Penny Hydraulics lifts growth with Pegasus Software

MESL MicrowavePegasus Software has announced that Penny Hydraulics, a manufacturer of bespoke lifting systems such as cranes, lifts and platforms, has extended its investment in Opera 3 to further streamline processes and support business growth. Having used software from Pegasus for more than 15 years, the manufacturer currently uses Opera 3 with Pegasus XRL reporting. They recently added the Costings and Cashbook applications to improve insight into the profitability of different departments, and to boost cash flow.

Through using Pegasus Software’s integrated Opera 3 solution, Penny Hydraulics has a common platform 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 through feeding this information into Pegasus XRL reporting, its information can be used to underpin plans and forecasts and make more meaningful decisions on running the business.

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In addition to core financials, Opera 3 Payroll & HR processes payroll for the company’s 75 employees, and supports HMRC initiatives such as RTI and auto enrolment. According to Ashley Holmes, Financial Director at Penny Hydraulics, Opera 3’s user friendliness and ability to analyse and present information in a clear, meaningful way is key to its 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 in the solution through 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.

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“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.”

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