapt product, the Altech UEC team was convinced that it was the solution they were looking for. They were particularly impressed with the simplicity of operation, and the speed with which all variances were identified.
The Result
Altech UEC were able to identify and action all control account discrepancies in preparation for the year-end audit, and are in the process of incorporating the DataRapt reconciliations into their daily process. The facility to automate the programs to run overnight without the need for a session recorder is an added advantage in this process. This will enable the finance team to monitor the control accounts on a daily basis, eliminating month-end pressures.
In addition, Altech UEC has been able to identify areas where staff training is required.
Altech UEC is a leading developer of digital technology for the international Pay-TV industry and specializes in the provision of integrated solutions comprising specialized hardware supported by innovative software solutions and global logistical support services.
ALTECH UEC’s innovative technologies can be found in homes across the world providing over 20 million people with a reliable and affordable gateway to digital television based entertainment, education and information.
The Challenge
Enjoying an enviable reputation amongst its partners and peers as one of the most technologically competent businesses in the industry, Altech UEC is consistently first to market with innovative products incorporating the very latest technologies. Altech UEC uses SYSPRO enterprise software to affect the stringent financial, inventory and production controls required to maintain this reputation.
Manual reconciliation of sub-ledger control accounts is undertaken by members of the finance team at Head Office on a monthly basis. Once basic differences such as journal entries have been eliminated, any remaining discrepancies are investigated by the IT department. This has proved to be a time consuming and frustrating exercise which involves spreadsheets, queries and manual comparison, and is not always conclusive.
The Solution
After seeing a demonstration of the DataRapt product, the Altech UEC team was convinced that it was the solution they were looking for. They were particularly impressed with the simplicity of operation, and the speed with which all variances were identified.
The Result
Altech UEC were able to identify and action all control account discrepancies in preparation for the year-end audit, and are in the process of incorporating the DataRapt reconciliations into their daily process. The facility to automate the programs to run overnight without the need for a session recorder is an added advantage in this process. This will enable the finance team to monitor the control accounts on a daily basis, eliminating month-end pressures.
In addition, Altech UEC has been able to identify areas where staff training is required.
Chubb Electronic Security
The Company
Chubb, a world leader in security and fire protection services is made up of four divisions in South Africa, namely Chubb Electronic Security, Chubb Integrated Systems and Chubb Fire Services which incorporates Angus Fire. The company has combined 185 years of safety expertise with world class state-of-the-art technology and a highly skilled work force to provide customers with absolute confidence in their security systems and services. Chubb’s national footprint and ability to integrate various security services, combined with ongoing innovation, is clearly a key differentiation from local and international competitors.
The Challenge
Chubb uses a wide area network to deliver SYSPRO to over 300 staff members across the country. All sub-ledger transactions are captured at source into separate SYSPRO companies configured for each region.
Consolidated financial statements for the group are prepared by a centralized finance team. In order to meet stringent reporting deadlines, the team has adopted a “today's work today” philosophy, and all sub-ledger control accounts are required to be reconciled daily. This has proved to be a time consuming and costly exercise given the number of control accounts to be reconciled and the large number of transactions captured daily at Chubb offices throughout South Africa.
The Solution
After seeing a demonstration of the DataRapt product, the Chubb team was convinced that it was the solution they were looking for. They were particularly impressed with the “What Next?” function which gives an indication of the likely cause of each variance and provides guidelines for corrective action together with hyperlinks to access the SYSPRO programs required to deal with the variance. Another strong selling point was the facility to automate the programs to run overnight without the need for a session recorder.
The Result
Chubb have automated the DataRapt reconciliations as part of their day-end process, and are now able to review and maintain their control accounts on a daily basis.
Chubb, a world leader in security and fire protection services is made up of four divisions in South Africa, namely Chubb Electronic Security, Chubb Integrated Systems and Chubb Fire Services which incorporates Angus Fire. The company has combined 185 years of safety expertise with world class state-of-the-art technology and a highly skilled work force to provide customers with absolute confidence in their security systems and services. Chubb’s national footprint and ability to integrate various security services, combined with ongoing innovation, is clearly a key differentiation from local and international competitors.
The Challenge
Chubb uses a wide area network to deliver SYSPRO to over 300 staff members across the country. All sub-ledger transactions are captured at source into separate SYSPRO companies configured for each region.
Consolidated financial statements for the group are prepared by a centralized finance team. In order to meet stringent reporting deadlines, the team has adopted a “today's work today” philosophy, and all sub-ledger control accounts are required to be reconciled daily. This has proved to be a time consuming and costly exercise given the number of control accounts to be reconciled and the large number of transactions captured daily at Chubb offices throughout South Africa.
The Solution
After seeing a demonstration of the DataRapt product, the Chubb team was convinced that it was the solution they were looking for. They were particularly impressed with the “What Next?” function which gives an indication of the likely cause of each variance and provides guidelines for corrective action together with hyperlinks to access the SYSPRO programs required to deal with the variance. Another strong selling point was the facility to automate the programs to run overnight without the need for a session recorder.
The Result
Chubb have automated the DataRapt reconciliations as part of their day-end process, and are now able to review and maintain their control accounts on a daily basis.
