AIM listed Mattioli Woods plc (AIM: MTW.L), the fast growing specialist pensions administrator and consultancy is to invest in new time recording and client billing systems, which will allow its business to achieve significant operational efficiencies.
Touchstone Group has been awarded the £125, 000 contract based on its “easy to adopt and use” approach. The project includes the supply of SunSystems for Mattioli Woods’ commission accounting requirements and time@work from systems@work for its time recording and invoicing.
Mattioli Woods employs 95 people, including 13 consultants, and its funds under trusteeship now total over £750 million. The business is primarily fee-based and strong growth means it now administers around 1, 500 pension schemes for clients throughout the UK.
Nathan Imlach, Mattioli Woods’ Finance Director, comments, “Our existing software did not offer sufficient capacity for our projected growth. We chose to work with Touchstone Group, following a detailed tender process, because they clearly understood our business and the potential productivity improvements available to us. The solution which Touchstone Group has designed will give us powerful management information across the entire organisation, and will support our decision making with real-time data. The new systems will also allow us to enhance the information we provide to our clients.”
Adrian McNay, Divisional Managing Director, Touchstone Group, comments, “We have worked closely with Mattioli Woods to tailor a solution to its specific needs, and have built an excellent relationship with the team. We are at the beginning of the implementation stages and very much look forward to guiding Mattioli Woods through each phase of the “go live” process.’
Imlach concludes, ‘We are confident this investment can pay for itself within 12-18 months through a number of efficiency improvements, and expect to achieve these with the assistance of Touchstone Group’s consultants. I very much look forward to the new systems going live and to us continuing the positive relationship with Touchstone.”
About Mattioli Woods plc
Mattioli Woods plc was established in 1991 by Ian Mattioli and Bob Woods. The company provides pensions consultancy and administration services primarily to owner-managers, senior executives and professionals. Mattioli Woods’ key activities include complex pensions consultancy, the provision of self-invested personal pensions (“SIPP”) and small self-administered pension schemes (“SSAS”), advice on related business affairs, including pension investment services and the facilitation and administration of syndicated property schemes. Its focus is at the higher end of the market where clients require bespoke service and specialist advice.
Mattioli Woods listed on the AIM market on 23 November 2005.
About Touchstone Group
Incorporated in 1982, Touchstone Group plc is quoted on the London Stock Exchange AIM market (LSE:TSE).
Touchstone Group provides integrated business software solutions and consultancy services to mid-market & enterprise level organisations to harness the power of technology for business improvement.
Touchstone Group combines an intimate knowledge of its clients’ vertical markets with a strong partner portfolio. Coupled with teams of experts to support the entire integration process, the Group is able to provide a highly professional service, helping each client to find the right technology solution to support its business needs through addressing a broad range of business activities; such as ERP & CRM, corporate performance management, procurement, document and records management, and enterprise resource management (ERM).
From business analysis, solution definition, programme & project management, technology & infrastructure, to development, solution implementation and client support, Touchstone is able to integrate and deliver exactly the right combination of technology components to streamline its clients’ complex business processes and deliver ongoing, incremental change.
Primarily working with companies in the UK, but also supporting many international organisations, Touchstone has over 1, 000 customers of which about 300 are this year involved in fee-based project developments. The organisation is focused upon ten key industry sectors, including Not-for-Profit, Hire & Rental, Wealth Management/Financial Services, Hospitality & Leisure, Energy, High Tech, Media & Publishing, Commodity Trading and Professional Services. Key customer names include: Speedy Hire, PwC, Isle of Man Government, MessageLabs, J D Wetherspoon, Toshiba, and West Yorkshire Police.