You are leaving our main website to go to our chinese website hosted in China. For legal reasons there will not be any links pointing back to the main website.
One of the biggest challenges that finance departments in large enterprises face, lies in the amount of time senior staff spend on creating manual reports when using Excel. It is well known that this manual approach is complex and time consuming. This was the challenge faced by facilities management company, IFS (International Facilities Services), which found that its management accounts preparation process required the manual intervention by senior finance department resources.
IFS is multinational organisation with advanced reporting requirements due to the multiple locations and currencies in which it consolidates its results. Their legacy Excel-based solution used for the preparation of their management accounts was manual, taking up to half a day to prepare each regional reporting pack, and an additional two days to prepare the consolidation. As a strategic initiative, IFS identified the need to reduce the reporting cycle to better facilitate strategic decision making by management. Furthermore, they wanted to enhance the control environment through the accuracy of management reporting.
To fulfil these needs, IFS sought a more agile solution that would easily respond to changes in the business. They engaged Keyrus South Africa to identify and implement a tool to automate the reporting requirements and provide a robust and automated financial reporting solution.
Keyrus promotes the latest trends in budgeting and forecasting with a focus on providing board level members with the most relevant insights and therefore recommended BI360 solution as the optimal tool to address IFS’s reporting requirements whilst retaining the benefits provided by Excel. The solution was demonstrated to the IFS Finance and IT teams who were impressed by the tools reporting functionality and potential for deployment into other functional areas such as budgeting.
During the first phase of the implementation, the BI360 tool was utilised as a means of automating the Excel reporting requirements for the IFS finance department. Beyond merely automating Excel, Solver’s BI360 additionally provided the client with a data warehouse that will deliver the required data management capability, while at the same time offering the solid governance that the organisation requires.
It was agreed to keep the front end of the solution as Excel, as this is a tool which remains flexible and with which the client's finance teams were intimately familiar. IFS was also offered the option of a fully cloud-based solution, but based on limited availability of bandwidth in some of the operation locations decided to implement an on-premise solution instead.
Naturally, the speed of reporting has been significantly improved with the implementation of BI360, with the client indicating that report creation has been reduced from half a day to just 10 minutes per management accounts reporting pack. Time taken to consolidate the results was reduced from 2 days to 10 minutes, making it possible to now craft reports in near real-time. This is just one among several critical improvements that IFS Africa has experienced.
The solution has helped the business to improve its data governance. Data accuracy, integrity and efficiency is enhanced, as data is pulled live into the BI360 data warehouse from their SAP B1 ERP system. Lastly, dealing with multi-currency and multi-entity operations is catered for, thanks to the ability to tailor and customise reporting logic.
Sally Brennan, Financial Manager at IFS is particularly enthused about the near real-time reporting the new solution offers. “The successful implementation of BI360 by Keyrus has been a genuine game changer for us,” she says. She added that BI360’s ease of use and the ability of staff to learn the product were - and continue to be – strong selling points. “Thanks to the provision of an Excel-based template design, our staff have become proficient with regard to writing and running reports in a very short amount of time,” she concludes.
“Keyrus has a dedicated and professional team consisting of chartered accountants and technology experts, all of whom have a strong track record in finance, cost transparency and budgeting across a range of sectors,” states Greg Guye CEO at Keyrus South Africa. “This positioned our team perfectly to deliver the BI360 solution to IFS, meeting their reporting cycle and strategic decision making requirements,” he adds.
Stay updated on the latest articles, events, and more
Your email address is only used to send you the Keyrus newsletter and for commercial prospecting purposes. You can use the link in our emails to opt-out at any time. Learn more about the management of your data and your rights.
Keyrus assisted with a rapid, accurate, visible shipping date information system that makes for faster and better-informed customer decision-making.
Keyrus has become a systems integration and consulting partner for Gartner-recognised, Pyramid Analytics in Southern Africa. This partnership will enable Keyrus's customers to benefit from this unique augmented analytics platform for decision intelligence and accelerate growth for Pyramid Analytics in Africa
In this age, it is absolutely essential to collect data but even more important is to use it effectively to the organisations’ full advantage - to make data matter.
The BI landscape is continually evolving, and rapidly too. The transition from IT-driven BI delivery to self-service analytics continues at pace and is now enhanced by the latest major trend of embedded analytics. The BI environment is no longer something separate from line of business systems. BI and advanced analytics are now being embedded within core operational systems with tangible benefits, says Adam Walker, General Manager at Keyrus South Africa.
Keyrus is Tableau Embedded Specialist Partner in Africa and MEA region, recognising our expertise in promoting and implementing Tableau’s embedded BI solution.
Keyrus assists the Kwaden Investments Group to revolutionise its clients’ business landscape and transform their organisations. In the modern information age, data should be considered a precious corporate resource. However, it is only beneficial when coupled with the ability to derive deep insights from the available information by using analytics to provide focused details around business areas such as sales, stock and financial performance.
Stephen Coull, Sales Director at Keyrus South Africa conducts a captivating interview with a business-technology celebrity Aki Anastasiou discussing key contributors to Keyrus’s success, our unique partnership with Tableau, embedded analytics being the future of BI, and the importance of humanizing data.
South Africa’s leading data and technology consultancy Keyrus has achieved Premier Reseller Partner status in the Tableau Partner Network, becoming the only Premier Tableau reseller in South Africa and also on the African continent.
A leading national supply chain specialist now benefits from vastly improved visibility and immediate access to information via self-service following a sophisticated cloud-powered analytics solution delivered by Keyrus.
Following this implementation, TFG is benefitting from insights into the costs of delivering IT and services to the group, as well as the ability to accurately assign costs to users of IT services. For the first time, IT is able to properly explain these chargebacks with accurate, detailed reports.