The company needed an efficient business monitoring tool, aimed at describing specific economic performances and profitability of single products per customer, sales channel and relevant market, as well as managing production and leverage costs. There was also an urgent need to obtain and integrate information coming from different information flows. At the same time, resource involvement and growth had to be guaranteed.
A modern management Control System was quickly implemented that provided a significant reduction in manual activity required to obtain final statements and information regarding all areas of the Company. The system also provided more uniform and complete data, more frequently available before operational events.
More specifically, the following are the management and control areas that were activated: Product
“The application is easy-to-use and available in Italian; it allows flexible characterization, aggregation and presentation of data so users can manage it autonomously”; E3 has made it possible to integrate any kind of information source, speed up the production of financial statements and analysis results and follow the evolution and growth of the company”. The next goal for Technogym is to activate the Budgeting function.
The company database has been enhanced by both dimensions and data, homogenized and certified with five years of historical data, flexible to adapt to a potential evolution of the organization and development of the Company: control “chain” simplification and transfer pricing rules from 9 companies in 2001 to 20 companies today.
Support for data quality improvement for management applications (Product Cost)