A thriving global organization, Royo Group has expanded in recent years, both organically and through acquisitions. Having inherited multiple non-unified information systems, Royo Group has seen a dramatic increase in the complexity of their financial reporting and planning processes. Their reliance on Excel spreadsheets and legacy systems for consolidation, planning and reporting made it difficult to obtain information on demand from each of their entities.
There was also a significant need to implement a more detailed and connected planning process. Working through hundreds of spreadsheets required a lot of employee time and dedicated attention. Making a change to annual budget involved excessive manual effort and was subject to errors that were difficult to locate and manage.
Royo Group needed digital transformation in the Finance Department to support financial close, reporting, and planning processes with improved insight across multiple locations. By implementing a unified platform that provided immediate access to relevant information, employees across each entity could dedicate more time to value-added tasks. Simply put, Royo Group needed a solution that would give them more control over their subsidiaries, present and future.