OCN London enhances monetary transparency and effectivity with AccountsIQ’s built-in cloud accounting

Editorial Team
3 Min Read


Integration with AccountsIQ  allows sooner invoicing, fewer IT points, and extra time for forward-looking monetary planning.

Open School Community London (OCN London), a registered charity and not-for-profit awarding organisation working throughout the UK, has partnered with cloud accounting software program chief AccountsIQ, to rework monetary operations, simplify workflows, and provides the finance workforce better deal with strategic decision-making.

OCN London helps studying suppliers nationwide and registers greater than 40,000 learners a yr. Its small finance workforce beforehand confronted challenges with a legacy system that was clunky, out-of-date, and tied to on-premise servers, which made distant working extraordinarily troublesome. Previous to AccountsIQ, the workforce was underneath strain managing advanced invoicing processes, with learners often switching programs or including models.

Since implementation, AccountsIQ has streamlined invoicing with customisable templates, decreasing handbook work and rushing up monetary processes. Integration with the Energy BI connection offers real-time knowledge feeds, enabling the workforce to publish up-to-date financials, drive KPI visuals for the board, and share info extra transparently throughout the organisation. With routine duties automated, the workforce has extra capability to drive monetary technique and planning.

Damien Devaney, Head of IT at OCN London commented: “We checked out techniques together with Sage, QuickBooks, BlueCube, and Xero, however there didn’t appear to be something between actually fundamental and simply wildly costly. AccountsIQ simply appeared to hit the candy spot for a medium-sized enterprise like us.

Devaney added: “Establishing AccountsIQ was easy and our onboarding specialist made the method very simple. There have been no surprising prices and invoicing is now ten instances simpler than it was. From an IT standpoint, I discover I’m being requested to make things better much less. As a result of it really works, the workforce can deal with extra strategic, forward-looking issues like budgeting and forecasting. AccountsIQ really prices us lower than we used to pay for the licensing help and server prices – so we’re getting extra for much less.”

Darren Cran, CEO at AccountsIQ, added: “By integration with its learner administration system and provision of highly effective reporting by Energy BI, AccountsIQ helps OCN London obtain better effectivity and perception throughout the organisation, permitting its workforce to deal with driving actual academic influence.”

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