A Leader in Industrial Thermal Solutions Expands Reporting and Centralizes Data Access With deFacto Power Planning
Overview
This company is a global leader in the design and manufacturer of industrial electric thermal solutions. It has been in business for over 100 years and has a strong track record of innovation.
Challenges
The manufacturer grappled with several challenges in their reporting, planning, and data analysis processes. Their planning process was inefficient, leading to delays and inaccuracies. Data analysis processes relied on a proprietary database, necessitating the creation of additional tables and databases for staging purposes. Additionally, their analytical capabilities for planning were inadequate, limiting their ability to analyze data effectively and make data-driven decisions. Addressing these pain points was essential for enhancing planning efficiency and driving sustainable growth.
dF Solution Statement/Results
To address these issues, finance, HR, and FX solutions were built within deFacto Power Planning.
As part of these solutions, ETL processes were established to enable the manufacturer to have access to the most accurate and up-to-date forecast and financial data efficiently and easily. Through the rest of the solutions, planning capabilities were extended for HR, revenues, and balance sheet data, among other areas. Ad-hoc reporting was also introduced.
These additions and extensions helped the manufacturer to better plan future sales and expenses, which allowed for more informed decisions about pricing, production, and marketing. The comprehensive solutions helped the manufacturer to better understand its financial position and risks, in part by automating data collection & planning from the multiple sources it possesses.
All in all, the features, as part of a data-driven system, ultimately improved their market standing. The cost savings from making the switch to deFacto Power Planning freed up additional cash flow, which the company can potentially use to allocate to other areas of need.