Overview of the Client
Our client is an American Investment Holding Company, and they own one of the largest global producers of aluminum beverage cans. With manufacturing plants in 12 countries, they have built a formidable distribution network.
Business Objectives and Storytelling
- The client sought a solution for efficiently overseeing and enhancing financial performance, with a specific focus on:
- Invoice administration
- Forecasting
- Budgeting
- Year-on-year enhancements
- Their main challenge was the absence of a solution consolidating transactions to compare actual data with multiple planning and budgeting versions.
- Additionally, they required a solution to comprehensively analyze planning and budgeting processes and outputs.
- The organization faced a significant challenge in accurately representing invoice values across different countries.
- Moreover, the organization recognized a data security vulnerability, lacking a robust system for implementing country-specific access controls.
The Solution
- The new solution smoothly integrates data from diverse ERP Systems and shared file repositories.
- The model efficiently encompasses invoice and customer plan data, consolidating information for a comprehensive analysis.
- Various KPIs, including Actuals, Forecasts, Budgets, and Production Data, have been introduced for specialized analysis.
- The solution simplifies complexities, ensuring optimal efficiency for data analysis.
- With currency conversion logic, the solution accurately represents invoice values for different geographical locations, enhancing precision and performance when presenting financial data to the global team.
- Access control is integrated into the solution, ensuring that sensitive information is accessible only to authorized personnel.
Business Outcomes and Benefits
- Efficient Analysis: Removing unnecessary columns streamlines data analysis, making it more effective.
- Faster Decision-Making: The improved model enables quicker access and interpretation of data, leading to faster and more informed decisions.
- Improved Strategy Development: Better comparative analysis offers a comprehensive view of performance, aiding in developing more effective strategies.
- Goal Achievement: Facilitating performance evaluation and goal tracking positions the organization to achieve its strategic objectives and targets, ultimately resulting in improved outcomes.
