实例探究 > Pinnacle Saves 2,000 Hours & Countless Headaches on Annual Audit

Pinnacle Saves 2,000 Hours & Countless Headaches on Annual Audit

公司规模
1,000+
地区
  • America
国家
  • United States
产品
  • Vena
  • Dynamics GP
技术栈
  • Database Integration
  • GL Integration
  • Workflow Automation
实施规模
  • Enterprise-wide Deployment
影响指标
  • Cost Savings
  • Customer Satisfaction
  • Productivity Improvements
技术
  • 应用基础设施与中间件 - 数据交换与集成
  • 应用基础设施与中间件 - 数据可视化
  • 平台即服务 (PaaS) - 数据管理平台
适用行业
  • 农业
适用功能
  • 商业运营
  • 质量保证
服务
  • 软件设计与工程服务
  • 系统集成
关于客户
Pinnacle Agricultural Holdings is a major player in the agricultural retail and wholesale distribution sector, operating across 27 states in the United States. With a revenue of $1.5 billion, Pinnacle serves a wide range of customers, from small farmers to large agricultural enterprises. The company has a robust financial structure and relies heavily on its finance team to manage complex financial processes, including financial close management, account reconciliations, reporting, and audits. Pinnacle's finance team consists of 19 users who were previously using Dynamics GP for their financial planning and analysis (FP&A) needs. However, as the company grew, the existing software could no longer keep up with the increasing demands, leading to inefficiencies and frustrations, particularly during audit seasons.
挑战
Pinnacle’s business and demands on finance were growing too fast for its existing FP&A software to handle. Ad hoc reporting and analyses were too cumbersome for the FP&A team, especially during audit season. Reconciling and re-reconciling accounts across 8 companies made the close process frustrating.
解决方案
Pinnacle implemented Vena’s platform to address their growing financial management needs. Vena’s database and GL integration provided instant access to historical data going back 12-24 months, which was crucial for accurate financial reporting and audits. The platform's workflow automation ensured that all financial close tasks and reports were completed accurately and on time, reducing the manual workload on the FP&A team. Additionally, Vena’s drill-down features allowed accountants and auditors to self-serve and access detailed information behind summary numbers, making the audit process more transparent and efficient. This comprehensive solution not only streamlined Pinnacle’s financial processes but also provided the finance team with the tools they needed to manage their growing business effectively.
运营影响
  • Self-serve reporting and drill-down features helped save Pinnacle 2,000 hours on their annual audit.
  • Data integration cut Pinnacle’s review time in half by ensuring all numbers tied back directly to its GL.
  • Finance executives can walk into meetings with instant access to – and confidence in – the numbers they need.
  • The workflow automation ensured that all financial close tasks and reports were done right and on time, reducing the manual workload on the FP&A team.
  • The integration provided instant access to historical data, which was crucial for accurate financial reporting and audits.
数量效益
  • 2,000 hours saved on annual audit process.

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