In today's fast-paced business world, accurate and efficient financial planning and analysis (FP&A) is crucial for success. IMC Pan Asia Alliance, a Singapore-based multi-national conglomerate with over 9,000 employees across 15 countries, faced the challenge of complex and inaccurate reporting due to their extensive reporting requirements and numerous legal entities worldwide.
However, by implementing Jedox's innovative #FPA solution, IMC Pan Asia Alliance has revolutionized their reporting process, achieving consolidated reporting three times faster and establishing a single source of truth for their financial data.
Before adopting Jedox, IMC Pan Asia Alliance's finance team struggled with time-consuming and frustrating manual tasks, such as consolidating, aggregating, and translating raw data through countless Excel formulas. This complexity led to inconsistencies and inaccuracies in reporting, hindering the finance team from focusing on meaningful analysis. #FinancialReporting #DataConsolidation
Jedox's solution provided IMC Pan Asia Alliance with a comprehensive platform that integrates ERP, financial, operational, human resources, and ESG data into a single system. The compatibility with Excel and the self-service capabilities empowered IMC's finance team to write and standardize reporting formulas, ensuring accurate, consistent, and reliable reporting across the entire organization. #DataIntegration #SelfServiceReporting
With Jedox, IMC Pan Asia Alliance eliminated manual processes and duplicate reporting, allowing stakeholders to access real-time information through easy-to-use dashboards. The ability to filter, pivot, and drill down into data sources and calculations has significantly improved data quality and transparency. Moreover, the Jedox mobile app enables stakeholders to access their information even when away from their computers, enhancing flexibility and accessibility. #RealTimeReporting #DataAccessibility
Alison Gao, Finance Business Partner at IMC Pan Asia Alliance, described the implementation of Jedox as a "game-changer" and praised Jedox's implementation team for their IT expertise and financial background, which facilitated a smooth and hassle-free transition. #ImplementationExcellence
Since switching to Jedox, IMC Pan Asia Alliance has experienced a two to three times faster planning and reporting process, fostering better relationships throughout the organization. The increased accuracy, reliability, and flexibility of the data have led to more meaningful discussions and analysis, rather than time-consuming ad hoc requests for information. #EfficiencyBoost #ImprovedCollaboration
In conclusion, IMC Pan Asia Alliance's success story demonstrates the transformative power of Jedox's #FPA solution in streamlining financial reporting processes, enhancing data accuracy, and enabling better decision-making. As Alison Gao recommends, finance professionals still relying on manual Excel reports should consider trying Jedox to save time and ensure the accuracy and reliability of their reports. #JedoxSuccess #FPATransformation
Transform your business. Transform your future.
Business transformation starts here
Smart Union transforms businesses with insightful planning, budgeting, reporting and analysis. We deliver transformative FP&A solutions to drive growth.
We empower managers to align operations with strategy using the latest planning and analytics solutions. This drives collaboration, insight, and adaptability across teams.
We leverage strong technical capabilities and a deep understanding of our clients’ business environment to create a robust framework for assessing and managing performance toward clear objectives.
We create robust performance management frameworks, leveraging deep business insight and strong technical capabilities. This allows clients to effectively assess and manage objectives.
We partner bold leaders. Transforming business through insight and technology. Transforming the future.