Paralysed by a complex array of spreadsheets, a leading financial services company Elders Rural Bank was unable to complete the monthly forecast on time. Errors were routine, diminishing confidence in the numbers. Dedicated staff diligently managed the complex data environment but had little time for analysis – it was hard enough justifying the numbers, without the burden of management reporting and extra staff had to be hired.

Tridant designed and implemented a solution that replaced the dreaded spreadsheets with a single source of the truth – a shared accessible analytical platform. It contained all the financial and physical data needed for performance analysis and forecasting, and an approved set of proven business rules. The collection of business information was automated and modernised, as was management reporting. Analysts were given the editorial power they needed to perform their role.

Forecast cycle time was cut from weeks to days allowing rolling forecasts to become the norm. Management confidence was restored as errors disappeared and business logic became transparent. Reporting became effortless, allowing more time for analysis. Users could create their own reports and share them in just a few clicks. The board and management benefited from the consistent, reliable decision making platform and its rapid turn-around.