One of South Africa’s leading car and household insurance providers, Outsurance, has embarked on a project that will see its fixed asset management system upgraded to Sage ERP X3 by the end of June 2011.
Jan Hofmeyr, the chief financial officer at Outsurance, says the business’s rapid growth and the size of the fixed asset base led to the upgrade.
“The growth in our fixed asset base necessitated the need for a mature and fully functional fixed asset register software, which we found in Sage ERP X3,” he says.
Outsurance was established in 1998, offering car and household insurance directly to South Africans with the promise of "always getting something OUT".
The company has grown and expanded over the past decade to cater for business insurance and crossing borders into the Namibian market, as well as in Australia. In 2010, Outsurance extended its product offering into the life insurance market.
After careful deliberation, Parity Software was chosen as the vendor handling the software upgrade.
“Outsurance needed a software solution that will compliment and aid their specific management process, manage their assets, assist their accounting process and provide mobile scanning solutions,” says Warren Williams, Parity Software MD.
“We have finalised a thorough diagnostic, and are at present building the system and is being designed to address Outsurance’s specific needs. Training in how to use the system is well underway,” says Williams.
Keith Fenner, the VP of sales at Softline Accpac, says the technological solutions offered in Sage ERP X3 allow a system to be synchronised across a large base of operation.
“The scalability and functionality of Sage ERP X3 will optimise the continued growth and development that Outsurance is showing. The software will adapt and enhance the growth of the business by growing with the company and offering access to state of the art technology such as remote access, a customisable dashboard and interface and real-time information that is available at your fingertips,” explains Fenner.
Hofmeyr says the Sage ERP X3 solution seamlessly integrates with their existing IT infrastructure.
“The product is mature and offers the required functionality for our business that is optimised to accommodate our geographic spread. The software will enhance our functionality to track our physical assets, perform capital budgets and optimise procurement spend and process,” he concludes.