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Cheltenham Festivals puts Pegasus financial software centre stage
[February 12, 2013]

Cheltenham Festivals puts Pegasus financial software centre stage

Feb 12, 2013 (M2 PRESSWIRE via COMTEX) -- Cheltenham Festivals, one of the leading cultural organisations in the country, has implemented a new financial software system from Pegasus, an award-winning supplier of accounting, business and payroll software. Opera 3 is improving decision making at the organisation by providing easier access to, and analysis of, financial information.

Cheltenham Festivals is a not-for-profit organisation registered both as a charity and as a company limited by guarantee. It is responsible for the annual Cheltenham Jazz, Science, Music and Literature Festivals and also runs extensive education and outreach programmes. The organisation has 50 permanent employees as well as casual workers.

Prior to installing Opera 3, Cheltenham Festivals' finance system was contained within Cheltenham Borough Council as the two organisations are linked. However, this meant that every time Cheltenham Festival wanted to access its data, it would have to do so via the council which was time consuming. Bringing financial management in-house would provide Cheltenham Festivals with greater control over its data so that more informed and timely business decisions can be made.

After assessing the software solutions on the market, Opera 3 was chosen based on the analysis available within the nominal ledger and the comprehensive reporting capabilities. Additionally, Cheltenham Festivals felt that Opera 3 could support its long term growth plans.

Following a smooth implementation, managed by Pegasus partner CSG Computer Services Ltd, Cheltenham Festivals' entire finance system now runs on Opera 3.

Using Pegasus XRL to export data into spreadsheets, monthly management reports are easy to create and clear to read. All bank reconciliations are streamlined and managed through the cashbook function while payroll and HR functions are handled automatically by Opera 3 Payroll.

"As a charity, it's vital that we have a good understanding of our finances and a strong grasp on our budgets," says Aline Imray, finance manager, Cheltenham Festivals. "Opera 3 gives us unprecedented control over our business and is spot on for our requirements. Information can be easily accessed and interpreted, even by non-finance employees. Thanks to Opera 3, and the associated support and training we receive from CSG, not only are we more informed about the business but productivity has increased thanks to the efficiency savings the software brings." Opera 3 is accessed by three members of Cheltenham Festivals' accounts team and one human resources employee.

About Pegasus Software With over 20,000 companies depending on its range of business management systems, Pegasus ( is one of the UK and Irelands leading providers of Financial, CRM, Supply Chain Management, Payroll & HR solutions. Together with business intelligence tools and software for the manufacturing and construction industries, Pegasus prides itself on producing intelligent solutions that deliver the highest levels of functionality to small and medium-sized businesses. Users of Pegasus products are supported by over 80 certified independent experts and business consultants across the UK and Ireland. Pegasus is renowned for excellence in design and flexibility.

About CSG Computer Services Ltd Computer Services Group - Professional IT Services - Business IT Support - Business Software CSG is an established Managed Service Provider of information and communication technology services to businesses, specialising in the supply, installation and support of market-leading software, telephony and IT systems.

Computer Hardware, Software, Training, Support, IP Telephone Systems, Disaster Recovery services, IT Security and all Infrastructures can be delivered as an integrated managed service to your Business.

With more than 25 years' experience, CSG has the knowledge and expertise to identify the right systems to meet the needs and budgets of a business. Using the most up-to-date technologies, CSG helps to transform organisations, whether it is through enhanced customer service, reduced operating costs, super-efficient logistics or improved cash flow.

Media enquiries Nina Wainwright, t: 07884 311310, e: ((M2 Communications disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at on the world wide web. Inquiries to

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