For this manufacturer of bespoke lifting systems, extending investment into Opera 3 improves visibility, boosts profitability and supports expansion plans.
Penny Hydraulics, a manufacturer of bespoke lifting systems such as cranes, lifts and platforms, extended their investment in Opera 3 to further streamline processes and support business growth. Having used software from Pegasus for more than 15 years, they currently use Opera 3 with Pegasus XRL reporting. They recently added the Costing and Cashbook applications to improve insight into the profitability of different departments, and to boost cashflow.
Opera 3 provides a common platform for Penny Hydraulics to consolidate and analyse information from across the business. This means that the management team has granular detail on the performance of different products and departments, and by feeding this information into Pegasus XRL reporting for analysis, they can use it to underpin plans and forecasts and make more meaningful decisions.
In addition to core financials, Opera 3 Payroll & HR processes payroll for the company’s 75 employees, and ensures they remain compliant with HMRC rules and processes. According to Ashley Holmes, Financial Director at Penny Hydraulics, the ability of Opera 3 to analyse and present information in a clear, meaningful way is key to their success:
“Supported by Pegasus Partner SBK Computers, Opera 3 has been part of the DNA of Penny Hydraulics for more than 15 years, and as we enter a new phase of growth, we decided to extend our investment by adding a number of additional applications. The Financials combined with Pegasus XRL reporting make production of our management accounts a doddle and ensure we are continuously managing our business proactively rather than retrospectively.”
“Looking ahead, we plan to make more use of the Supply Chain Management functionality within Opera 3 to optimise our inventory and explore opportunities for further cost savings. Opera 3 is an integral part of our business and the insight we gain from it adds an immense amount of value as we pursue our growth plans.”