Revolutionising Reporting: Insights from Grant Lingwood-Smith, Group Financial Controller at PEXA

PEXA is a world-leading digital exchange and data insights listed proptech business. Since 2014, PEXA has facilitated more than 15 million property settlements through the PEXA Exchange in Australia. PEXA Group Limited is listed on the Australian Stock Exchange and therefore has to produce a lot of corporate reports. We talked to Grant Lingwood-Smit, Group Financial Controller, who manages regulatory, statutory and internal reports.

Addressing Common Reporting Challenges

"In our quest for enhanced financial reporting, we encountered several hurdles—stale information, cumbersome version control, and inconsistent data," shares Grant. These challenges not only impeded efficiency but also compromised data reliability, leading to significant time spent on continuous revisions.

Choosing a Solution

"Our decision to move forward with Tangelo was influenced by someone who had used it at their previous employment," Grant explains. The demonstrations provided a clear vision of the potential impact on our operations, convincing us that Tangelo was the right choice.

Implementation and Support

"The implementation process was impressively smooth. We appreciated the tailored training that addressed our unique needs, allowing for real-time questions and immediate solutions," Grant recalls. The support extended beyond training, with a dedicated Client Manager and a responsive support team ready to tackle any issues swiftly.

Transformative Outcomes

"After implementing Tangelo, the improvements were immediate. Our reports are now live and always relevant, with advanced version control clearing up any confusion about the progress and changes made," says Grant. He highlights the significant controls over user edits that have enhanced data integrity: "Now, any amendments in the system are automatically updated across all reports, ensuring accuracy and saving valuable time."

Results

Reflecting on the transition, Grant emphasises the efficiency and reliability gained: "Tangelo has completely transformed our reporting process. We've cut down on manual interventions, drastically reducing time spent and increasing our confidence in the accuracy and consistency of our reports. We're seeing time savings of more than 25%, which is a game-changer for us."

Grant reflects on the benefits, emphasising, "For any organisation wrestling with reporting challenges, adopting Tangelo could make a significant difference. It's been more than just a tool for us—it's significantly improved our reporting practices, making our processes more efficient and accurate."

Annual Report 2023

View PEXA's Annual Report 2023 right here, that they produced with Tangelo.