Case Study: Arix Bioscience achieves streamlined multicurrency consolidation with AccountsIQ

Arix Bioscience Simplifies Consolidation with AccountsIQ

Arix Bioscience, a London-listed life sciences investment group, needed a simpler way to handle multi-currency consolidation, reporting, and scaling as it added new entities. Its existing spreadsheet-heavy process was time-consuming and increasingly complex, especially for consolidated accounts in USD and GBP.

AccountsIQ provided a cloud accounting platform that combined accounting, consolidation, and business intelligence in one system, with integration to tools like AutoEntry and automated approval workflows. The result was streamlined, paperless finance processes, faster month-end close, and significant time savings, including the ability to generate reports at the push of a button and save about half a day on reporting alone.

Arix Bioscience

Marcus Karia

Group Finance Director