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