Acterys Success Story

Myhealth Reduces the Time for Building Reporting Model for Xero Data from 5 Days to 1 Day.

Superior Plus Propane Slashes Data Collection & Reporting Time from 5 Days to Just 2 Hours!

Background and Challenges

Key pain points for the organization were extensive preparation times with their spreadsheet-based reporting & planning process from their Sydney based headquarters and 80 clinics across the nation.

Myhealth is using the cloud based Xero system with each of the 80 clinics using a separate Xero company. Before implementing Acterys, the information had to be manually loaded into Excel spreadsheets that had to be integrated for the financial reports.

“Consolidated reports that include everything from the total group results to drill down to the single transaction are now available at a click”

Ferdia Doherty

Financial Manager
Myhealth

Summary

This case study explores how Myhealth overcame complex spreadsheet-based reporting challenges by implementing Acterys Apps for Xero.

Acterys allowed finance teams to benefit from user-friendly interfaces like Power BI and Excel, facilitating tailored reports.

Key Challenges

Struggled with manually integrating data from 80 clinics across Australia using Excel spreadsheets.
Lacked a streamlined financial analysis platform, resulting in inefficiencies.
Myhealth experienced delays and limitations in generating consolidated reports.

Solutions

Acterys automated data consolidation, significantly reducing data integration time and enhancing accuracy.
Cloud-based data model optimized for financial analysis.
Myhealth’s finance department were able to create tailored reports using familiar tools like Power BI and Excel.

Streamlining Financial Reporting and Analysis– Cutting 5 Days to 1

With Acterys Apps for Xero the data from all Myhealth clinics is automatically updated and loaded into a cloud-based data model based on a standard relational database platform.

The model is optimized for financial analysis purposes there is no need to deal with raw API tables or hire expire expensive consultants for preparation. Important features like consolidation of all entities, time intelligence, currency translation as well as automation of manual journals are available out of the box.

Users in the finance department can build the required reports with their existing Power BI and Excel knowledge exactly to their needs.

Outcomes

With Acterys, Myhealth was able to cut down the time for building a model to 1 day(s). Previously it took 5 to prepare the required reports. Users love the ease of entering their numbers combined in conjunction with analytics features and responsive visualizations in Power BI.

Ferdia Doherty at Myhealth commented on the results achieved:

“The front end for the solution is still Excel where we already have knowledge in house, but the data is now updated live from the data model and we avoid the typical menial maintenance tasks allowing us to put our focus on analysis and ensuring that that the strategic targets are met.”

About Myhealth

Headquarters: Sydney, Australia

Employees: <1,000

Locations: 90

Gross Revenue: $10.9M

Australia’s fastest growing medical centre group, providing an exceptional experience for all patients, doctors and staff. A team of GPs, specialists, nurses is focused on quality health care in first-class facilities leading in the area of technology, innovation and development.

Conclusion

Myhealth’s adoption of Acterys Apps for Xero revolutionized their financial reporting process. This transition resulted in significant time savings, enhanced analytical capabilities, and improved overall efficiency, allowing Myhealth to focus on strategic goals and data-driven decision-making.