Success at Swedish MultiNational Manufacturer.
Frustrated with Financial Data Inefficiencies.
Swedish MultiNational Manufacturer
Industry: Manufacturing
Data Types Mastered with Profisee
Challenges
Strategy
Outcome
Challenges
FRUSTRATED WITH FINANCIAL DATA inefficiencies
- Finance Team receiving up to 1200 change requests per year from 3 source systems creating operational inefficiencies
- Financial Master Data Hierarchy requests involve single and multiple hierarchy changes
- Manual process using Excel for logging issue requests. Errors were commonplace and became increasingly difficult to track across 25,000 accounts and 50,000 cost centers.
Strategy
CREATE FINANCIAL DATA MANAGEMENT STRATEGY
- Find plug & play MDM solution that works with the in-house technology stack including SAP.
- Select a tool that works with SQL Server but better supports ongoing data management needs.
- Create Financial Master Records that can handle processing multiple change requests and provide detailed audit trail.
- Implement a business/data steward user friendly solution.
Outcome
PROFISEE SUPPORTS STRONG DATA MANAGEMENT Strategy
- Implemented multi-domain, central repository for mastered financial data
- Able to support line of business hierarchy management requirements for Accounts and Cost Centers.
- Established strong enterprise data management foundation;eliminated manual processes within existing systems framework.
- Further expansion planned for additional domains to support Finance.
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