Previously, Mareterram managed the business financials and operations with four different, and largely non-integrated, business systems. Two of the divisions used MYOB, which allowed some degree of streamlining. But overall, spreadsheets populated with manually inputted data was the only viable way for the business to collate, process and share information. This is how accounts, reconciliations, orders and many more operations were run.
“Reporting was difficult, and just getting an overall picture of the company’s performance based on one source of the truth was close to impossible,” said Scott Razga, Mareterram’s project manager.
“At each month’s end it used to take 10-12 working days just to reconcile everything and make sure it was all in order. And the system we had in our fishing division was very basic and hadn’t been updated in ten years. It didn’t have stock control or bin locations, or even accounts receivables or payables functionality. We used MYOB to do our invoicing but that required a lot of double entry.”
This double handling contained room for error, slowed the AP process down and made any approval or allocation queries overly convoluted. The whole process was time-consuming and simply not sustainable.