The Arts Council of Ireland has implemented Infor FMS SunSystems version 5 software for online grant payment administration and full accounting management. The solution, which was deployed by Infor partner Core Financials, enables the Arts Council to handle confirmations and payments online as well as produce full management accounts more timely and accurately.
Previously the Arts Council was faced with a difficult task of managing grant payments and its €75m+ budget across a diverse range of artists, groups and communities. This was managed using a legacy MIS system combined with manual extraction of data which was pushed through Excel spreadsheets to provide management reports. The level of manual work required was very intensive.
Infor partner Core Financials deployed FMS SunSystems and was selected to provide an integrated Web-based application that allows the Arts Council to manage internal expense management and procurement, together with end-to-end grant payment processing. The automation of the process has resulted in significant improvements to the quality of financial information available to senior management within the Arts Council.
“I had not previously worked with Core Financials or Infor but was very impressed by the features of FMS SunSystems, especially the modules that handled the grant payment administration, that was very powerful,” said John Broderick, IT project manager, Arts Council, who was brought in specifically to help select and project manage the installation of an accounting solution.
“Today, the Arts Council is well positioned to administer its grant portfolio in an efficient manner and to provide the necessary accurate reports in a timely fashion,” saysTony Salmon, managing director, Core Financials. “Automating the Arts Council’s financials has seen a great improvement in the ease and accuracy of its reporting.”
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