End-to-end reporting capabilities save 75% time month-on-month for the finance team of an F1000 biopharmaceutical company

Problem

The client’s budget & control division was utilizing multiple datasets from various financial source systems for tracking and reporting budget variance.

  • The data analysis for month-on-month financial reporting involved a manual process that was time-consuming and cumbersome, with recurring and costly delays in critical reports
  • The teams were very comfortable with the existing process and did not want to expend training time and cost to switch to entirely new technology.

The client wanted a solution to ensure that budget variance tracking was up-to-date. It also needed to be easy for the teams to adopt.

Solution

MResult developed and delivered a full-scope BI strategy and solution with end-to-end reporting capabilities that:

  • Was augmented with an extended Centre-of-Excellence (CoE) team to support reporting requirements, so the client's teams could focus on their core function
  • Identified areas for automation and automated data aggregation from various systems to a centralized data mart.
  • Was easy to adopt by internal teams

Impact

The new solution with self-serve features:

01

Defined strategy and laid the foundation for technology for the long-term

02

Improved efficiency and reduced time on report generation by 75%

03

Freed up time allowing client teams to focus on their core function

04

Boosted data quality and availability through automation

05

Enabled insight-driven decision-making with self-serve analytics and actionable and insightful reports.

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