Breaking down global barriers with Mosaic
公司规模
200-1,000
地区
- America
- Europe
- Pacific
国家
- Australia
- United Kingdom
- United States
产品
- Mosaic
- Xero
技术栈
- ERP
- Currency Conversion
- Financial Reporting
实施规模
- Enterprise-wide Deployment
影响指标
- Customer Satisfaction
- Digital Expertise
- Productivity Improvements
技术
- 分析与建模 - 预测分析
- 应用基础设施与中间件 - 数据交换与集成
- 平台即服务 (PaaS) - 数据管理平台
适用行业
- 教育
- Software
适用功能
- 商业运营
服务
- 系统集成
- 培训
关于客户
Forage is a company dedicated to tearing down the barriers between potential and opportunity, giving every student an equal chance of discovering and landing their dream job. They are at the forefront of democratizing access to information, education, and financial wellness. The team focuses on creating an even playing field for students to thrive while finding ways to keep their business efficient and in tune with growing demand in multiple markets. Forage operates globally with offices in the United States, UK, and Australia, and their reach and scale require sophisticated financial management tools to maintain efficiency and transparency.
挑战
Forage, a global business with offices in the United States, UK, and Australia, faced challenges in consolidating their global financial insights. They had to maintain multiple versions of the accounting software Xero, creating two separate sets of books and records. Operating in different countries added complexity due to foreign currency conversions, forcing the finance team to spend lengthy cycles downloading, translating, and converting numbers into standard reporting packages. As the team performed deeper analysis into customer revenue, company spend, and profit margins, it became clear they needed a more automated and streamlined reporting structure to centralize their global financial data and accelerate P&L creation. The ultimate goal was to connect the dots between key financial datasets to obtain a more holistic view of their business quickly.
解决方案
Forage leveraged Mosaic’s multi-subsidiary consolidation with built-in currency conversion and eliminations to connect two separate instances of their Xero ERP software. This allowed them to easily analyze global revenue and expenses in one place, automatically. The time savings enabled them to focus on strategizing for growth instead of hours of data collection, manipulation, and conversion. Additionally, Forage partnered with Mosaic’s Customer Success team to implement best practice reporting structures. This enabled the team to view P&L by departments and by subsidiary, saving hours of manual work and increasing visibility across the organization.
运营影响
数量效益
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