A global, privately held company that creates and distributes beauty products and personal care accessories was looking for a BI solution to monitor financial KPIs and put executive dashboards and reporting in place for enabling faster decision making and future planning. The existing reporting system they had in place was time consuming and the business experienced issues with the consistency of data and duplication of effort.

We were asked to assist with improving the flow of information and insights to the organization’s C-level executives.

Meeting the company’s financial reporting requirement was challenging, time consuming and labor intensive for the finance team of this wholesale retailer. Monthly close would take up to couple of weeks. This involved manual manipulation and consolidation of data from various sources. The company ERP system lacked built-in financial tools as general ledger and associated financial data. Consolidating the numbers at brand level and reporting the variance with respect to Budget and Forecast had been a huge challenge for the client.