The Perich Group of Companies is an Australian-owned family office that operates a number of businesses across various sectors. The organisation has agricultural businesses in dairy, cropping and cattle, and is invested in some of Australia’s best known and loved food and beverage brands. Perich Group also owns, manages and develops property projects including residential, commercial, industrial and shopping centres.
From humble beginnings running dairy operations in western Sydney, the Perich Group of Companies has grown over the past 50 years to become a large and successful family office. The organisation has a number of different operating divisions and entities including property management and development, with significant and diversified agricultural operations.
As the organisation has grown and evolved over the decades, the complexity of managing multiple entities in different industries has increased. By implementing Sage Intacct, the accounting and finance team at Perich Group has welcomed a new era of operational efficiency and consolidated reporting.
Consolidation of multiple systems into one fit-for-purpose cloud-native platform that delivers out-of-the-box functionality
Suitable for entities across multiple industries and sectors, with efficient consolidation to a group level
Partner-led implementation completed in just four months
Bi-directional integration with Re-Leased to streamline property management operations and finance
Sage Marketplace provides integrated asset management and payroll solutions
Significant time savings processing hundreds of accounts receivable and accounts payable invoices every month
More accurate and insightful monthly management reports delivered in around 1 day (compared to previous one week or so)
Sage Partner Leverage Technologies, who have worked with Perich Group for many years, recommended the implementation of Sage Intacct to meet the financial management requirements of the property team. While Sage Intacct was considered initially for its seamless integration with Re-Leased, it was also perfectly suited for all entities within the Perich Group, and the group finance team.
Like many long-established businesses, most of the entities within the Perich Group were running legacy systems and applications, including custom spreadsheets, that had adequately served industry verticals such as dairy, cropping and cattle for many years.
While the dairy and agricultural businesses adopted Sage X3 more recently, the property management and property development businesses were looking for a new technology solution. At the same time, the group finance team needed to consolidate various legacy accounting systems to provide a more consistent and consolidated view of finances across the group.
With large landholdings in and around Sydney, and as land use and zoning evolved to meet the demands of a growing global city, Perich Group diversified into property management, and later property development. Diverse property holdings include commercial, industrial and shopping centres, with emerging greenfield residential development opportunities.
To meet the needs of the property team, a standalone accounting system was implemented alongside specialist commercial property management software Re-Leased.
Perich Group implemented Re-Leased to improve the operations and financial management of their burgeoning property management business. This specialist commercial property management software centralises critical lease, tenant and property data into a single, cloud-based platform.
Re-Leased helps property owners, investors and managers to keep track of key events and milestones such as rent reviews, lease renewals, lease expiration, along with reminders for inspections, maintenance and compliance tasks. The software also provides insights into the performance of a property portfolio, and importantly in the case of Perich Group, it offers bi-directional integration with Sage Intacct.
Ryan Murphy,
Finance Manager of Property Development,
Greenfield Development Company, A Perich Group Company
