LARGE DISTRIBUTOR

A Large impoter and distributor of stone, glass, ceramics and peweter was growing very rapidly. It had grown from a small to a mid-sized firm in just a few years. As a result , its internal accounting infraturer had not keep pace. It had an old accounting system with poor reporting capabilities and couid not genet\rate accurate or timely fifnacial statements or operational management information.

Management was basically flying blind,making assimptions about sales, margins and pricing. Additionally, its staff had grown and it had a poor payroll solution for hourly, high-turnover employees. IQ Backoffice worked with the client and external vendors to implement a new accounting system and a new payroll solution. IQ Back office also designed and implemented new business processes for Accounts paybles, Billing, Accounts Receivables, Cash applocation and reporting. We developed comprehensive business rules for processing accounting transactions, as well as closing the books and producing the financial and operational reporting.

We also implemented IQ Backoffice technoligy to allow management, who traveled frequently overseas, to be able to review and approve financial transactions over our secure, web-based application.