Cooper Young

‘We’re saving c. 2 days of time or around 14 hours of data entry for every insolvency case.’

Zain Iqbal, Insolvency Practitioner, Cooper Young

About Cooper Young Chartered Accountants & Insolvency Practitioners

A long-established and entrepreneurial business, Cooper Young combine a team of Chartered Accountants to bring over 75 years’ experience to the wide range of services they offer to their clients. They pride themselves on understanding clients’ needs to deliver outstanding results. With over 1000 satisfied clients, they are also a top 25 firm for CVLs.

The problem

For accountants and insolvency practitioners such as Cooper Young, chasing clients or banks for statements, chasing again for the right data and date ranges and then having to conduct a significant manual process to get the data needed in a workable format is a constant issue.

For example, as part of their work Cooper Young are required to undertake detailed bank statement analysis over a considerable period of time. This can be a painful manual process as Zain Iqbal, Insolvency Practitioner at Cooper Young explains:

“Whilst the banks provide us with the information post our appointment as liquidators, the information is either received via post or in pdf emails, which then somebody has to mind-numbingly enter into Excel to allow the investigative work to commence.”

It’s a task that nobody wants and adds considerable time and resource overhead to every case.

The Armalytix solution

Working with Armalytix has allowed Cooper Young to revolutionise their bank data capture, removing days from each case, as Zain explains:

“Armalytix helps us download the information quickly and efficiently, saving us at least 2-3 days of mind-numbing work, as the team no longer have to enter data into Excel.”

It only takes the client a couple of minutes, and importantly Cooper Young also get the exact date range and duration of transaction data that they need. On top of this they get analysis and summarisation of the data to highlight any key points for consideration and all the data output in a format that they can easily use and combine with their existing processes.

Time saved in every case is not the only advantage to Cooper Young, as Zain says:

“It’s saving us money but more importantly it has helped improve team morale as entering bank statements to Excel was one of the most time consuming and morale sapping jobs in the team, which everybody avoided.”

Armalytix has made a significant difference to Cooper Young, improving the day-to-day of their whole team. Zain expresses this best:

“Amazing tool. Incredibly cost effective and helps us save both time and money. We have been recommending it pretty everyone we know!”

Getting client bank data was a pain. With Armalytix, Cooper Young have made it simple.