Before working with Inspirage, this company’s finance organization used multiple applications to support their budgets and forecasting process. This setup was extremely inefficient and resulted in long processing times for regular events. For example, if the organization wanted to add a new cost center to its environment, it could take several hours to run the initial process. Executing necessary business rules would add several more hours to the total runtime. It was impossible to make planning and reporting changes that would take effect on the same day. Instead, these processes would run overnight and may have been ready the next morning.
That lack of agility, in turn, created data latency, so decision-makers rarely – if ever – had access to real-time information. They were always a step behind because they were working with the previous day’s data. In many cases, this meant business decisions would be delayed until the most recent information was available. Changes to balance sheets and income statements would take a full working day to appear, preventing the company from acting on the latest and most up-to-date reports. Another concern with this slow, inefficient system was that decision-makers could be acting on bad data. Stakeholders might have to wait a day to check the accuracy of reporting data and correct it, if necessary. By that time, decisions could already have been made based on potentially flawed information.
Download Customer Spotlight >>
Fill in to Download!
* fields are mandatory
