Gaining a 4D view of the business with Wiise ‘cut and dice’ reporting

Find out how FVS cut 5 days off its month-end reporting.

Before Wiise

Finance teams overwhelmed with data-entry tasks and paper-based processes

Interpretation of EBAs and awards in processing payroll a very manual process and prone to error

Approvals were causing significant delays and impacting business decisions

Field technicians required to enter work hours in Excel spreadsheets

Limited visibility of branch debtor information

Significant volumes of timesheets to be printed, authorised and manually keyed

Maximum capability reached with legacy ERP

With Wiise

Greater visibility, deeper insights, better business decisions

Invoice-level detailed reporting offering complete business visibility

Finance function entirely digitised – including self-service payroll via a mobile app

Power BI reporting means P&L reporting timeframe has been significantly reduced.

Centralised, uniform chart of accounts structure across all business divisions

Ability to integrate with multiple Microsoft and best-of-breed finance tools; KeyPay, Power BI, ExFlow/ Kofax and FireMate.

The problem: A growing business, held back by small business processes

After many years of organic growth complimented by key acquisitions,  the FVS business has grown to 250 employees and a $50 million turnover; increasing demand for centralisation of data across its business divisions and digitising its paper-based processes.

Limited capability to provide its branch or senior managers with accurate, relevant reporting, and with finance staff struggling with manual processes, the finance team were lacking the capability to keep pace with the financial reporting demands of a rapidly expanding business. 

Logo of FVS Fire Solutions on a white car

The solution


  • Invoice-level detail enables finance to share debtor information with branch managers, to help manage collections and customer relations more effectively.
  • Combining Microsoft Power BI and Wiise AI-powered analytics has sped-up monthly P&L reporting by approximately 5 days per month.
  • Vendor invoice delegations, routing and approvals can be easily managed
  • Digitised payroll processes have eliminated manual data-entry – saving up to 25% of finance team time.
  • Utilising Power BI analytics to interpret FireMate  work hours with timesheet data from Wiise payroll, FVS will be able to better measure utilisation of its field technicians.
An Image of a fire alarm

The payoff

Visibility

With instant, accurate, multi-dimensional reporting, FVS finance team has become the ‘eyes’ of the business, delivering the data senior management need to make strategic decisions.

Agility

Digitising the end-to-end finance function, replacing paper payroll processes with a mobile self-service app and using Power BI analytics has reduced the  monthly reporting cycle by approximately 5 working days.

Scalability

By creating identical, uniform accounting structures across all its divisions, FVS is now better positioned to ‘bolt on’ new businesses and provide a single source of reporting for the entire business.

“Without Wiise, we wouldn’t have been able to continue to grow. It’s transformed the business and there are still a lot of capabilities that we haven't utilised yet.”

Cameron Rollason, CFO at FVS

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