Codit – IT specialist in the integration of people, applications and ´things´ – was looking for a clearly organised, versatile and reliable system to monitor and analyse the figures in different sites all over the world. A new accounting package was linked to BrightAnalytics: a professionalisation of both the strategic management and the operational approach. Thanks to BrightAnalytics, the complex matrix of sites and projects is easy to analyse and compare: an efficient approach for effective KPIs, on both the financial and operational levels.
Now that we have 100% confidence in our numbers, we can make better decisions. The result? Strong growth.
Codit connects organisations with their customers, employees, suppliers and partners via technology. This brings data from different systems together in order to optimise the automation of business processes and make new business models possible. It is crucial for this that the right information arrives in the right form, in the right place, at the right time.
That is exactly what Codit also wanted for its own financial and operational reporting: reporting the right data to the right person at the right time. Working with different Excel spreadsheets was complicated, time-consuming and inaccurate. So the technology company went looking for a user-friendly reporting tool.
The path to transparent and reliable management reporting first led to a new accounting package. "The more extensive and more specific the data to start from, the more versatile your reporting possibilities are", explains Codit CEO Stijn Degrieck. That accounting package was then linked to BrightAnalytics, which was fully tailored to the customer.
"Every night at 2 a.m. the new numbers are automatically loaded into BrightAnalytics. When I arrive in the office in the morning, I always have current data available. Just the way I like to see it, because the dashboard is tailored to our wishes.”
Thanks to BrightAnalytics, every month Codit produces clear reports for the strategic management. A high-performance overview of the direct and indirect costs makes the budgeting very tangible. "By comparing the budget with actuals and forecasts, we work efficiently on our KPIs. Also operationally we’re quick off the mark. We see where we can best deploy our people, analyse individual projects or compare our sites."
At the same time we save ourselves a lot of manual work. Almost the equivalent of a full-time employee. That time and energy now goes into the intellectual work: interpreting the figures and responding appropriately. Stijn Degrieck: “In addition, we avoid human errors. The numbers are 100% reliable. We now dare to take greater risks and fully develop ourselves."
Fast reaction to current results
Savings in time and human capital
Elimination of human errors during data input
Intuitive functioning, even without background knowledge
A clear visualisation on the basis of current data without work on the data-gathering. Stijn Degrieck is convinced of the positive impact of BrightAnalytics. “In my view it’s an added value for every company. You can play quick off the mark with full confidence in the numbers and your reporting. I’d recommend it to everyone."