A Dammam based company having their businesses across various geographical location in Scientific and Medical equipment manufacturing, Building material manufacturing and also dealing in Industrial supply chain products
Key Business Challenge
- Business spread across multiple geographical locations and hence difficult to handle financial consolidation from a central place.
- All reports are generated manually which causes element of doubt for human errors
- Planning of all the business areas are through manual process & difficult to forecast sales for each line of business
What Daffodils did as a part of BPC Implementation
- Installation of SAP BPC net weaver product on Development and Production Systems
- Data reporting in a single instance by consolidating all line of businesses
- 35+ Reports generation to have the birds’ eye view on company’s financial position
- Planning report generation to keep watch on which business providing more throughput and to forecast the future growth
- Reduction in Manual efforts for generation of reports avoiding human errors
- Centralized, Automated, Efficient and effective financial planning and Consolidation which helps validation of financial data very easy and quickly
- It provides industry best practice approach for legal consolidation on different set of data using different accounting principles.
- It provides accurate consolidation process with the ability to perform checks and balances along each steps.
- Analyze the data used from different sources to ensure that the data is valid and reliable.