IMC Pan Asia Alliance reporting is consolidated and 3x faster

IMC Pan Asia Alliance is a multinational conglomeration with hundreds of legal entities across the world. Its reporting requirements are extensive, and a complicated financial reporting system was time-consuming and frustrating for the finance team.

As well as extensive ongoing reporting requirements, they had ad hoc requests for unique reports that required tedious manual tasks or time spent waiting for large Excel files that consolidate, aggregate, and translate raw data through countless manual formulas to update before they became something functional that stakeholders could use. Detached, offline reports were manually updated before being re-shared.

The complexity of the system created some inconsistency and inaccuracy in reporting, but more importantly, it meant that time that the finance team could be spending on more meaningful analysis was being spent creating lots of individual reports for stakeholders.

IMC chose Jedox for a number of reasons, including:

• Integration of ERP, financial, operational, human resources, and ESG data to a single platform
• Compatibility with Excel
• Self-service capabilities for the IMC finance team to write and standardize reporting formulas and push them out across the whole organization for accurate, consistent and reliable reporting

Using Jedox for planning and reporting has meant no more manual processes or duplicate reporting for IMC’s finance team. Stakeholders can access what they need, in real-time, when they need it. From monthly rolling forecasts to easy-to-use dashboards where they can filter, pivot and drill down into data to view sources and calculations or fix data quality issues. The Jedox mobile app means they can even access their information when they are away from their computers.

It’s well known at IMC that Jedox provides the single source of truth for this information within the organization.

IMC’s financial team know they can add alternative data hierarchies when needed. No IT support is required. Something Finance Business Partner Alison Gao describes as a “a game-changer”.

Alison also said the implementation of Jedox at IMC was an easy and pleasant experience, thanks to Jedox’s implementation team. “They have the IT expertise, but they also come from a financial background, so they speak the same language as us”.

IMC say that switching their planning and reporting to Jedox has made it two to three times faster, and has fostered better relationships throughout the organization.

The data is more accurate, more up to date, more reliable, and more flexible. Stakeholders can now access the most up-to-date financial information through a self-serve single platform.

There are fewer ad hoc requests for information for the finance team to deal with.  More meaningful questions can be asked than “can you run that report again by country of incorporation?”.

“I really recommend Jedox to the finance professionals out there who are still using Excel to produce manual reports, because Jedox really saves you a lot of time, and it also ensures the accuracy and the reliability of the reports that you produce for your stakeholders. Just try it.”

Alison Gao, Finance Business Partner, IMC Pan Asia Alliance