In the face of aggressive growth, TAC Americas found it increasingly difficult to conduct month-end financial closing and report results to Schneider Electric. On average, an accounting manager spent nearly a day each month orchestrating the financial consolidation process, gathering data from multiple systems in Excel and running the required reports. This cumbersome process failed to give TAC Americas insight into its financial standing on a day-to-day basis.
This case study examines how TAC Americas addressed these problems by implementing a solution that incorporated Microsoft Office PerformancePoint Server 2007. Comprehensive by design, PerformancePoint facilitated financial consolidation, budgeting & forecasting, and analysis for TAC Americas. Streamlining the financial consolidation, budgeting and forecasting processes brought all financial data into a single repository. Now management can view the latest trial balance information daily to see where the company stands. Because business consumers work from the same set of accurate data, employees no longer waste time arguing the numbers. Rather, they spend more time digging into the financial results and making better business decisions across the organization.
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