Enhanced Reporting with Analytical Blend
The primary objective of this project was to automate key financial processes and gain insight into real-time data. We opted for a co-development model, with Vima Foods and Spaulding Ridge working as a team to cover two time zones, Europe and Latin America. Our goal was to build the Minimum Viable Solution that would serve as the basis for modeling next use cases with the help of OneStream’s Extensible Dimensionality® feature.
Another primary requirement was maximizing data visibility with granular access controls, so that decision-making across the company could be backed by accurate and timely information. Vima Foods needed to know at all times who, what, when, where, and why of each key concept, be it sales, purchases, expenses, margin, management ratios, inventory, or KPIs. The Analytical Blend functionality allows the company to gain insight into Operating Expenses and Income by integrating different dimensions and detail into their data model, which in turn enables Vima Foods to measure profitability of each action and have confidence in the numbers.
In a question of months, we were able to:
- Automate key financial processes
- Develop a Single Source of Truth (SSOT)
- Gain visibility into real-time data
- Provide direct integration with Libra ERP
- Eradicate bottlenecks cause by manual spreadsheet monitoring
- Enrich visualization with drill-in capabilities from accounting to management
Vima Foods can now access all of their financial data in a few clicks, with the ability to navigate from a global view to the transactional level. Key financial processes are less time-consuming, more reliable, and efficient overall. Rich, agile dashboards for Product and Customer data analytics are a big improvement over QlikView’s fixed reports that the company used previously, which translates into faster and better-informed decisions. Using Marketplace solutions, Vima Foods is planning to extend their new CPM platform to include FP&A or Consolidation models in the future.