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Insights and commentary on
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from our consulting team.
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Case Study: Australian Securities Limited
New integrated IT system contributes to 20% growth for Australian Securities Limited
About ASL
Australian Securities Limited (ASL), a public unlisted company, is a successful boutique financial institution which has provided investment and finance to thousands of clients for more than 80 years. The company offers the Australian Securities Income Fund and a range of financial products with flexible financial terms. More than 70% of clients have been referred by existing clients.
The business challenge
ASL had a custom-developed but restrictive database system and was using a legacy accounting system. The accounting system was approaching obsolescence and was restraining the future growth of the business. Nor could the systems give ASL the capabilities needed to introduce new products and gain a competitive edge.
Fenwick Software’s Solution
Fenwick Software’s solution was to combine a standard off the shelf financials package integrated with custom-developed software by Ammerlaan Initiatives for the fund financial management system (FFMS). This resulted in:
• The ability to introduce new products
• Increased revenue
• Improved staff morale through more efficient processing
• Removal of dependence on an expert user to operate the legacy system
• Process and procedure improvements
• A strong platform for development of an extranet
Click to download the ASL case study to find out how Fenwick Software can help you to implement systems that improve the efficiency and profitability of your business or contact our office for a business requirements discussion.
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Download this full case
study to learn how Fenwick
Software helped improve
transparency and user
confidence for ASL.
"The system has helped
us increase revenue
because we’re operating
more efficiently, and it
calculates everything we
should be collecting from
our loan contracts. We’re
very happy with it."
Natalie Clarebrough
ASL Project Manager
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