Cafico International: an Accounting Firm Software Case Study

Cafico International realised that only a fully integrated business system would allow scalable future growth.

Accounting firm software case study

If you are seeking to do business in Dublin, London or Luxembourg, at Cafico International you’ll find an experienced, independent Trust and Corporate Services Provider. In operation for 10 years since first opening its doors in 2012, and having successfully achieved substantial growth, they realised that only a fully integrated business system would allow scalable future growth.

The previous situation

Time and knowledge are what Cafico International sell, so being able to record all time spent on a client is absolutely essential. Cafico needed a system that integrates timekeeping, billing and accounting so as to ensure that each element synchronises properly.

The Challenge

Their legacy time-recording and accounting systems worked fine on their own, but they were standalone systems without data flow. If there was a change in timekeeping, it didn’t automatically feed back to the accounting.

Sean

The Benefits of Pryme Matters in combination with Microsoft Business Central

  • Using templates to set up new matters ensures consistency across clients. Depending on the client type, the firm can create various templates in the background to standardise tasks. Capturing time consistently across clients and tasks provides more accurate and actionable analytics.

  • The integration between the timekeeping system and the accounting system is a key feature. Any changes made in timekeeping automatically flow through to accounting and vice versa, ensuring seamless data synchronisation.

  • The Microsoft look and feel makes the interface very user-friendly. It’s so intuitive that team members began entering their time even before undergoing formal training.

  • Thanks to the integration of accounting and timekeeping, the firm now benefits from improved analytics and richer data insights. This enables a better understanding of how time is spent across tasks, as well as the ability to drill down into data, revenue, cost centres, and outliers. Access to detailed business insights has become much easier, and running reports, such as timesheet status analyses, directly within the system is highly valuable.

  • The Pryme team addressed specific gaps by building customisations tailored to the Cafico International’s needs. They developed a bespoke expense card and a specific invoice resource specification, which breaks out time entries and groups them by resource group, giving clients a clear view of all time logged. The firm continues to explore ways to maximise the system’s potential, with Pryme acting as a partner in building and implementing these improved solutions.

  • The firm is now built to scale and confident in its ability to grow within this system.

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