No longer is Kvadrat trying to consolidate numbers from 25-30 companies on Excel. It has cost the world‘s leading manufacturer of design textiles too much time and too many errors.
”Now we have started a system-supported planning process with Jedox,” says Finance Manager Laurent Weiler, who runs the planning process at the headquarters in Northern Denmark.
”We started the project in August with Accobat, a Jedox-partner. Accobat developed the model and built sales input templates for registering turnover on brand and sales team level. Then we built cost templates for registering our total costs. Today, we have a complete overview of our P&L and we can drill down into details on segment level, i.e. retail,” explains Laurent Weiler.
Flying the plane while building it
When the planning process for 2016 was complete, everyone agreed that they should never do that in Excel again. “We wanted a strong software solution for forecasting, planning, and consolidation, but we started a bit late because we were investigating multiple solutions,” says the Finance Manager.
The decision was made for Jedox. “We chose Jedox because it is a flexible solution, which is not as heavy and unwieldy as other systems in the market. Jedox is also a very fast system, which updates quickly in our data warehouse, so that data is always fresh.”
Although Kvadrat did not get started with the implementation project until late in the summer, because of the quick implementation, they started using Jedox for planning right away. Today, they can access and analyse results from the top down and bottom up and across all companies and currencies.
Before Jedox, Kvadrat also used their ERP system Axapta (Dynamics AX) during the planning process. “With Jedox we also save the step in the process where we spent time uploading data from Excel to Axapta,” says Laurent Weiler.
The Finance Manager adds the importance of the skilled Accobat Jedox consultants when implementing the new software and process.
“We enjoy our cooperation with Jedox partner Accobat. They sent a talented architect and a strong project leader. The Accobat consultants are flexible, service-minded, and they understand the business and challenges right away,” states Laurent Weiler.
Kvadrat has been leading the field in textile design and innovation since 1968. They are an internationally renowned and progressive design company, committed to continuously pushing the boundaries of aesthetic, creative and technological advancement in textile design.
“Jedox is a flexible solution, not as heavy and unwieldy as other systems in the market. Jedox is also a very fast system, which updates quickly in our data warehouse, so that data is always fresh.” – Laurent Weiler, Finance Manager, Kvadrat