YPP financial director, Glenn Rufford, said that by adopting ComOps BI, the company wanted a 'seamless approach to extract financial data from BMS and provide our middle level management with the capability to analyse information across both our major facilities and in the supply chain itself for specific business processes such as stock control, debtor analysis, general ledger, accounts payable and accounts receivable.'
Rufford said that the company's middle management had traditionally relied on summarised information from Excel spreadsheets when compiling monthly, quarterly and annual reports, and ComOps BI would replace the company's traditional spreadsheet approach to transactional reporting, enabling it to simply and readily generate key performance indicators, dashboards and graphs and provide the management team with automated browser-based visibility of the key performance indicators.
ComOps BI will also help YPP to unify its diverse administrative and financial applications in a single platform across all locations and systems. Users will get a transparent, accurate and timely enterprise view of financial performance as the solution automates and structures the financial consolidation process, provides centralised control and collection of data, supports the improvement of the internal controls environment and ensures delivery of valid, financial performance information for internal and external reporting.
'One of the benefits of ComOps BMS has been that transactions captured in one area of the business can be accounted for in another part of the company's operations, eliminating the risk of manual or overlapping processes. ComOps BI will now be used to consolidate and enhance our financial management reporting, providing a single view of data drawn from the company's BMS applications. Making ComOps the common reporting platform across the organisation offers savings in licence costs, savings in software administration and maintenance, and capitalises on the existing ComOps skills within the business,' Rufford said.
The new solution also includes services for greater flexibility for YPP in the delivery of reports to staff and improved auditing capabilities through recording of information such as who is using the system, which reports and queries are being run, and the cost of queries to system resources.