Driver-based Profit and Loss Account

with STRATO

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STRATO relies on BOARD and bdg for planning and self-service reporting

The profit and loss account is an essential component of the annual financial statements and is indispensable for success control. With a professional, integrated driver-based P+L, the management receives an overview of the current financial situation of the company and thus a sound basis for corrective measures and essential decisions. Despite their central function, many companies still plan and report their profit and loss accounts in time-consuming and error-prone Excel processes. The financial department therefore often has to collect and process relevant data manually. STRATO was struggling with these problems until recently. A complex data source and the manual preparation of data in Excel made planning and reporting an enormously time-intensive and error-prone process. Particularly the planning of individual business drivers across different regions, product groups or cost centres, which formed the basis of the P+L, was very difficult due to its high complexity and interdependences. Subsequent adjustments resulted in a lot of manual work and it was virtually impossible to plan scenarios.

With BOARD and bdg, we were able to realise a reporting framework for self-service data visualisation, analytics, reporting, and planning that grows flexibly with its tasks.

PROJECT OBJECTIVE

In order to improve the flexibility and transparency of the reporting and planning processes, and to introduce a faster and self-service driver-based planning, STRATO worked collaboratively with bdg to develop a concept for the implementation of a BI & CPM tool. The main objectives of the project were the partial automation of the driver-based planning process and the reduction of reporting cycles and improvement of the reporting quality through the creation of a uniform data base.

Read the whole story now

And find out all about the highlights:

  • Tailor-made BOARD solution for P & L planning and reporting of STRATO AG

  • Creation of a uniform data base

  • Identification and modelling of complex drivers

  • Report cycles have been shortened and report quality improved

  • Effective coaching for self-service BI

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About STRATO

STRATO AG, based in Berlin, is a subsidiary of United Internet AG and one of the world’s largest hosting providers. Founded in 1997, the company currently employs approximately 500 people and has more than 2 million customers and 4 million hosted domains. Their services range from e-mail and office packages, website solutions, cloud storage and online shops to servers and high-end hosting solutions.

IndustryRegionApplicationNumber of users
Internet Service ProviderBerlin, GermanyDriver-based P&L planning40

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