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.
This activity has increased tenfold through organic growth and the acquisition of a company that complements its offering but uses a different business application than EPS. Indeed, these data extracts have a fundamentally different structure and format, with varying levels of information and data quality. The management controller was forced to harmonize the extracted data before merging it, then make corrections before presenting consistent reports to the CEO. This considerable work was done manually, and the merged data was stored in a gigantic Excel file, where each modification took several tens of minutes. With four types of data extracts per application, the final file at the end of the year comprised over 500,000 rows across more than a hundred columns, requiring three hours of work per day to harmonize everything.
NEOFI's primary objective was to automate the extraction of data from each report, resulting in four files, in each of the two applications. NEOFI then checks the data, harmonizes it, and merges it to feed the NEOFI Analytics , where the reports are generated. The management controller's role is now to identify any errors (orders, data entry, etc.) and correct them.
Now that the daily reporting process is automated and improved, the management controller's work focuses on studying and optimizing customizable reports to more quickly identify untapped cash flow. Their investigations involve the sales team, who, thanks to scope-based data access management, only see the data relevant to them. Each team member can track their orders, deliveries, invoices, targets, and margins at their own level, by day, week, month, and year, with a drill-down function for detailed information.
The next step is already underway! It empowers customers to monitor the progress of their orders, deliveries, and invoices through the implementation of internal and external KPIs. The goal is to enhance customer relationships by sharing data that can be visualized in widgets built from Business Intelligence reports.
