,,,Success Stories
 Success Stories

"ACCPAC gets us ready for more jobs"

Founded in 1996, Beijing Redstone Industries is a very young and Chinese-localized real estate developer, yet with a very successful and fast growth to the industry leader in China.

1996 is the most important year of Beijing Redstone, when the first phase of SOHO project was kicked off, and Anyi accounting software was acquired to book the journal and to meet the basic reporting purpose. But a couple years later, it was found incapable to manage more and more projects and transactions with customers. Finance system became one of the critical issues that Redstone's senior management faced.

In order to keep the finance & accounting management up with the company growth, Norming Consultants with ACCPAC was introduced to the SOHO project management in February of 2000.

Unlike most of ACCPAC cases that begin with the easy implementation of G/L, the first phase of Redstone's ACCPAC implementation tasks was focused on the tough accounts receivable. After about 5 month's hard work, the ACCPAC Accounts Receivable module was set up to manage thousands of customers and thousands of sales contract, and about 4 -year's sales history was converted from messed-up manual record to the ACCPAC database. " With the ACCPAC accounts receivable, we found an easy and effective way to manage customer accounts, to inquire the transaction history with our customer, to get the real-time and exact information to forecast the cash in-flow." said Michael Yang, CFO of Redstone, " the implementation success of accounts receivable convince us of the flexibility of ACCPAC product and the professional experience of Norming Consultants, we decided to implement all the core module of ACCPAC to construct a complete management information system."

Up to now, Beijing Redstone Industries has rolled out another three real estate development projects, separated around the country, and more legal entities were established to handle more and more transactions. "ACCPAC meet the client's ever-changing requirement with the multi-company functionality to manage a unlimited number of books." Said Bruce Li, Principal Consultant of Norming Consultants Ltd.

In order for the remote accounting staff to use the ACCPAC system to process the on-site transaction, Citrix MetaFrame 1.8 was installed in the end of 2001. " It extends the ACCPAC application over the Internet to the remote accounting staff at the other project sites. As Michael said "ACCPAC and Citrix MetaFrame get us ready for more jobs."

 
 
Copyright 1999-2002 Norming Software International, LTD. All Rights Reserved.
For more information contact:
webmaster@norming.com