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Accelerating Financial Reporting with a Finance Data Product
- Practice
- Team
2-10 consultants
- Technical environment
CHALLENGES
Facing tight deadlines and fragmented data, Danone's finance team needed a more agile approach.
- Manual & Time-Consuming Reporting: Finance teams were overwhelmed by manual report production and presentations, often under extreme deadline pressure.
- Inconsistent Data Standards: A lack of common KPI definitions led to fragmented views of performance across the organization.
- Analysis Gap: Excessive time spent on data preparation left little to no room for deep analysis or high-value performance reviews.
- Business Agility: The need for a more flexible system to adapt quickly to a constantly shifting global context.
SOLUTION
SBI deployed a centralized Finance Data Product that harmonized KPIs across the group.
- Data Harmonization: Implementation of a unified framework with standardized KPI definitions and automated report generation.
- Modern Data Product: Development of a dedicated "Finance Data Product" leveraging a modern tech stack (Snowflake) to centralize financial data.
- End-to-End Automation: Streamlining the flow from raw data to final dashboards to eliminate manual intervention.
BENEFITS
The result: 400 hours saved per closing and a shift from tedious report production to strategic performance review, powered by a single, automated source of truth for 500 global users.
- Operational Efficiency: 400 man-hours saved for finance teams during critical closing and rolling forecast periods.
- Global Alignment: A single, trusted source of truth accessible by 500 users across Group, regional, and local levels.
- Enhanced Reliability: 21 standardized dashboards deployed to ensure data integrity and completely eliminate human error.
- Better Decision-Making: 5 standard dasboards providing clearer, faster, and more efficient performance evaluations.
