Econocom is a European group specializing in digital transformation services. A European market leader, the group operates in 18 countries. Its activities cover all aspects of the digital sector through a comprehensive network of expert companies in fields ranging from cloud computing to cybersecurity.
Econocom, a European leader, designs, finances, and facilitates the digital transformation of large companies and public organizations. With 51 years of experience, it is the only market player to combine 360° expertise through project financing, equipment distribution, and digital services. The group operates in 16 countries with more than 8,450 employees and projected revenues of €2,744 million in 2024.
It was the group's external growth policy that made the need for automation imperative, and pushed the group to turn to NEOFI.
To manage the company's operations, the CEO of ECONOCOM Products & Solutions (EPS) relies on an "order-to-cash" reporting system that informs him each morning about the status of orders, the backlog, deliveries, and invoices. This report is prepared each evening by the management controller, who extracts the data for each of these four areas via the business application.
However, this activity has been increased tenfold by organic growth and by the acquisition of a company which completes its offer but which uses a business application different from EPS. Indeed, these extractions have a fundamentally different structure and format, a heterogeneous level of information and quality of data. The management controller was forced to harmonize the extracted data before merging them and then to make corrections before presenting uniform reports to the DG. This considerable work was carried out manually and the data merged into a gigantic Excel file, each modification of which took several tens of minutes. With four types of extractions per application, the final file represented at the end of the year more than 500,000 lines in more than a hundred columns and three hours of work per day to harmonize everything.
The first objective of NEOFI was to automate the extractions of each report, i.e. 4 files, in each of the two applications. NEOFI then controls the data then harmonizes and merges it in order to feed the NEOFI Analytics in which the reports are designed. The task of the management controller is now to identify possible errors (order, entry, etc.) and to correct them.
Now that the process of designing daily reports is automated and improved, the activity of the management controller focuses on the study and optimization of customizable reports in order to more quickly identify pending cash reserves. Its investigations involve salespeople, who, thanks to managing access to data by perimeter, only see the data that concerns them. Everyone can follow their orders, deliveries, invoicing, objectives and margins at their own level, by day, week, month and year, with a drill down to find out the details.
The next step is already underway! It gives customers the opportunity to manage the progress of their orders, deliveries and invoices through the implementation of internal and external KPIs. The objective is to increase the quality of customer relations by sharing data that can be visualized in widgets which are designed from Business Intelligence reports.
