m-hance, one of the UK’s fastest growing providers of business software solutions, has been named as a finalist in the 2013 British Accountancy Awards. m-hance has been shortlisted in the ‘Software Product of the Year’ category for its pioneering mobile spend management solution, Purchase Management. The winners will be announced at an awards ceremony at The Pavilion at The Tower of London on 20th November 2013 where over 500 senior finance professionals are due to attend.
The British Accountancy Awards acknowledge excellence in the accounting community. A judging panel of leading industry experts were invited to ensure this year’s entries reflected the latest breakthroughs in the accountancy profession, making them the most prestigious awards in their genre. This is the second year running that m-hance has been named as a finalist in the ‘Software Product of the Year’ category. In 2012 the company’s enterprise social networking solution, m-hance Social Business, became the first collaboration application of its kind to reach the final of the British Accountancy Awards.
Mark Thompson, CEO of m-hance comments “Our latest mobile solution has received positive acclaim from finance professionals so we are pleased to reach the final of these respected awards once again. By enabling managers to easily approve requisitions, invoices and expenses ‘on the move’ via smartphones and tablet devices, m-hance Purchase Management provides improved financial visibility and significantly cuts processing costs through replacing inefficient purchasing processes.”
Seamlessly integrated into m-hance’s finance and document management solutions, Purchase Management enables businesses to easily submit and track the approval status of requisitions, purchase invoices and expenses and confirm receipt of goods ordered. The web-based system’s advanced functionality provides the ability to build hierarchies for approvals and to check against budgets, ensuring greater financial control through reduced maverick spending and enhanced visibility of purchasing commitments.
Thompson says, “With expenditure accounting for a significantly large percentage of a company’s turnover, purchasing is one of, if not the most, critical area in an entire business. By replacing standalone systems and spreadsheets, m-hance Purchase Management hands back control to finance professionals by providing powerful financial transparency and reporting analysis while ensuring a fully streamlined purchase-to-pay process to transform productivity.”
Thompson adds, “By eliminating paper and inefficient administrative tasks, Purchase Management also reduces processing costs by up to 80 per cent and provides a quick and measurable return on investment for businesses in six months or less.”
Notes to Editors
About m-hance www.m-hance.com @m_hanceSoftware
m-hance is a UK-based company providing innovative and functionally rich business software solutions to 2400 mid-market sized organisations including Innocent Drinks, RFU, Viridor, Millennium Hotels, Make-A-Wish, Hewden and Endsleigh Insurance. m-hance’s core solutions offering consists of financial management, CRM, enterprise social networking, SharePoint, HR & Payroll, managed services and software development in a variety of vertical markets including distribution, manufacturing, not-for-profit, professional services and infrastructure.
m-hance has been formed following the acquisitions of Calyx Software, Gyrosoft, Trinity Computer Services and elements of MentecPlus, Touchstone Group and Maxima Holdings plc. m-hance is currently supported by 230 staff from offices in Manchester, London, Dublin, Glasgow and the United States. m-hance also has offshore development capabilities in India.
In September 2013, m-hance was ranked in 40th position in the Tech Track 100 league table as one of the fastest-growing private technology companies in Britain after achieving record sales growth of 79 per cent.
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