Innovative visualization of financial data to drive higher cost efficiency

Innovative visualization of financial data to drive higher cost efficiency

Innovative visualization of financial data to drive higher cost efficiency

About the Client:

 

Our client is an American multinational food-manufacturing company with over 32,000 employees.

 

Business Challenges:

 

  • Our client wanted to develop standard manufacturing cost financial dashboards that monitor the standard cost for food manufacturing, and what are the drivers for the cost variance
  • It’s difficult to track production cost in each plant, and take time for plant manager to collect, analyze and report data
  • Different finance managers can only communicate through email, but not interactively on the report

 

The Solution:

 

TekLink created an executive financial dashboard with visual representation of financial KPI’s, from higher level at the top and detailed level at the bottom

  • All metrics and units dynamically change with user selection to allow consistency in reporting
  • Developed a dedicated comments dashboard to collect and share business insights and reasoning
  • Intuitive business intelligence reports – With simple click of a button, switch seamlessly between high level overview
  • Product organization – categorize products by name, factory, or SKU for users to easily build custom reports that allows them to perform product analysis and customer search – using filters and search functions, users can easily select or type in keywords to view data for any product
  • Innovative collaboration – Using third party application to input, modify and review comments for individual products
  • Simple but effective user interface – Consistent use of color legends and efficient report layout resulted in an innovative financial dashboard that’s both practical and easy to use

 

Outcome and Benefits:

 

  • Finance managers and plant controllers utilize these finance analytical dashboards to track down the production cost, and gain insights about what’s driving the cost
  • Financial and manufacturing dashboards with better visual representation of data showcase trends and data far more effectively than just numbers on a data crosstab
  • User friendly interface allows quick user adoption
  • Easier process for maintaining dashboards with automated data refresh services using tableau

 

Contact Us to learn more about this experience.

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TekLink