Markets are faster than corporate systems
A client, a medium-size company with offices across Switzerland but a worldwide reach, reports performance on a quarterly basis. Revenue and costs in eight currencies are logged into the client’s corporate financial system (ERP), and aggregated and reviewed to produce the Profit and Loss statement and the Balance Sheet for the reporting period. Transactions must also be split and allocated to the company’s product and service lines for monitoring, budgeting, and forecasting. As the company operates in a very dynamic market, this is a fast-changing process that requires great flexibility. However, the pace of implementing changes in the corporate ERP system is much slower than the client’s business environment – with sub-optimal reporting and analysis as a consequence.
The client asks Quantum for support
Quantum designed and implemented a solution that incorporates both the existing financial system data and the client’s business processes and organisation. It is a light, modern add-on to the corporate ERP that provides not only automated reporting, but also flexibility, full transparency and many possibilities for quick execution of ad-hoc analysis on a self-service basis.
Quantum’s solution consists of the creation and configuration of data structures and the installation of a software of choice for self-service creation of reports and quick visual data exploration.
With modern data science, companies catch up with global markets
With a limited cost, the client now has a powerful solution that provides quick, correct and flexible reporting, along with many more analytical capabilities than before.
About Quantum
Quantum is a data science and analytics company, located in the center of Zurich. We help clients to identify their most valuable customers, products, or services; determine potential risks; discover hidden potential in their markets; pinpoint and eliminate bottlenecks and inefficiencies; and provide other insights to steer their business. We do this by combining business experience and knowledge with the application, implementation and teaching of scientific methods of data analysis, data management, reporting and modern visualisation to turn data into information.
Discover what data science can do for you
Learn more about how modern data science can help you and your business or contact us at info@qbis.ch.
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