Sherry FitzGerald Group are Ireland’s leading property and mortgage advisory firm.
Founded in 1982, Sherry FitzGerald Group are Ireland’s Number 1 estate agents servicing Ireland with a branch network of 92
offices. Their depth of expertise in the property sector is unrivaled and their brands are among the most recognised in Ireland.
The group consists of four main business units:
• Sherry FitzGerald Residential Sales in second hand and new home properties
• DTZ Sherry FitzGerald, which specialises in Commercial Agency, Professional Services & Property Management
• Sherry FitzGerald Financial Services, which offers clients independent mortgage, pension, life and home insurance advice
• Sherry FitzGerald Countrywide, which encompasses the national franchise network.
In 2012, Group Financial Director Steven McKenna took the decision to find a replacement finance system which would support the increasingly complex needs of the business. His finance team were increasingly frustrated with a system that was not designed to cope with cross-divisional and multi-office accounts and his ability to extract insights and reports was limited through Excel reports. The existing system was laborious for users and the duplication of inter-company recharges through Accounts Payable and Receivable was a burden on his team and created large paper volumes.
The right solution:
The decision to go with K3 and the Sage Business Enterprise Management solution was based on several factors. Firstly, the Sage solution not only offered what Steven was looking for in terms of functionality but did it so in a very unique way. Sage Enterprise Management is based in a single folder which brings with it several business benefits most notable of which allows users to access and interrogate real-time data across different accounts, From a user point of view this functionality alone saves an inordinate amount of time by providing a seamless interaction with the information for multiple company accounts.
Steve commented “We expect to cut the time it takes to process invoices and inter-company recharges by 40% alone. This equates to 2 days a week simply by being able to use the standard functionality within Sage Business Enterprise Management.” In addition, with over 200 staff processing low value but high volume expenses the ability to automate the process through the additional Timesheet & Expense module will be of great benefit to the Group. It enables Sherry FitzGerald to move away from manual expense processing and automate the whole process from scanning, through line manager approval straight through to the account system. Paperless, fully traceable and significant savings on storage costs. Typically, an issue which can be difficult to overcome with new ERP installations is user adoption. However, being able to show Steven’s team the tangible time saving benefits of the new Sage Business Enterprise Management solution has made adoption surprisingly easy. His team can see how much simpler their working lives will be through the automation and usability that the K3 solution brings.
As well as the solution itself, Steven was impressed with K3 who worked tirelessly to get a thorough understanding of the business and Steven’s requirements. With an initial focus on Sage 200 as a potential solution, K3 quickly identified that in order to achieve what Sherry FitzGerald was looking for they would have to explore Sage Business Enterprise Management.
It was important to K3 to make sure that we truly listened to our customers requirements then to bring to life how the solution would work via our demonstrations. We were absolutely delighted to be Steven’s final choice and we’re incredibly proud to be working with Sherry FitzGerald. We look forward to helping Sherry FitzGerald transform the way they currently work and supporting them on their business transformation journey.
Download the full case study to find out more about the solution provided by K3 as well as the business benefits and final outcome.