Transforming Financial Reporting for Multi-Country Tech Business Group
From Legacy Excel to Efficient, Data-Driven Decision-Making Across 15 Tech Businesses in 12+ Countries
Client Overview
The client, a rapidly expanding business group, invested in 15 different tech businesses spanning 12+ countries. Struggling with inaccurate, legacy Excel-based reporting, they faced challenges in delivering timely financial updates to investors, stock exchanges, and the public. This inefficiency hindered their business growth potential.
Key Achievements
150%
Investor Trust Surge: Timely reporting boosts confidence and drives investments.
200%
Faster Reporting: Achieved unparalleled efficiency and accuracy.
20+ Teams
Trained in 1 Month: Rapid onboarding ensures swift integration.
Efficient Reporting
Achieved a significant milestone by reporting financial statements of 100+ legal entities within T+10 days from month-end, marking a 200% improvement.
Enhanced Decision-Making
Regular availability of accurate data empowered senior management to make informed decisions promptly, capitalising on future opportunities.
Primary Goals and Objectives
Implement accurate and timely financial reporting systems to meet regulatory obligations and investor expectations.
Develop efficient KPI tracking mechanisms to monitor business performance across diverse tech ventures.
Client Challenges
The client grappled with inaccurate, delayed, and manual financial reporting processes.
Listing on two different stock exchanges complicated their reporting obligations.
The lack of reliable data hampered their ability to make informed decisions, ultimately stunting their business growth.
Growwth's Role
Growwth played a pivotal role in transforming the client's financial reporting landscape through strategic implementation and continuous support.
Implemented robust policies and systems to transform the financial reporting landscape
Collaborated with investors to define meaningful KPIs aligned with business objectives
Conducted extensive training to enhance capabilities of finance and leadership teams
Provided consistent engagement and strategic guidance throughout implementation
Organised periodic training sessions to keep teams updated with latest industry practices
Maintained active stakeholder engagement to align strategies with investor expectations
Technology Integration
Explored cutting-edge technologies to further automate reporting processes, reducing manual intervention and enhancing accuracy across all operations.
Key Takeaways
The collaborative efforts of the client and Growwth resulted in a transformative journey from legacy systems to efficient, data-driven decision-making.
By achieving accurate, on-time reporting and fostering a culture of continuous improvement, the client is now poised for sustainable growth.
The optimised processes and empowered teams position them strategically to navigate future challenges, ensuring a prosperous and resilient business future.