Category Archives: Press Releases

FHL reports revenue increase during year of great change

FHL has major growth plans and is ramping-up headcount

14 May 2018 – FHL Cloud Solutions saw a single digit revenue increase for financial year ending 31 March 2018. This is despite a year of significant change, with FHL becoming part of RSM UK in November 2017. The combined FHL and RSM businesses has formed the largest and leading NetSuite provider across Europe.

With the backing of RSM – a leading audit, tax and consulting firm – FHL is planning to drive revenue growth by 30 per cent (for financial year ending 31 March 2019) and almost double headcount.

‘To sustain revenue growth the same year as being acquired is a phenomenal achievement’, says Andrew Peddie, Managing Director of FHL Cloud Solutions. ‘This proves the resilience and professionalism of the FHL team. With RSM’s support, we’re now in an even stronger position and look forward to fast and sustained growth.’

FHL, which is a 5 star NetSuite solution provider, plans to increase its professional services capacity in order to fulfil the growing support needs of its own clients as well as RSM’s international client base. This will involve an intensive recruitment drive in partnership with Staffordshire University that will see FHL’s headcount substantially increase over the next 12 months.

Peddie says, ‘The professional services team, which provides first-rate implementation, training and ongoing support services, is our largest growth area. We’ll be working in partnership with Staffordshire University to recruit high calibre graduates and apprentices so that we can increase the bandwidth of our team.’

‘Our growth ambitions will undoubtedly consolidate FHL’s position as Europe’s leading cloud solutions provider’, adds Peddie.

RSM UK acquires FHL to become Europe’s largest and leading NetSuite provider

Leading audit, tax and consulting firm RSM UK has acquired FHL, the UK’s leading provider of Oracle NetSuite products, services and solutions.

FHL and RSM’s combined practice will form the largest and leading NetSuite partner and provider, not just in the UK, but across Europe.

FHL’s 54-strong Crewe-based NetSuite capability will complement RSM existing NetSuite offer. The collective team of almost 100 will provide clients with both greater reach through RSM’s UK and global network, and a breadth of skills and capabilities that ensure greater collaboration with the businesses it serves.

David Gwilliam, RSM Chief Operating Officer said:

‘We’re delighted to announce the FHL acquisition and welcome their market leading NetSuite team into the wider RSM family. The prospects for this expanded offering are very exciting indeed. Being the UK and Europe’s largest and leading NetSuite provider significantly strengthens our capability to provide clients with a broader spectrum of business systems services and solutions.’

The new combined operation ensures an enlarged NetSuite business systems service encompassing cloud enterprise resource planning (ERP), CRM and E-commerce.

Andrew Peddie, FHL Managing Director said:

‘This move to integrate with RSM marks a game-changer in our market. For us as a company it presents the next natural step in our growth cycle. This is also about people. The NetSuite technology can’t be effectively deployed without the right people in place to provide the necessary skills. RSM is a great fit, both culturally and in terms of what each side can offer.’

Chris Knowles, lead partner for technology and management consulting at RSM said:

‘Our enhanced market proposition significantly strengthens our own ability to engage with a more diverse client base both large and small, in more locations, and in a greater variety of sectors. It also bolsters and expands Oracle’s growth plans for the NetSuite product itself. For us this isn’t simply a case of capturing greater market share – diversifying our own NetSuite delivery capability is critical in remaining one step ahead of the curve in what is a highly competitive market.

The acquired company will continue to trade as FHL.

https://www.rsmuk.com/news/rsm-uk-acquires-fhl-to-become-europes-largest-and-leading-netsuite-provider 

FHL Joins Forces with Kyriba to Deliver Secure Cloud Treasury Solutions

FHL Customers Now Have Access to Kyriba’s World Leading Treasury Management Solution

 

Kyriba Corp., the global leader in cloud-based treasury, cash and risk management solutions, today announced a channel sales partnership with cloud solutions provider, FHL (www.fhl.co.uk), the leading provider of NetSuite products in Europe and NetSuite’s EMEA Partner of the Year 2017. FHL’s 150+ NetSuite customers now have access to Kyriba’s cloud-based solutions.

Security is a growing issue for treasury and finance professionals, just as accurate cash flow forecasting and the power to make strategic decisions at the CFO level are of high ranking priority, according to a recent benchmark survey from PwC.[1] With Kyriba, FHL now delivers a suite of treasury management solutions to complement its NetSuite portfolio, helping finance professionals to effectively manage cashflow forecasting and operate more strategically in a secure cloud environment.

FHL, a UK-based cloud solutions provider, named NetSuite’s EMEA Solution Provider Partner of the Year on six occasions – offers a range of services to its European clients such as consulting, planning and project management, solutions development and training.

“We are dedicated to providing our customers with ‘best of breed’ cloud solutions and are pleased to join forces with Kyriba,” said Andrew Peddie, Managing Director of FHL. “Kyriba’s world-leading cash management solution adds value to our NetSuite offering, helping organisations improve their cash visibility and better secure their assets.”

Kyriba’s treasury, cash and risk management solutions are delivered 100 percent in the cloud, and seamlessly integrate with NetSuite, providing NetSuite users with enhanced functionality, including strategic cash management, increased payments security, cash forecasting, bank reconciliation and automated financial management processing.

“As a premier NetSuite partner, FHL will be a fantastic advocate of Kyriba in the UK,” said John Campbell, Managing Director of Kyriba in Northern Europe. “As a modular solution, Kyriba’s and now FHL’s clients benefit from the flexibility inherent in our modular, SaaS delivery-model. Customers can maximise the value of their spend by selecting and implementing the modules they require now, and then have the opportunity to add modules as their needs evolve.”


[1] The ‘virtual reality’ of treasury | Global Treasury Benchmark Survey 2017 – PwC

European IT & Software Excellence Awards 2017

WineSuite has made the final in the ‘Vertical Solution of the Year’ category of the European IT and Software Excellence Awards 2017. WineSuite is a state-of-the-art cloud-based solution for the wine industry built by FHL, powered by NetSuite.

The winner will be announced at the Awards Dinner at the Royal Garden Hotel, London on 30 March 2017.

With specialist features including reserves and portfolio management, bonded warehouse management and en primeur sales, WineSuite has been developed to make operating within the wine trade as hassle-free as possible.

Andrew Peddie, Managing Director of FHL said “This award is testament to the first-class team we have at FHL. After seeing a gap in the market for a cloud-based solution specifically tailored for the wine industry, the team took time to fully understand merchants’ complex needs. WineSuite is now THE solution for the wine industry. No other provider can boast as comprehensive, user-friendly, scalable and as powerful a solution.”

Tom Mann, Sales Director from Appellations adds, “WineSuite is completely customisable, we can use it anywhere in the world and it’s perfectly tailored to our needs. It’s simply head and shoulders above every other solution on the market.”

From Sage to NetSuite (in just 8 weeks!)

When Allied Insulators Managing Director Jon Knapper opted for a management buyout, he was faced with a challenge.

Could he find a cloud based software system to run his new venture?

Even if he could, would it be possible to migrate all his business information from Sage without interrupting the business?

Jon had just 8 weeks to accomplish this.

NetSuite solution provider FHL not only achieved this, they delivered:

  • 70% reduction in manual processes
  • 80% reduction in paperwork, filing and data entry
  • 100% cloud based solution

“Thanks to FHL, our day to day operation is extremely smooth” says Jon.

This Reels in Motion video production sums the project up nicely in under 3 minutes.

More videos soon…