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Case Study

Enhancing Operational and Financial KPI Reporting Capabilities

Industry
Team Size
1 Managing Director, 1 Director, 1 Vice President
Project Duration
8 weeks

The Challenge

A leading provider of mission-critical power and energy solutions to the defense, aerospace and medical markets was experiencing challenges with visibility into operational and financial results driven primarily by multiple offline operational data sources across business segments, and limited insights into variance drivers. The new CFO and Sponsor engaged Accordion to enhance reporting capabilities by developing an Operational Data Model with dashboard capabilities to aggregate key operational data into one central repository and serve as the single source of truth and a Monthly Reporting Package focused on key financial and operational data, metrics.

Services

Stakeholder Reporting & Strategic KPI Enhancement

Actionable Business Analytics

FP&A Best Practices Implementation

The Execution

We worked closely with new Finance leadership team (tenure of CFO, Head of FP&A and Controller was less than three months) and key stakeholders to understand financial and operational KPI’s, and reporting requirements. We then worked closely with Company’s Finance, IT and Operations teams to assess existing data capture process, reports currently being produced, reporting granularity and identify areas to enhance reporting capabilities

Operational Data Model:

  • Developed the data format, structure, and content required to populate Operational Data Model
  • Leveraged Microsoft Power Pivot and Power Query capabilities to create a relational database to analyze large datasets from multiple sources
  • Established dashboards for key stakeholders, as well as interactive dashboards with drill down capabilities to address incremental analytical requirements

Monthly Reporting Package:

  • Iterated with stakeholders to develop multiple views on financial and operational metrics that were deemed critical to manage the business
  • Worked with Company’s Finance and IT teams to identify and document data sources, owners, timelines for data availability
  • Established and documented a standardized update process including linkages with in-place CPM tool, Adaptive Insights, to automate the process

The Results

With our assistance, the Company achieved two key objectives, First, an Operational Data Model with interactive dashboard capabilities that serves as a single source of truth for operational KPI’s. Second, a Monthly Reporting Package focused on financial and operational metrics to help key stakeholders understand overall business performance.