m-hance has been shortlisted in the ‘Software Product of the Year’ category for its innovative enterprise social networking (ESN) solution, m-hance Social Business (mSB). The winners will be announced at an awards ceremony held at Old Billingsgate Market in London on 21 November 2012.
The British Accountancy Awards recognise excellence in the accountancy community. The judging panel of leading industry experts were called upon to ensure this year’s entries reflected the latest breakthroughs and triumphs in the accountancy profession, making them the most relevant and prestigious awards in their genre.
Andrew Hayward, Managing Director of m-hance, comments, “mSB is the only solution of its kind to have reached the final of these respected industry awards. This reflects that more and more finance professionals are recognising how ESN technology can cut costs and deliver measurable efficiency gains throughout the business as well as within their own departments.”
mSB is an internal networking tool that provides secure and seamless out-of-the-box connectivity to Microsoft Dynamics financial management, CRM, SharePoint and other SQL and Oracle based applications, enabling employees to easily access, comment on and share valuable knowledge to drive more profitable communications. mSB can be deployed on premise or as a private hosted managed solution, providing flexibility and security over company data.
Key benefits of m-hance Social Business for finance professionals include:
- Increases productivity by an average 2% per user providing efficiency savings ranging from £70,000 per year (based on 100 users) to £350,000 (based on 500 users) through reduced email ‘noise’
- Enables finance teams to be perceived as more trusted advisors
- Helps to reduce costly financial mistakes
- Reduces ‘push reporting’ to allow more time to be spent on strategic activities
- Moves systems of record to systems of engagement
Hayward comments, “ESN is one of those defining technologies that will command business’ attention whether they like it or not. Today’s younger employees will expect it and increasingly finance professionals will demand it to improve productivity so they can focus more on key strategic tasks and receive alerts to enable them to quickly address issues before they arise.”
Hayward adds, “As a supplier we firmly believe in taking our own medicine and have a real need to keep our lines of communication open as a rapidly expanding business. Since adopting mSB internally, m-hance’s finance team is saving two days each month that were previously spent on answering queries and processing administrative tasks. This has helped us to reduce our debtor days and tighten our credit control procedures, directly benefitting our bottom line.”