JDE wanted to focus more effort on business partnering so one of their key objectives was to make reporting and accounting easier and more automated, and at the same time standardise and harmonise financial systems across their manufacturing locations.
This would involve the creation of a new simplified cost model which would be transparent, reliable and flexible enough to move the organisation forward. It included the reduction in the number of cost centers which would result in less complexity, in order to achieve an efficient and effective plant production analysis and reporting and to implement clear and simplified month-end closing processes.
Up until the previous year JDE had been using Excel as a manual reporting tool but were struggling to analyse their data to a deeper level or be able to make effective data comparisons by plant. As a result, a lot of time was being spent just on reporting.