FINANCIAL VALUE REPORTING FOR FORTUNE 100 INTERNATIONAL SNACKING COMPANY

BUSINESS
NEED

Regulatory and audit reporting accuracy
Timely reports for monthly, quarterly, and annual reviews
Accuracy, especially around multiple versions of the truth, simplified auditing
Multiple source integration
- Chart of accounts (M&A)
- ERPs, EDWs, reports, etc.
Standardized KPI structure across multiple platforms
Foundation for data-driven actions
Reduce cost
Consistent, standardized set of data points

Quality and quantity of required reports delaying business decisions
Reporting 150-page documents across 5 business lines; executives review monthly, 15 days after month-end closing
Multiple ways to factor KPIs from acquisition growth (i.e., 8 ways to calculate GM, multiple CoAs)
8 different ERPs driving inaccurate reporting
Auditing accuracy, timeliness, and cost of execution
Enterprise reactive and unable to make proactive decisions
High cost to manage financial reporting
Lack of data governance and inconsistent data rules and definitions

Reduced dashboard delivery from 360 hours (15 days) to 24 hours, enabling real-time dashboarding as a service (RaaS) for CFO’s office
8 ERPs, multiple CoAs, and 3 EDWs curated into single data lake supporting 127 countries and 100,000 employees
Enabled regulatory reporting, signoff, and decision making, consolidating reporting into 4 dashboards; answering 95% of financial and tax questions
Qualified tax exposure, enabling analysis through dashboarding
Automated and simplified auditing with detailed lineage, reducing time by 18% and consultant’s cost
Standardized metrics and CoAs across the organization, increasing budget to plan accuracy and business understanding to enable proactive decisioning
Annual cost reduction of $2.3M = 12% ROI year 1