Dynamelec case study
Our client
Based in Hampshire, Dynamelec are electrical domestic and commercial electrical contractors supplying services to the private and public sectors.
Our challenge
When we first met Dynamelec, they were becoming increasingly frustrated with the time they were having to put into managing their accounts, which was diverting valuable resources that could be better spent on developing the business. At the time, they were using a desktop version of Sage, and working with an accountant they really only communicated with at the end of each financial year. Their accounting system was based around several disparate solutions, and they were a long way from realising their goal of a paperless work environment.
Adding further complexity was the fact that the company’s field-based engineers were unable to access the system remotely, leading to tasks being duplicated, and taking longer than they should.
Our solution
With an in-depth understanding of Dynamelec’s needs, we created a bespoke solution based around Xero software, adding in specific applications to give them all the functionality they needed. Because our solution is web-based it can be accessed by any authorised person from anywhere at any time, allowing field-base staff to issue on the spot quotes, invoices and certifications using their smartphones or tablets. They’re even able to upload images of receipts or other project documentation to a workflow system synchronised with the accounts.
Finally, to give Dynamelec a virtually hands-free solution that leaves them free to focus on their clients, we take care of payments to their suppliers and look after their payroll and CIS.
The outcome
The new accounts system has dramatically increased efficiency, speeding up the process of quoting a project, scheduling it in, and invoicing once it’s been completed. Cash flow has also improved significantly - each time a payment is received at their bank, Dynamelec are notified automatically, enabling accurate statements and tighter credit control. Healthier cash flow has made more money available to the business, allowing it to take on additional staff and invest in equipment.
What our client says
“Working with Savvy has been like a breath of fresh air. Their help and advice has far exceeded our expectations, transformed the way we work and given us the space to take our business forward. Being able to view our accounts online means Savvy can resolve any issues instantly, and having Simon alongside us is like having our own financial director. As the business owner I get total peace of mind and even get to take the occasional holiday – something that was very difficult for me before!” Bradley Jackson, Dynamelec
About Savvy
We’re Savvy, are you?
Welcome to Savvy, an accounting practice with a refreshingly different approach. Dynamic and technology-driven, we’re about as far away from the traditional image of grey suited ‘bean-counters’ as you can get. We believe your accountant should be accessible, affordable and as passionate about your business as you are, that they should make a difference to how you work, and add real value to your bottom line.
While we support our clients with all the usual compliance services you’d expect – Tax, VAT, Payroll, Accounts – what differentiates us from our peers is our focus on helping them to work smarter, so they can be more efficient and productive. We don’t think your accountant should simply be someone you see once a year – a reactive supplier who crunches your numbers, but rather a strategic partner who will use the knowledge and information you entrust them with to offer advice, and help you take your business where you want it to go.
Our use of cloud-computing helps make us more responsive and cost-effective, and benefits our clients by eliminating paperwork. We know first-hand that adopting the right technology can transform the way you work, and we can help you introduce accounting software that enables more collaborative working and allows us to oversee your financials in real-time. This way, we can ensure your position is always as tax efficient as possible, and assist you in making informed financial decisions on an ongoing basis – not waiting until the end of the period when it will probably be too late.
Savvy is engaged by clients who are diverse in scale and sector. They include small, one-man businesses, medium sized enterprises, and high net worth individuals with investment incomes, and high earning, contractors.
Working with us is easy. We can tailor our services to offer a bespoke solution that meets your unique requirements exactly – or you can select one of our packages for a fixed monthly fee.
Not all accountants are the same. Be different, be Savvy!