Their problem? Solved.

Education provider

consolidated financial reporting 

the problem.

An AXS listed company with a number of subsidiary companies, each with their own separate accounting systems, and individual chart of accounts.

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Preparing unified monthly financial reports for each entity as well as consolidated financial reports was taking about 30 days. In other words, it was taking a month every month to prepare the financial reports.

Our solution

​Our solution was to create a micro integration between Lavastorm (a business analytics tool) and the accounting packages (all in the cloud).

The result was a set of unified financial reports in just 17 minutes! An added benefit of this solution is time critical information for daily business decisions.