Mosman Council is using the MAGIQ Performance strategic financial management suite to deliver sophisticated financial assets and infrastructure reporting to support business decision-making.
Mosman is a metropolitan Council located 8 kilometres north-east of the CBD on Sydney’s lower north shore. Overlooking Sydney Harbour and spread across an area of 8.7 square kilometres, Mosman has a suburban community of just over 30,000 people.
MAGIQ Performance is a highly sophisticated and powerful suite of Strategic Financial Management software including Budgeting, Reporting, Financial and Strategic Planning applications.
The MAGIQ Performance application sits across Mosman Council’s Civica Authority finance system and Assetfinda asset management system to provide a single consolidated reporting view of Council’s assets and infrastructure financial data.
Gary Mills, Chief Financial Officer, Mosman Council believes access to high quality, detailed expenditure and budgetary data is essential to efficiently managing and maintaining Council’s assets.
“Both the finance and the engineering teams need to be able to understand exactly when and where the money is being spent and whether it’s an operational, maintenance, capital or depreciation expense,” said Gary.
“Using MAGIQ Performance, we’ve been able to integrate our financial data with our assets data to provide a detailed view for each expenditure category by Asset Group, Asset Sub-class or by Project; in fact we can report right down to the individual asset if needed.”
“Previously we were exporting the data we needed from each system, and then consolidating the financial data and the asset data back into an MS Excel spreadsheet, which was hours and hours of manual, repetitive data entry,” he said.
“Using MAGIQ Performance, producing our reports is now as simple as pushing a button – and it’s all there, all the information we need in Finance and all the information our Engineering team need as well.”
Gary is enthusiastic about the high quality of support and assistance the team provides.
“The team at MAGIQ are always very helpful and quick to understand the business issue and what we’re trying to achieve. The financial asset reporting we’ve been able to deliver with MAGIQ Performance is nothing short of brilliant!” said Gary.