Manufacturing, Supply Chain & Logistics
Advanced Analytics
Finance Analytics for Global Leader in Home & Security Solutions
- #1 global distributor of security products with 130+ years in business
- $5.8B in net revenue
Business Need
- Clean automation, increased efficiency and reliability of monthly profitability reporting processes
- Accurate functional data sets to improve analysis and confidence
- Automate and reduce manual intervention
- Reduce financial exposure
- Break down complex legacy workflows to develop a modern solution for monthly profitability reporting
Challenge
- Little to no visibility to profitability data
- Manual processes and overrides to legacy data streams
- Disparate data sources
- Lack of standardized KPIs and definitions
Solution & Results
- Streamlined and improved user experience by delivering a dashboard, data insights, and visual analytics for Profitability Reporting
- Enhanced standardization and established best practice framework
- 30%+ productivity improvement, reducing hours required for finance users to access and report on the actuals from the data
- Delivered (2) functional data sets to report out actual KPI profitability data
- Enabled foundation to support expansion of automated data visibility across other business units