Providing Confidence in Numbers
Company Size
1,000+
Product
- Pyramid Analytics
- Oracle ERP
- JD Edwards
Tech Stack
- BI Analytics Platform
- Data Integration
- ERP System
Implementation Scale
- Enterprise-wide Deployment
Impact Metrics
- Customer Satisfaction
- Digital Expertise
- Productivity Improvements
Technology Category
- Analytics & Modeling - Big Data Analytics
- Application Infrastructure & Middleware - Data Exchange & Integration
- Functional Applications - Enterprise Resource Planning Systems (ERP)
Applicable Industries
- Professional Service
- Software
Applicable Functions
- Business Operation
- Sales & Marketing
Use Cases
- Remote Collaboration
Services
- System Integration
- Training
About The Customer
Voith FRS is a division of Voith, a global engineering company with well over 40,000 employees operating across 50 countries. Voith FRS focuses on providing financial reporting solutions. The company faced challenges in consolidating and reconciling financial reports across various teams, leading to inconsistencies and inefficiencies. To address these issues, Voith FRS sought a solution that would streamline their financial reporting processes and ensure data consistency across the organization.
The Challenge
Traditionally the financial reporting team, central controllers, and site controllers would manually extract all of their accounts data from the Oracle ERP system. Reconciliation and consolidation was done and then aggregated, with any adjustments made directly in Excel. However, this caused validation issues since members of the financial team were not using the same calculations, date ranges, or sales figures.
The Solution
Pyramid brought consistency and confidence, as IT and business users worked together on how the data was displayed. For example, ensuring that everyone was using the same value for something as simple as sales numbers or orders reporting. Consistent data across the division has greatly reduced the support load. And since Pyramid is embedded within the Oracle/JD Edwards interface, there is immediate responsiveness to user needs. This consistency has also led to the ability to deploy Pyramid across any device: desktop, laptop, or mobile device without having to resave or recreate content. All sales teams have mobile devices and can view Pyramid storyboards when on the road. Rich governance capabilities have allowed BI leaders to monitor which users access which data models and at which time.
Operational Impact
Quantitative Benefit
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