30th Jan 2007 12:46
Mattioli Woods PLC30 January 2007 MATTIOLI WOODS TO INCREASE BUSINESS EFFICIENCIES WITH NEW SOFTWARE SYSTEMS - Pensions consultancy expects full ROI within 18 months with Touchstone Group- Press release 30 January 2007 AIM listed Mattioli Woods plc (AIM: MTW.L), the fast growing specialist pensionsadministrator and consultancy is to invest in new time recording and clientbilling systems, which will allow its business to achieve significantoperational efficiencies. Touchstone Group has been awarded the £125,000 contract based on its "easy toadopt and use" approach. The project includes the supply of SunSystems forMattioli Woods' commission accounting requirements and Time@Work for its timerecording and invoicing. Mattioli Woods employs 95 people, including 13 consultants, and its funds undertrusteeship now total over £750 million. The business is primarily fee-basedand strong growth means it now administers around 1,500 pension schemes forclients throughout the UK. Nathan Imlach, Mattioli Woods' Finance Director, comments, "Our existingsoftware did not offer sufficient capacity for our projected growth. We choseto work with Touchstone Group, following a detailed tender process, because theyclearly understood our business and the potential productivity improvementsavailable to us. The solution which Touchstone Group has designed will give uspowerful management information across the entire organisation, and will supportour decision making with real-time data. The new systems will also allow us toenhance the information we provide to our clients." Adrian McNay, Divisional Managing Director, Touchstone Group, comments, "We haveworked 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 beginningof the implementation stages and very much look forward to guiding MattioliWoods through each phase of the "go live" process.' Imlach concludes, 'We are confident this investment can pay for itself within12-18 months through a number of efficiency improvements, and expect to achievethese with the assistance of Touchstone Group's consultants. I very much lookforward to the new systems going live and to us continuing the positiverelationship with Touchstone." About Mattioli Woods plc Mattioli Woods plc was established in 1991 by Ian Mattioli and Bob Woods. Thecompany provides pensions consultancy and administration services primarily toowner-managers, senior executives and professionals. Mattioli Woods' keyactivities include complex pensions consultancy, the provision of self-investedpersonal pensions ("SIPP") and small self-administered pension schemes ("SSAS"),advice on related business affairs, including pension investment services andthe facilitation and administration of syndicated property schemes. Its focusis at the higher end of the market where clients require bespoke service andspecialist 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 StockExchange AIM market (LSE:TSE). Touchstone Group provides integrated business software solutions and consultancyservices to mid-market & enterprise level organisations to harness the power oftechnology for business improvement. Touchstone Group combines an intimate knowledge of its clients' vertical marketswith a strong partner portfolio. Coupled with teams of experts to support theentire integration process, the Group is able to provide a highly professionalservice, helping each client to find the right technology solution to supportits business needs through addressing a broad range of business activities; suchas ERP & CRM, corporate performance management, procurement, document andrecords management, and enterprise resource management (ERM). From business analysis, solution definition, programme & project management,technology & infrastructure, to development, solution implementation and clientsupport, Touchstone is able to integrate and deliver exactly the rightcombination of technology components to streamline its clients' complex businessprocesses and deliver ongoing, incremental change. Primarily working with companies in the UK, but also supporting manyinternational organisations, Touchstone has over 1,000 customers of which about300 are this year involved in fee-based project developments. The organisationis 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. Keycustomer names include: Speedy Hire, PwC, Isle of Man Government, MessageLabs, JD Wetherspoon, Toshiba, and West Yorkshire Police. For further information, please contact: Touchstone Group Natalie Easson Celia Dixon / Jo TimminsTouchstone Group The itpr Partnership+44 (0)207 121 4700 +44 (0) 1932 578800www.touchstone.co.uk [email protected] [email protected] Mattioli Woodsc/o Abchurch CommunicationsLouise Thornhill / Justin Heath+44 (0) 113 203 [email protected] This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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