A bit about Superloop
Superloop is a leading provider of connectivity services for homes, businesses, and wholesale across the Asia Pacific region. They own and operate over 894 kms of carrier-grade metropolitan fibre networks in Australia, Singapore, and Hong Kong and connect more than 390 of the region’s key data centres and commercial buildings.
Experiencing growing levels of complexity
Following a string of acquisitions in recent years, Superloop had accumulated as many as 21 entities across 3 different accounting packages. Aware of the complexities of working with 10 different finance and purchasing systems and more than 30 unique bank accounts, Superloop approached KPMG to help and chose Wiise – a cloud-based ERP – to help consolidate parts of their business.
Streamlining operations by consolidating more than 20 entities
For multi-entity organisations with several moving parts, being able to see the complete picture is critical. Using Wiise, Superloop were able to consolidate 21 different companies into just five, allowing them to significantly reduce the time that would otherwise be spent communicating between the many companies.
The team at Superloop say that having a centralised repository like Wiise has enabled them to drill down on the required information more diligently, while the end-to-end view of their rapidly growing business has helped them manage their cash flow better.
Time spent on reporting down from 2 weeks to just 4 days
Working with multiple accounting systems mean that finance teams end up spending days re-keying information across instances. Superloop have benefitted from Wiise features such as bank reconciliation and fixed asset register and have successfully shrunk their financial reporting timeframes from two weeks to just four days – which is a real testament to the product’s out of the box functionality.