The Hermitage Shortlisted for the Irish Accountancy Awards
The Hermitage Clinic has been shortlisted for Best Use of Technology in Accountancy and Finance 2020 in the Irish Accountancy Awards.
A leading light in the Irish medical sector, The Hermitage Medical Clinic, partnered with Storm Technology to transform their financial processes, embarking on a modernisation project that would not only streamline reporting and consolidation processes but deliver enhanced transparency across campus.
Hermitage's challenge was to find a way to understand and share their existing data in an efficient way. Storm Technology implemented the Solver solution to maximise the value add of their existing ERP platform. This transformed complex data sets into report ready formats delivering significant time savings across their practice.
Today, they are equipped with a modernised financial planning system which allows the finance team to leverage their analytical expertise and optimise their financial planning.
"Before we introduced Solver, the consolidation and financial reporting process accounted for 15 days, or three quarters of our monthly reporting cycle, with the final 5 days spent preparing the reports for the management pack. Today this entire process takes just 5 days"- Mary McHugh, Commercial Finance Manager, The Hermitage Clinic
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