Client Overview
A group with a catalyst for innovation in Saudi-led industries – pioneering engineering design and supervision, construction management, industry, trading, logistics, support and telecommunications.
Challenges
- The financial reporting and consolidation process relied heavily on manual data aggregation across multiple business units and systems.
- The organization comprises 18 diverse companies, each operating in different industries and using various functional currencies. Due to this complexity, the process of preparing group-wide financial reports and consolidations posed a significant challenge.
- A critical impediment to effective financial consolidation and enterprise-wide reporting was the absence of a centralized data architecture.
- Different charts of accounts across group companies caused complexity in data consolidation, leading to increased manual effort and potential errors.
Our Approach
- Developed a centralized, scalable Enterprise Data Warehouse (EDW) with a uniform data model to consolidate financial and operational data from all group companies.
- Automated multi-currency translations and financial consolidations using Solver to ensure accuracy and consistency across diverse entities.
- Created dynamic, interactive executive and operational dashboards in Power BI, providing real-time insights and enhanced decision-making capabilities.
- Delivered pre-built report templates to streamline reporting processes and enable faster access to actionable insights.
Results & ROI
Our solution delivered measurable impact across operational efficiency, data accessibility, and decision-making speed:
- The centralized Enterprise Data Warehouse (EDW) improved data consistency and accessibility across all entities, reducing data reconciliation efforts by 90% and saving significant time and operational costs.
- Automation of currency translations and consolidations with Solver eliminated manual errors and cut the month-end close cycle by 95%, enabling faster financial reporting.
- Interactive Power BI dashboards delivered real-time insights that enhanced transparency and business agility, resulting in a 90% improvement in operational efficiency.
- Pre-built report templates expedited report generation by 85%, reducing dependency on specialized resources and allowing staff to focus on higher-value tasks.
