" Avisto Capital transform their business reporting, cash flow forecasting & automation by moving to Microsoft Business Central. "
Bam Boom Cloud MOVE AVISTO CAPITAL TO BUSINESS CENTRAL AS THEY OUTGROW THEIR OLD FINANCIAL SYSTEMS.
Avisto Capital Partners work across the U.S. for oil and gas shared services.
With a complete portfolio of accounting, bookkeeping, mineral interest management, regulatory compliance, financial and technical consulting firms, to provide the energy sector with a one-stop source for advisory solutions.
Avisto Capital is a compelling story because they are a growing business that had outgrown their financial system and manual processes. They needed to quickly get a scalable, modern, cloud-based ERP in place that would allow them to automate their financial and cash flow reporting to their stakeholders.
They were already leveraging Microsoft technology in their business and wanted an ERP that would further that investment. This was the perfect fit for Microsoft Dynamics 365 Business Central.
Avisto’s controller had left the company recently. They were using an accounting system that was specialized in oil & gas accounting rather than a corporate financial solution and recently purchased two companies. They pay over 200 vendors and bill 400-500 clients every month.
All of their reporting was being done manually and with the recent change of financial leadership needed to implement a new system quickly that would not only provide robust financial reporting but that would also easily link into their bank’s API for cash flow forecasting/reporting.
Microsoft Business Central was the perfect solution.
Avisto engaged Bam Boom Cloud to lead them through a rapid Implementation of Business Central, integrated with O365, and they leveraged Power BI for reporting and analytics across their entities.
• MVP build of Business Central
• Integration with M365 and Office for increased automation
• Industry leading reporting and analytics with Power BI
• Automation of previously tedious manual tasks
• Increased billing and payment process productivity
• Detailed cashflow forecasting through better reporting
AUTOMATION, reporting & forecasting
Because Avisto was able to leverage Bam Boom Cloud’s Rapid Implementation approach, they were able to be running their business on Business Central within 4 weeks and ditch their old manual processes.
Their new controller was able to pay their vendors and bill their customers in a timely manner and automate their financial reporting as well as their cash flow forecasting with their bank within a matter of a few weeks.