Case study:
Access COINS Drives Financial Management and Compliance for St Ives
Access COINS’ fully integrated ERP system ensures ‘one source of truth’ to support Western-Australian-based retirement living builder and operator, St Ives Retirement Living, meet financial and operational obligations.
Business size
Medium
Industry
Property development / Retirement Living
Product
Access COINS ERP+
Challenge
- Finding a system that meets the complex business requirements of operating in a highly regulated industry.
Approach
- Implemented Access COINS ERP+
Results
- A fully integrated system that provides sophisticated reporting at all levels across the organisation, facilitates complex trust account requirements and delivers transparency to its valued residents.
Designed for Property Developers
As a successful organisation experiencing continued growth, St Ives was looking for a software partner with an in-depth understanding of the retirement living sector who could support its current business needs as well as future requirements.
Access COINS ERP+ cloud-based system provides St Ives Retirement Living with a complete end-to-end solution that covers the entire property development lifecycle from development to sales right through to maintenance. The system is updated in real-time providing one true source of information and allows the organisation to produce financial reports at the click of a button, critical to facilitating efficient day-to-day operations and supporting ongoing business success.
Access COINS is a whole-of-organisation solution that offers businesses which operate in construction, development and redevelopment of existing properties, with an end-to-end understanding of the entire property lifecycle.
Michelle Miller, Chief Financial Officer, St Ives Retirement Living.
In this video, St Ives Retirement Living Chief Financial Officer Michelle Miller explains some of the business benefits of Access COINS including time and cost savings, organisational transparency and powerful reporting functionality.
Supporting Compliance
Operating in a highly regulated industry, a major business benefit of Access COINS construction software is supporting St Ives Retirement Living in meeting the sector’s complex compliance obligations. Access COINS provides a fully integrated solution to ensure ‘one source of truth’ is securely established, ensuring the organisation meets financial and operational obligations.
Powerful Reporting
Powerful reporting features give the business the ability to have independent village reporting and consolidated group reporting, all the way up to the holding company, providing one true source of financial information.
St Ives Retirement Living CFO Michelle Miller says Access COINS has facilitated greater transparency both at a board level, executive level and throughout the entire business.
At any point in time I can go into the COINS system and drill down into a transaction. I can provide myself with a financial report which is accurate and up to date with the most current information that has been processed through the business during that period of time.
Michelle Miller, Chief Financial Officer, St Ives Retirement Living.
