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