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"ACCPAC
gets us ready for more jobs"
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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.
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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.
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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.
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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."
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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.
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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."
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