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Introduction

TechValidate Introduction: 

This case study of Prym Consumer USA is based on a September 2016 survey of Global Software, Inc. customers by TechValidate, a 3rd-party research service.

TechValidate Quote: 

"Spreadsheet Server made data available to us that was too difficult or time-consuming to obtain before. This data has enabled us to make better decisions concerning our business and to make them more timely."

Challenges

TechValidate Challenges: 

The business challenges that led the profiled company to evaluate and ultimately select Global Software, Inc.’s Spreadsheet Server:

  • Rekeying data from the ERP system into spreadsheets
  • Manual, multi-step reporting processes
  • Lacking access to real-time information
  • A heavy reliance on IT to create or edit reports
  • Creating reports in a timely manner
  • Lacking data accuracy and/or validity
  • Combining / consolidating General Ledger (GL) and non-GL data from multiple ERP & relational database sources

Use Case

TechValidate Use Case: 
  • Evaluated the following reporting tools before choosing Spreadsheet Server:
    • A Business Intelligence (BI) solution
    • A reporting tool packaged with ERP
    • BizNet Software
  • Supplemental reporting tools used with Global Software Spreadsheet Server:
    • A data warehouse solution
    • An ERP packaged reporting tool
  • Selected Spreadsheet Server over the competition because of the following:
    • Flexibility to connect to multiple systems and outside General Ledger
    • Capability to drill down to sub-ledger details
    • Excel-based Interface
  • Uses Spreadsheet Server for Financial / General Ledger reporting and the following modules:
    • Sales
    • Inventory

Results

TechValidate Results: 

The surveyed company achieved the following results with Global Software, Inc.’s Spreadsheet Server:

  • The removal of disparate static Excel sheets
  • Faster, streamlined report creation
  • Improved data accuracy
  • Faster access to live data to make strategic decisions
  • Empowered users to create their own reports with less dependence in IT
  • Greater visibility into the overall business strategy
  • Reporting processes streamlined with Spreadsheet Server:
    • Data extraction from an ERP or relational database
    • Automated distribution of reports to management / other departments
    • Month-end close and management / board reporting packages
    • Reporting outside the general ledger, such as inventory, manufacturing, sales, purchasing, projects, etc.
    • Auditing and tax schedules
    • Budgeting / forecasting processes
  • Actions or business insights gained using Spreadsheet Server:
    • Identified incorrectly allocated funds and/or duplicate invoices due to reporting errors
    • Directed initiatives based on findings in reports
    • Centralized reporting practices
    • Increased their ability to complete tactical and complex analysis
TechValidate Citation: 

Source: Scott Mayfield, Assistant Controller, Prym Consumer USA

Published: Oct. 14, 2016 TVID: 1B1-D61-13C

Company Profile

Company Snapshot: 

Company:
Prym Consumer USA

Company Size:
Medium Enterprise

Industry:
Consumer Products

ERP Platform 
SAP

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