Bridgewey Ltd specialises in creating back-office efficiencies for e-commerce companies. Over the past twelve years we have helped consolidators achieve their post-acquisition synergy objectives. Back-office projects have included:
Establishing new finance functions to drive back-office efficiencies
The project involved:
- Establishing new finance functions in Dublin, Malta and London.
- Merging departments.
- Transferring European functions to Asia.
- Outsourcing other activities considered to be non-core.
Result back-office efficiencies achieved:
- Improved financial governance and monitoring of KPIs.
- Enhanced Financial Reporting and Transparency.
- Reduced duplication of effort and the achievement of cost savings.
- Establishment of business partnering capabilities.
- Establishment of centralised cash management and treasury function.
Implementing new cloud and on-premise ERPs for back-office efficiencies
The project involved:
- Assessing the client’s requirements and documenting the workflows.
- Researching the market for systems that met the client’s requirements.
- Carrying out an RFP and selecting the system.
- Implementing the new cloud ERP and on-premise ERP systems solutions.
Result of implementing new cloud and on-premise ERPs:
- Enhanced financial and operational visibility through one-source of truth and real-time reporting.
- The standardisation of processes, procedures and workflows.
- System reliability, less down-time and easy access to backed up data.
- Easy adoption of automation and advanced analytics – future readiness.
- Shorter reporting cycles with enhanced data accuracy.
Creation of PSP (Payment Service Provider) Activities to unlock back-office efficiencies
The project involved:
- Determining and documenting the client’s requirements.
- Evaluating the Payment Service Provider (PSP) options, including fees, currencies, integration complexity.
- Defining the system architecture, map the data flows and define the security.
- Document the PSP accounting processes.
- Implement and configure the relevant components of the system.
- Test and validate the accuracy of payments, data accuracy and response.
- Go-live and Post Go-live monitoring, determining improvements required.
Result of creating PSP Activities:
- Enhanced handling and efficiency of payment processing.
- Expanded payment capabilities through the inclusion of multiple payment channels and multi-currency support.
- Improved customer experiences through enhanced payment security.
- Real-time transaction monitoring, automation of the reconciliation process and a comprehensive audit trail.
As independent, experienced finance directors and business managers, we know the specific challenges of the sector and operate as project managers and change agents focused on back-office efficiencies in the e-commerce sector.
We are very familiar with AIM-listed & PLC companies, their compliance requirements and reporting demands.
