Case Study: Freight Investor Services achieves global accounting standardization with AccountsIQ

Freight Investor Services uses AccountsIQ to meet its complex global accounting needs

Freight Investor Services (FIS), a leading global brokerage in freight and commodities, needed to standardise its accounting software across 10 entities spread across the US, UK, UAE, India, Singapore and China. With different systems in use previously, including Sun Systems in the UK and UAE, the finance team struggled to produce consistent group-level reporting and manage complex accounting requirements. AccountsIQ was selected to support their multi-entity, international finance operation.

AccountsIQ implemented a cloud accounting platform with multi-dimension business intelligence, giving FIS detailed analysis across employees, brokers, offices, departments and customers. The solution was integrated with FIS’s in-house sales system and is being extended to Zoho expenses, helping the business track commissions, costs and profits more precisely and support regulatory compliance. FIS now uses over 4,000 BI codes and reports that the system is easy to use, flexible and well supported by AccountsIQ, with plans to save further processing time through AP Inbox Invoice Automation.

Freight Investor Services

Man Li

Head of Finance