deFacto Outranks Every Competitor in BPM Partners Pulse of Performance Management Survey
Casino Entertainment Leader Transforms Revenue Reporting
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The Catalyst
A major casino entertainment company, managing millions of transactions each day, faced significant challenges with its outdated, disconnected reporting environment. Reporting processes were spread across multiple systems, often relying on manual data entry, scanned reports, and Excel-based calculations. This setup consumed valuable time and required significant manpower from both Finance and IT. Leadership identified the urgent need to modernize daily revenue reporting and cost estimations to maintain high service quality and to support continued growth.
Why They Chose deFacto
After evaluating replacement options, the company selected deFacto for its multidimensional capabilities, flexible reporting features, and seamless integration with multiple data sources. DeFacto’s support for drill-down analysis, daily actuals and estimates by property, and automated report publishing stood out as game changers. The ability to store highly detailed line items—down to department, property, and account—eliminated the need for redundant reports and offered centralized control of financial data.
The Transformation
With deFacto, the company achieved:
- Consolidated financial data from multiple general ledgers into a single system
- Automated data loading, locking, and calculation workflows
- Daily Reporting: Streamlined reporting with real-time access to daily data across all properties
- Self-service report generation by users at both the property and corporate levels
- Customized ETLs for secure, structured data flows
- Enhanced cost estimation using business rules and dynamic input schedules
- Implementation of Book Publishing to automate report formatting and distribution
Key Outcomes
Streamlined daily revenue reporting across multiple systems
Replaced Excel-based processes with built-in business logic and automation
Improved cost forecasting using fixed and variable inputs
Enhanced data integrity and submission control with deFacto’s data-locking
Increased analyst productivity and reduced IT burden
Laid groundwork for new models, including a model that handles Corporate Federal and State Tax Provisions and Returns
Looking Ahead
Following the success of their revenue reporting transformation, the company is now expanding its use of deFacto to improve Corporate Tax processes. This new phase aims to bring the same level of control, accuracy, and efficiency to another critical area of financial operations—enabling the company to maintain high performance as it continues its national growth.
See Other Real World Examples
Learn more about how deFacto has helped other companies achieve success by reviewing more of our Case Studies.
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