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A 160-year Swiss Medical Compression Therapy And Wearables Company Saves 15 Man-Days Every Month

A multinational company with more than 30 production and sales offices across the world sought a robust financial reporting software. This involved streamlining the process of collecting, consolidating, and presenting financial information to facilitate accurate decision-making and analysis.
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Financial-Reporting-System-CaseStudy

Client Overview

Our client is a leading Swiss medical compression therapy and wearable technology manufacturer with a history of over 160 years. Operating in excess of 30 production and sales offices worldwide, they required a centralized system to revolutionize the way financial and sales data were collected, consolidated, and analyzed.

Challenges

  • Manual and Prone to Errors– The Excel based reporting method involved uploading and collating financial information from 15+ offices worldwide; this took over two weeks and was prone to numerous errors.

  • No Real-Time Visibility– The non-consolidated data available did, therefore, diminish the finance department’s ability for making timely and accurate reports that are to be used for strategic decisions.

Solution

  • Centralized Data Entry and Warehouse Integration– Created a safe, web-based data entry, moderation, and consolidation platform—natively integrated with a centralized Data Warehouse as the single point of truth.
  • Interactive Power BI Dashboards– Created live Power BI reports and Excel integrations on top of data cubes, equipping business users with on-demand, multi-dimensional analysis..

Business Impact

  • 15 Man-Days Saved Every Month– Serious reduction in manual reporting time, thereby improving operational efficiency.
  • Live, Up-to-the-Minute Insights– Enabled the leadership to have all the P&L, BS, and CSS reports consolidated for viewing at their fingertips instantly, dropping the 2-week lag time, and speeding up decisions based on data.

GET THE COMPLETE CASE STUDY HERE!

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