Provider of compact plant and machinery across the South of Britain, CBL, has selected to implement fixed asset software from Real Asset Management to replace its current spreadsheet based process. Christian Lawrence, Finance Director at CBL told us how it required a specialist solution to control and manage its 5,000 assets and enable greater efficiency and significant time savings over current processes.
Established in 1986 and with a turnover of £40 million, CBL’s desire to improve the agility and flexibility of its financial operations made the decision to upgrade from spreadsheets essential. The company had been using multiple spreadsheets to manage each asset category including hire, land and buildings, vehicles and the depreciation of its hire fleet, but with the growth of the business this had become too costly in terms of the resource required to manage such a complex process.
“Being able to record and control our £18 million asset base through one central database and having easier, more accurate and timely reporting and interrogation of asset information will be of great benefit to the company. I have no doubt this will translate into huge time and cost efficiencies for the organisation. What typically takes us 16 man hours currently throughout the month , I expect will reduce to no more than 4 man hours with the use of RAM’s software.???
CBL is particularly keen to have the ability to analyse its asset data with greater speed and efficiency and run detailed reports on an ad hoc basis. Also being able to conduct day to day tasks such as depreciation, additions and disposals will provide the company with added confidence in its reporting processes including year-end.
“My liaisons so far with RAM have been extremely positive. I am excited about getting the new system up and running for use in September and look forward to the increased efficiencies that it will bring.???
If you would like to find out more about how RAM’s fixed asset software can benefit your organisation, then please visit our solutions page, email email@example.com or give one of our friendly team a call on +44 (0)1689 892 137.