Case: Renault Formula 1
Renault Formula One have been users of InterSoftware electronic payment software for many years. They use AzTech BACS-IP to extract data directly from Sage, without and then make all of the postings & allocations back to the Sage Ledgers, Cashbook, and Nominal Bank Accounts.
We spoke to Phil Thompson, the firm’s Management Accountant, to ask him what benefits AzTech BACS electronic payment software has brought to the company:
“AzTech BACS-IPs introduced to replace our previous method of paying Suppliers, which was mainly by lengthy cheque runs. But we have also used it to standardise the payment of subsistence allowances to our travelling Race and Test teams.”
“Having been a user of Sage Enterprise under various versions for over 10 years and an AzTech BACS user since April 2001, I am happy to commend the benefits we have enjoyed through the interaction of these solutions.”
The savings in time and administration have made a great difference to the efficient running of the Finance function. We have also benefited through significantly reduced bank charges.
“The process in Sage Enterprise Accounts Payable and BACS-IP modules is very simple to follow, and the subsequent transfer of payment data to AzTech BACS-IP virtually seamless. Payment runs can be completed in minutes.”