Technologies Used
The client is a private product enterprise known for its diverse portfolio of well-known brands that promote healthy eating by offering high-quality products. Valued at $5 billion, the company has experienced rapid expansion, establishing itself as one of the USA's fastest-growing consumer packaged goods (CPG) entities
The client, having acquired diverse brands, faced financial management challenges post-acquisition. Using five separate financial applications caused inefficiencies, hindering tasks such as invoice tracking and comprehensive financial reporting. Additionally, the client sought an integrated solution for improved business visibility. They aimed to unify data analytics solutions and cloud integration solutions to establish an all-encompassing business intelligence system. The transformation aimed to enhance resource allocation and investment decisions
Challenges
Difficult to manage diverse financials with the use of multiple applications after acquisitions, leading to complexity
Lack of Integrated data analytics for management, causing missed opportunities and suboptimal business decisions
Poor data quality, integration, and analytics implementation causing inaccurate general ledger reporting and compliance risks
Solution
Utilized Informatica data integration solution for diverse financial data, improving data integration efficiency
Implemented Power BI for better data analytics for 70+ KPIs, including financial statements, enabling enhanced decision-making
Supported general ledger reporting and streamlined the P2P process, resulting in increased operational efficiency
Challenges
Difficult to manage diverse financials with the use of multiple applications after acquisitions, leading to complexity
Lack of Integrated analytics for management, causing missed opportunities and suboptimal business decisions
Poor data quality, integration, and analytics implementation causing inaccurate general ledger reporting and compliance risks
Solution
Utilized Informatica data integration solution for diverse financial data, improving data integration efficiency
Implemented Power BI for better data analytics for 70+ KPIs, including financial statements, enabling enhanced decision-making
Supported general ledger reporting and streamlined the P2P process, resulting in increased operational efficiency
Business Impact
Swift Strategic and Operational Insights
Utilized real-time, impactful visualizations in this Power BI case study to fuel consistent data. It enabled senior executives to make strategic decisions and seize market opportunities swiftly
Efficient Financial Operations
Improved the finance teams’ efficiency in closing internal and external financial statements. Streamlined the process through data integration solutions from diverse business units, ensuring accuracy and speed
Enhancements without Business Disruption
Enabled access to essential information and reports through Power BI for executives without changing individual business unit analytics or disrupting existing processes
Why Kanerika?
Kanerika is a premier provider of data-driven software solutions and services that facilitate digital transformation. Specializing in Data Integration, Analytics, AI/ML, and Cloud Management, Kanerika prides itself on its expertise in employing cutting-edge technologies and agile methodologies to ensure exceptional outcomes. With a proven track record across various industries, Kanerika maintains rigorous quality standards, backed by ISO 27701 certification, SOC II, and GDPR compliance. As a distinguished partner of Microsoft, AWS, and Informatica, Kanerika’s commitment to innovation and strong partnerships positions it at the forefront of empowering businesses for their growth.
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