A contract to supply, install and commission an Accpac ERP 200 accounting and financial business software solution for financial services group AI Horizons (AIH) has been won by business and technology solutions provider Lorge.
From its new head office in Observatory, AIH has operations in three separate locations due to its private equity portfolio. Its subsidiaries have a wide range of needs with businesses involved in financial products and loans, investment consulting, industrial product sales and servicing.
Lorge managing consultant Martin van Blerk says the first phase of the software solution has gone live with a second phase due to be completed before the end of the first quarter 2008.
“The first phase involved modification of the Accpac General Ledger to suit AI Finance Group’s particular needs and their loan tracking software is also being linked to the Accpac Accounts Receivable program, which will allow AIFinance instant access to review the current status of any loan and process the required accounting entries through Accpac,” says Van Blerk.
The linking of the Accpac solution with the Debtors Management System will be particularly useful to AIFinance’s vehicle and asset finance divisions, whose operations will also use the Accpac solution, which includes general ledger, accounts payable, accounts receivable and cashbook operating on a Microsoft SQL database. Future integration may include Accpac CRM to facilitate communication to and from clients on an electronic paperless platform.
The ability to run multiple companies with different focus areas and needs is a core reason why AIH chose Lorge to implement an Accpac solution where each subsidiary has selected its required suite of components to best run its business.
“The Accpac solution will assist AIH to achieve its strategic vision,” added van Blerk. “Up to date critical financial information will be available at a mouse click enabling the company to further develop its niche financial services and investment management businesses.”