Success Story: Property developer Spyre Group builds a better business on a solid foundation

Spyre Group uses Sage Intacct cloud-based ERP solutions to help their growing business further by simplifying and automating financial management and reporting

The company has grown from humble beginnings as a family business into a successful development group with more than $250 million of projects completed in South East Queensland and beyond. Spyre Group services span the entire spectrum of property development including identifying and funding new opportunities, site acquisition, strategic analysis of location, market and demographics, feasibility and risk mitigation, and design and execution of property projects.

“We needed to break down the silos between 14 entities, improve visibility for cost control and reduce the ‘death-by-spreadsheet’ consolidation for monthly or ad hoc reporting.”

Michael Ryall , CFO of Spyre Group

Key outcomes

• Consolidation of 14 entities into one financial management platform, quickly scaling up to 25 entities
• 80% reduction in time spent to prepare consolidated reports for all Group entities
• Improved cost control across entities and projects
• More stakeholders can get more (and better) reports, more often
• Automated processes help save a lot of time so the finance team can work on strategic projects