- British PLC to control finances across 40 subsidiaries in 15 countries with Frango Controller -
The world’s leading operator and manufacturer of automatic photo booths, Photo-me International, has invested in corporate performance management software from Frango to manage its operations within 40 subsidiaries in 15 countries.
A Public Limited Company (PLC) headquartered in Bookham, Surrey, Photo-me has over 25,000 photo booths worldwide and 100 million customers. The company has also moved into a number of high growth markets including the manufacture of photographic development and printing equipment, with a focus on digital technology.
Photo-me has bought and implemented Frango Controller, financial command and control software that is designed to meet the complex consolidation requirements of larger companies. Frango Controller consolidates multiple ledgers, operating units and accounts into a single common chart-of-accounts structure, presenting a single and accurate view of key financial information.
“Our specifications were for a proven corporate performance management solution based on new-generation software with web-based functionality. Frango was selected as it offered the best product to meet the requirements of the Group,” said Jean Luc, Group Finance Director for Photo-me.
Ian Inglis, Managing Director for Frango UK said, “Large, expanding companies like Photo-Me need a functionally rich financial consolidation tool that provides finance executives with a comprehensive view of their company’s performance, no matter how many subsidiaries they have or how many countries they are working across. We designed our software to help the finance directors of major plcs consolidate complex financial reports quickly, easily and in a compliant manner. That our software has been chosen by a company of the size and calibre of Photo-Me is a testament to its ability to deliver on that promise.”
Note to editors
Founded in 1987, Frango is a leading European software company that enables finance and business managers to plan, report, consolidate and analyse business information - a process is generally known as Corporate Performance Management.
Frango’s product range includes:
· Frango Controller – financial command and control software
· Frango Consolidator – consolidation and management reporting
· Frango Advisor – budgeting and planning system
More than 1,300 corporate customers and organisations worldwide rely on Frango to understand their corporate performance and to gain access to timely and relevant information for improved decision-making. In Europe this includes almost a fifth of large corporates1, such as Aegon, IKEA, Alliance UniChem, Scottish Power and Credit Suisse.
The company’s headquarters are in Sweden with offices and distributors throughout Europe, Asia Pacific and the United States. It is listed on the Stockholm Stock Exchange (Stockholmsbörsen) under the symbol FRANG B. More details are available at www.frango.com
1 KPMG Consulting, Fast Close 2002 Survey
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