New solution brings integrated view of title performance to Candlewick Press, Inc.
US based publisher Candlewick Press is seeing the benefits of a new financial solution from Access Group (Access). Access Dimensions & FocalPoint, which integrates with their Virtusales Biblio3 publishing system, allows Candlewick to view financial data on a title basis, in addition to more traditional operating cost center data views.
Colchester, UK – 23 April 2013 – US based publisher Candlewick Press is seeing the benefits of a new financial solution from Access Group (Access). Access Dimensions & FocalPoint, which integrates with their Virtusales Biblio3 publishing system, allows Candlewick to view financial data on a title basis, in addition to more traditional operating cost center data views. In addition, Dimensions and FocalPoint have provided accounting workflow efficiencies and time savings.
Hilary Berkman, chief financial officer at Candlewick Press, said, “We selected Dimensions & FocalPoint because, in addition to covering all the basics, it was the only system that provided us with the flexible tools to handle the unique publishing requirements for manufacturing costing and work-in-process. Due to the integration with Biblio3 we’re able to attach sales revenues, manufacturing costs, royalty costs, marketing and other spends to specific books. Over time, our new Access software will allow us to build an increasingly rich financial picture of what’s happening with each individual title.”
Candlewick are also benefitting from the automation of previously time consuming manual processes. “We’re seeing a time savings on bank reconciliations, fixed assets where we can post depreciation entries straight from the Dimensions fixed assets module, and an additional savings with US self-assessment tax where entries are done automatically through auto-journals,” continued Hilary.
FocalPoint is now being used to route, review and approve invoices helping with accounts payable bottlenecks and providing digital documentation of multi-stage approvals. “The workload is distributed across the organisation which helps with staff resource, and saves a lot of time on manual processes,” concluded Hilary.
Candlewick’s parent company is Walker Books Ltd of London, with additional offices in Sydney and Auckland. Access Dimensions & FocalPoint, integrated with Virtusales Biblio3, has been used in Candlewick’s office in the US since December 2012, and is also planned to be used at Walker Books other offices. Other Access customers in the publishing sector include Bloomsbury Publishing, Quercus Publishing, and DeAgostini.
For more information on Access, its consultancy and software solutions contact Diana Ellul-Grech on 0845 345 3300 or visit http://www.theaccessgroup.com.
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About Candlewick Press
Candlewick Press, which celebrated its twentieth anniversary in 2012, is an independent, employee-owned publisher based in Somerville, Massachusetts. Candlewick publishes outstanding children’s books for readers of all ages, including books by award-winning authors and illustrators such as M. T. Anderson, Kate DiCamillo, Jon Klassen, Laura Amy Schlitz, and David Ezra Stein; the widely acclaimed Judy Moody, Mercy Watson, and 'Ology series; and favorites such as Guess How Much I Love You, Where's Waldo?, and Maisy. Candlewick's parent company is Walker Books Ltd., of London, with additional offices in Sydney and Auckland. Visit Candlewick online at www.candlewick.com.
About Access:
Access is a leading author of fully integrated business management software. The portfolio spans solutions for ERP, finance, HR, Payroll, warehousing, business intelligence, professional service automation and manufacturing. More than 10,000 UK businesses and not-for-profit organisations use Access solutions to improve their performance, profitability and drive growth, unlocking their business potential through improved business insight.
Vertical focus and industry-specific solutions differentiate Access in the market and templated solutions make for rapid and easy deployments. Using Access software to automate operations, streamline processes and share real-time business information anytime, anywhere, businesses can benefit from significant performance improvements.
Access is one of the top five fastest growing UK software developers in The Sunday Times Buyout Track 100 2012 and featured in last year’s Profit Track 100. On-going commitment to excellence, customers and employees has also placed the company among the UK’s top employers in The Sunday Times’ 100 ‘Best Companies to Work For’ 2011.
In the past 12 months Access has completed seven M&A deals including, thankQ, French BI specialists Prelytis and Delta Software, plus the Access customer base of a number of resellers.
Accreditations and memberships:
- Microsoft Gold Certified Partner
- Institute of Chartered Accountants in England and Wales (ICAEW)
- Business Application Software Developers Association (BASDA)
- Access’ software is recognised by HM Revenue & Customs
Awards:
- Enabler of the Year finalist at the National Business Awards 2012
- Software Product of the Year finalist at the British Accountancy Awards 2012
- ICT in Manufacturing finalist at the Manufacturer of the Year Awards 2012
- Inclusion in The Sunday Times Buyout Track 100 list (47th)
- Inclusion in The Sunday Times Profit Track 100 list (63rd)
- Inclusion in The Sunday Times 100 Best Companies to Work For list for mid-market companies (85th)
- Accountancy Age Award 2010 for ‘Software Package of the Year’
Media information:
Helen Carpenter
Head of Group PR
Access Group
T: +44 (0) 1206 322575 / 07833 936311
F: +44 (0) 1206 322956
E: helen.carpenter@theaccessgroup.com
W: http://www.theaccessgroup.com
Tim Cole
PR Executive
Access Group
T: +44 (0) 1206 322575
F: +44 (0) 1206 322956
E: tim.cole@theaccessgroup.com
W: http://www.theaccessgroup.com
Access.230413.TC.Candlewick
Access is a leading author of fully integrated business management software. The portfolio spans solutions for ERP, finance, HR, Payroll, warehousing, business intelligence, professional service automation and manufacturing. More than 10,000 UK businesses and not-for-profit organisations use Access solutions to improve their performance, profitability and drive growth, unlocking their business potential through improved business insight.
Vertical focus and industry-specific solutions differentiate Access in the market and templated solutions make for rapid and easy deployments. Using Access software to automate operations, streamline processes and share real-time business information anytime, anywhere, businesses can benefit from significant performance improvements.
Access is one of the top five fastest growing UK software developers in The Sunday Times Buyout Track 100 2012 and featured in last year’s Profit Track 100. On-going commitment to excellence, customers and employees has also placed the company among the UK’s top employers in The Sunday Times’ 100 ‘Best Companies to Work For’ 2011.
In the past 12 months Access has completed seven M&A deals including, thankQ, French BI specialists Prelytis and Delta Software, plus the Access customer base of a number of resellers.