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BPI Financial Group Limited

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Scope

ERP Implementation

Technology Deployed

SAP Business One

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Introduction

BPI Financial Group Limited is a boutique financial services firm specialising in global clearing, Chinese commodity derivatives markets, inter-dealer brokerage and trade facilitation. They help institutional investors in Asia, Australia and the
Middle East manage their price risk and trade on global markets. With the speed and complexity of business increasing, they needed a set of integrated digital tools to automate, track and streamline accounting and financial operations.

 

“With SAP Business One Cloud, we can easily track and manage our AR/AP/GL documents. Moreover, all the documents can be easily attached to finance workflows and we can instantly access them from any location anytime.”– Coco Chan, Finance Manager, BPI Financial Group Limited

Challenges

  • Manual processes and duplicate data entry made reporting complex and delayed
  • Foreign currency calculations were not automated which slowed transactions
  • Lack of remote access limited productivity when out of the office

Solution

SAP Business One offered full finance management including accounts payable, accounts receivable, general ledger and workflow management, in a platform that was fast to implement and within budget. Besides that, the proactive Axxis team identified BPI’s priorities and implemented SAP Business One that suits their needs at a competitive price. It has been 3 years since BPI started using the solution. Yet, Axxis still provides fast and consistent customer support which made BPI feel like they are the only customer that matters.

Result

BPI Finance Group, a startup company chose a scalable ERP system to grow together with it while reducing costs. They partnered with Axxis Consulting to implement the SAP Business One, established:

  • Seamless accounting and financial management workflow system helps improve productivity, lower costs and provide faster service
  • Foreign currency revaluation for transactions completed directly in the relevant currency makes it easy to manage the international business and helps create an accurate balance sheet
  • An excellent tool to automate repeatable work and save time with features such as ‘copy and paste’ functionality used in general ledger accounting
  • Interactive drill-downs and ‘drag and relate’ tools enable the team to quickly access the relevant data and answers they need on demand
  •  Intuitive reporting dashboards and analysis of financial data for informed decisions

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