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MANAGING A HIGHLY DIVERSIFIED PORTFOLIO

MYOB Acumatica manages a diverse portfolio for The Woolcock Group

woolcockcase-study

 

Operating multiple, diverse businesses is no mean feat. The Woolcock Group needed a powerful ERP to handle budgeting, reporting, and forecasting, as well as the flexibility to work from anywhere – and with big plans for growth, scalability was a must.

The Woolcock Group was founded in 1978 and is affiliated with a diverse number of business units including WineWorks Australia Pty Ltd, Sustainability House, Woolcock Construction Pty Ltd, and several other entities within commercial property management; employing over 70 staff.

WineWorks Australia Pty Ltd serves as a premium logistics and warehousing provider to the world-famous South Australian wine industry; Sustainability House is a nationally recognised provider of energy efficiency assessments and ecologically sustainable design services; and Woolcock Construction Pty Ltd specialises in design, construction, property development, property management and also operates several serviced offices.

 

The Problem

What do you give the business that does everything?

According to the team at The Woolcock Group, the time had come to upgrade to an ERP to manage the growing business – and due to operating across several sites, it was essential that any solution they chose would allow them to work remotely.

After undertaking an extensive needs analysis, The Woolcock Group decided on MYOB Acumatica (formerly known as MYOB Advanced) as it could perform all their required tasks and was considerably easier to implement than other leading Cloud ERP providers.

 

The Solution

Moving forward with MYOB Acumatica

When it came to implementing MYOB Acumatica, The Woolcock group continued to work with CloudFactory who were the original launch team for MYOB Acumatica, and together worked to ensure the implementation process was completed collaboratively and strategically.

CloudFactory stepped the Woolcock team through high-level configuration – such as the number of companies and branches needed, naming protocols and how to best use sub-accounts to dissect various business divisions – before moving all the necessary data to the new system.  All terms used are related to MYOB Acumatica Financial configuration capabilities.

 

The Outcome

A better way to do business

Since implementing MYOB Acumatica, the team at the Woolcock Group have been able to streamline several processes and save an enormous amount of time. “Because we are able to build our own profit and loss reports which compare information across sub-accounts, we’ve eliminated the need to export data to Excel”.

In addition to this, the ability to access their systems from anywhere, any time, which has provided the flexibility for managing the separate businesses with ease.