Obtaining full data transparency
With a multitude of software systems used across various departments, in the different countries, TauRx was facing a major roadblock to obtaining full data transparency. Furthermore, the team in TauRx was still relying on a slow and error-prone manual process to perform financial consolidation. It was about time for TauRx adopt an effective solution to integrate their data sources and with numbers they can trust. Hence, LucaNet was implemented.
Holistic data integration
LucaNet allowed TauRx to streamline their data into a single-source-of-truth platform with its proprietary data integration technology. TauRx is now able to integrate its multiple data sources and enable drill-down analysis within one platform. Additionally, TauRx can enjoy automated consolidation process with significant time savings.
Management reporting is now a breeze with LucaNet. LucaNet's platform provides TauRx with the flexibility to analyse and adjust numbers based on different periods be it yearly, quarterly or even monthly within a few simple clicks. TauRx is now able to complete its reports within half a day - a 75% time reduction as compared to their previous manual process. Furthermore, both the management and the finance team are able to put their trust in the reports generated. Overall, the digital transformation of TauRx's finance processes enable the team to perform granular drilldowns across the different databases for more effective controlling and flexible reporting.