CS Energy
A proudly Queensland-owned and based energy company that provides power to some of our state’s biggest industries and employers.
CS Energy is a Queensland Government-owned energy corporation that was established in 1997. We are a major provider of electricity in Australia with an energy portfolio of more than 3,500 megawatts.
CS Energy employ almost 700 people who live and work in the communities where we operate.
Why Recwise?
CS Energy approached RecWise looking for a cost effective solution that could be used in the business and was straight forward to use.
Whilst many other providers offer various solutions we work on the premise of ‘KISS’. Utilising the process that the customer knows and understands ensure that there is minimal confussion around the process. We simply take the process today and put it in a framework where the customer can rely on.
The added bonus was that instead of being a SaaS model where customers may be dictated to for storage CS Energy could choose the fleixibility of either having the application on their own infrastructure or alternatively on infrastructure they source from external providers directly. This allows for a better understanding of costs associated with the service and also the ability to drive economies of scale from bundling other services together should that be a need in the future.
If there is a need to move to the Microsoft Azure Cloud or Amazon Web Services then they have the flexibility to do so.
The Solution
By replicating the current process that the finance team undertakes it improved the buy in by the finance team and removed some of the workload, with the added visibility around the process for management to oversee the month end close process.
RecWise is a Vanilla solution where we take our cistomer feedback and add it to the product rather than sell an addon service that you may never need or use. Also upgrading is done through a clear communication with customers to ensure that the new features and benefits are utilised as best they can.
Being a simple to use and understand means that RecWise is the solution. With complete cost transparency and no additional add-ons required, meaning you can manage your subscription and ensure there are no hidden charges.
The Outcomes
A typical RecWise install can be managed within two weeks when all the information is available.
We can ensure the process is seemless and perform remote training as we did in this case.
The users session ensures they understand how to perform their Reconciliations and the RecWise Administrator (Super User) training provides the team with the knowledge to customise the solution to the needs of the business.
RecWise provide the transparency required for the month end process as well as adding in the segregation of duties whilst using the templates that are familiar to the users that then ensured the maximum uptake of the solution.
The Results
RecWise met the expectations of the client and delivered the solution withing the agreed timelines.
The visibility around the month end close process has benefited the business and provides a reliable and structured format for auditors and reporting alike.
Allows CS Energy to rely on the month end results when managing both the internal and external audit process.
