Challenges faced in this sector
There is likely to be a combination of ticketing revenue, sponsorship, events, room hire, catering, retail outlets, charitable elements and more. With this many parts to the business, any system must be flexible and adaptable. Financial analysis is paramount and a comprehensive management reporting suite which is able to report on many dimensions within the general ledger is a must.
Spend control is important as each area of the business must retain close controls over costs. As each area often has different people involved in procurement, a centrally controlled system is essential to retain control over budgets. Document Management stores purchase invoices making them readily available during authorisation workflows and OCR to read and automate the posting of invoices saves huge amounts of precious account team time.
Transaction volumes can be high so your system must manage and not suffer performance issues. The ability to produce accurate and insightful reporting is key.
Our solutions enable intercompany transactions
It is common for Sport & Leisure organisations to operate within a multi-company environment. Our solutions enable intercompany transactions between each company reducing the time it takes to manage these complex financial postings. It must be easy to produce multi-company consolidated financial reporting in real time. This gives decision makers the information they need enabling the organisation to be agile. Automated cross-company reporting reduces month end close times by simplifying elimination and multi-currency consolidation.
Challenges we overcome
Membership acquisition and management
Fully integrated CRM provides a 360-degree view of activities with each contact, customer or member. Integrated marketing tools including email, lead to membership and customer tracking enables marketing to be based on business intelligence and customer engagement.
Day to day operations
Accommodating multiple business processes, including events, bed/seat management, catering, inventory, etc. Job costing and time recording to manage event management, sports management, and other project work. Stock and Sales Order Processing to manage sales via retail, mail order or the web. Purchasing (including web based requisitions) delivering full commitment accounting by cost centre or event.
Financial operations
Fully integrated finance ledgers delivering tight business control. Purchasing (including web-based procurement) delivering full commitment accounting. Multi company consolidated reporting and intercompany transactions simplifies reporting and reduces month end close times.
Analyse performance
Real-time query and analysis tools for rapid analysis of data from any part of the system.
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