Bristol Sport enhances finance operations with Xledger cloud

Bristol Sport has announced the successful deployment of Xledger UK's automated cloud finance solution aimed at enhancing efficiency through automation, insight, and scalability across its diverse financial operations.

The sporting conglomerate, which comprises five professional sports teams in football, rugby, and basketball, faced a unique set of challenges in its finance department. These challenges included consolidating financial data from Ashton Gate Stadium and its multiple clubs and managing the revenue and costs associated with its frequent concerts and large-scale events.

In their search for a strategic partner to assist in their financial transformation, Bristol Sport identified Bristol-based Xledger UK as a natural choice. Known for its ability to provide real-time data access for timely and insightful business decisions, Xledger UK was already a well-aligned partner with shared values and a strong existing relationship with Bristol Sport.

Alistair Deswert, Group Financial Controller at Bristol Sport, commented on the partnership, stating, "We really benefited from Xledger's consultative approach during our transition. The fact that they're Bristol-based and all accountants means they speak our language and they really understand our pain points. We've also found that they're a really great cultural fit for our team."

One of the key advantages of Xledger's system is its scalability. As Bristol Sport continues to grow, Xledger will provide the necessary financial infrastructure to support this growth. Deswert added, "We know there's still a lot more we can be doing with Xledger. As we continue to grow, we want to be putting our budgets online so we become fully automated from a reporting point of view. We also want to be exploring dashboards and how we can really turn some of our management information into more of a broad reporting pack and bring the information to life."

Xledger's extensive experience and refined digital transformation process, developed over nearly two decades, have established the company as a leader in the mid-market sector. With over 10,000 customers across 60 countries, Xledger has tailored its services to meet its clients' increasingly complex requirements.

Peter Hucker, CEO of Xledger UK, remarked, "The prospect of changing finance systems can be an incredibly daunting task for organisations. We look to provide customers with a level of incomparable service alongside a progressive finance system designed to meet increasingly complex requirements over time."

Hucker further emphasised the importance of their existing relationship with Bristol Sport, noting, "With our existing relationship with Bristol Sport, the team had a good prior knowledge of the finance team's ambitions and the areas the Xledger software could revolutionise. Despite the many moving parts within its finance function, we've been successful in digitising and simplifying the sporting group's financial processes. We're excited to continue our partnership going forward, and empowering Bristol Sport as it continues its growth journey."