A Mining, Manufacturing, Industrial Machinery & Equipment Company

Revenue: USD 80 Million
PROBLEM
  • Manual and time-consuming process of Budgeting and Forecast preparation for multiple group entities
  • Difficulty in unifying actuals data for financial closing and reporting
  • Broken linkages between Financial Reports due to data mismatch causing issues with Planning, Management reporting as well as statutory reporting
SOLUTION
  • Clear process of accumulating business segment wise and entity wise data in unified format
  • Data integration scripts to map all necessary data to appropriate reporting line items
  • Connecting Profit and Loss, Balance Sheet and Cashflow models for all versions across planning cycles.
  • Creating simulations for cost allocations
RESULTS
  • Higher data integrity and more trustworthy plan and reports
  • Efficient planning by teams
  • Reduced dependency on IT for data preparation for budgeting, planning, forecasting process