Specialist broker R K Harrison Insurance Brokers said it has invested in new accounting and business management software from PS Financials in order to support its planned expansion.
With insurance rates softening, R K Harrison said it was now looking at managing costs as a way of retaining its profit growth, prompting the need for a new accounting system.
Since completing a management buyout from Hiscox in 1999, the company said it had seen an enormous increase in both sales and profit.
R K Harrison management accountant James Pitter said: “The increased level of automation in the PS Financials system now enables management accounts to be produced much more quickly and accurately, which means that we now have more time to analyse business information within the organisation rather than getting bogged down in number-crunching and bean-counting.”
He added: “The PS Financials system will play a key role in enabling us to gain a much tighter control of costs across the business, whilst the improved level of management information that the system generates will allow more informed decision-making that will support our business growth strategy.”
R K Harrison specialises in estates and farms, historic buildings, high value homes and contents (including fine art) and general commercial insurance for industry and commerce.
