Swiss Explosives Company is Optimizing Budget Planning with Jedox

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The Société Suisse des Explosifs (Swiss Explosives Company) (SSE) was founded in 1894 in Brig, in the heart of the Swiss Alps. An industrial group of international status, SSE manufactures and distributes civil explosives, fine chemical products and pyrotechnic products and services. Over its 120 years in business, the SSE Group has successfully exported its products and services and extended its geographical reach. In 2017, the SSE Group manages 20 subsidiaries in Europe and employs 530 employees in Switzerland, Germany, Norway, Sweden, the Czech Republic, Slovakia, Poland and Romania.

Requirements

The Group was faced with the challenge of managing 20 subsidiaries, 7 currencies and 7 languages. With teams coordinated from its head office in Brig, managing its European subsidiaries could rapidly become complex.

The Group implemented a strict monthly reporting system for subsidiaries, with all results needing to be sent to head office on the 15th of each month. These hundreds of tasks were becoming increasingly tedious and the reports were not standardized. Excel could only do so much and an easier way of inputting and sending data was required along with a solution to consolidate data and plan the budget.

Simplifying the financial processes of the different SSE sites and subsidiaries became a necessity. Data reconciliation was time-consuming and the monthly reports needed to be facilitated and simplified. Linalis therefore proposed the Jedox CPM platform, which would provide solutions to the management issue encountered by the SSE Group. The development of a budget planning tool to manage all subsidiaries was therefore proposed.

Standardized and simplified solution for reporting and dashboards

Linalis developed a budget planning tool to manage international subsidiaries. They rolled out a standardized and simplified reporting and dashboard solution (sales, cost types) based on Jedox. Due to a multi-currency environment, the exchange rates for each subsidiary were directly integrated in the solution to be monitored centrally and on a weekly basis at Brig. A dashboard was introduced to highlight the performances of each subsidiary in their local currency and with a conversion into Swiss Francs. The analysis also removes the need for inter-company transactionsnfrom a subsidiary or a geographical group of subsidiaries.

Each subsidiary is managed via a customized workflow facilitating data collection. The head office in Brig is therefore informed at all times of the progress status of each subsidiary regarding this data collection. The Jedox solution can also be used to rapidly and easily integrate any future new subsidiary.

Solution & Advantages

The new solution enables subsidiaries to easily submit their budgets and investment requests via the Jedox Web interfaces. These requests are centralized and managed by the Jedox workflow system, providing head office with a global view of these processes and allowing it to approve or decline the next step defined in the workflow. The Jedox solution has the following advantages:

  • Management, control and monitoring of subsidiary investments and budgets with validation workflows
  • Automatic consolidation of all financial data from subsidiaries and traceability of data
  • Dashboards and reports on monthly situations regarding sales and margins
  • Subsidiary performance measurement dashboards
  • Complex management of currencies and exchange rates for each subsidiary
  • Complex management of inter-company transactions
  • Option for users to create their own dashboards or reports
  • Direct access via Excel to consolidated data to produce reports as required.

The Results

The Jedox software provides SSE with a comprehensive solution that manages the investments and budgets for all of its subsidiaries, in addition to financial performance reports.

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By | 2017-08-15T08:57:23+00:00 August 29th, 2017|Customer Success|
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About the Author:

Jedox simplifies planning, analysis, and reporting with one unified and cloud-based software suite. Jedox empowers decision makers and business users across all departments and helps them work smarter, streamline business collaboration, and make insight-based decisions with confidence. Already 1,900 organizations in 127 countries are using Jedox for real-time planning on the web, the cloud, and on any device. Jedox is a leading Business Intelligence and Corporate Performance Management solutions provider, available worldwide with offices in four continents and over 180 certified business partners. Simplify planning with Jedox and start your free trial today: www.jedox.com