FINANCIAL VALUE REPORTING FOR FORTUNE 100 INTERNATIONAL SNACKING COMPANY

  • $25.5 billion in revenue
  • $65 billion in assets
  • 100,000 global employees in 127 countries across 6 continents

BUSINESS
NEED

  • Timely reports for monthly, quarterly, and annual reviews
  • Increase report accuracy
  • Integrate multiple ERPs into one EDW
  • Standardize KPI structure across multiple platforms
  • Establish foundation for data-driven actions
  • Reduce cost of securing data

CHALLENGE

  • Quantity of required reports delaying business decisions
  • Reporting consolidated into 150-page document; executives review monthly, 15 days after month-end closing
  • Multiple ways to factor KPIs due to growth by acquisition (i.e., 8 ways to calculate GM)
  • 8 different ERPs driving inaccurate reporting
  • Enterprise reactive and unable to make proactive decisions
  • High cost to manage financial reporting

SOLUTION
& RESULTS

  • Improved availability from 15 days to 24 hours, enabling real-time reporting as a service (RaaS) for CFO’s office
  • Merged 8 ERPs and 3 EDWs into single data lake supporting 127 countries and 100,000 employees
  • Consolidated 150 pages into 4 dashboards; main dashboard answers 95% of questions
  • Standardized metrics across the organization, increasing accuracy and business understanding to enable proactive decisioning
  • Annual cost reduction of $2.3M