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Phase 01

Managing financial consolidation across multiple entities is no easy task—especially for multinational companies with diverse operations, multiple currencies, and evolving regulatory frameworks. Our client, a globally recognized retail brand operating across 20+ countries, was experiencing major roadblocks in their month-end closing process. Despite having a seasoned finance team, they were bogged down by manual work, inconsistent data, and delayed reporting. Their finance leaders recognized the need to modernize and streamline their processes but lacked the in-house capability to design and implement a scalable solution. That’s where Finlytyx AI Labs stepped in. As a premier provider of data analytics consulting services, we helped this client deploy Jedox, a powerful and flexible financial consolidation platform. This case study highlights the transformation journey—detailing the challenges, our step-by-step solution, and the measurable results achieved.

Financial Dashboard Sample

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Phase 03

Key Challenges in Manual Consolidation

Most organizations face three primary hurdles when managing data across borders manually:

  • 1
    Data Silos: Financial information trapped in disparate ERP systems and localized spreadsheets.
  • 2
    Human Error: Manual data entry and reconciliation leading to significant reporting inaccuracies.
  • 3
    Compliance Risks: Difficulty in adhering to varied international accounting standards (IFRS vs. GAAP).
Strategic Impact

Automation with tools like Jedox reduces these risks by up to 85%.

Phase 04

1. Streamlining Excel-Based Data Integration

Instead of forcing the client to abandon their familiar tools, we:

  • 1
    Built automated import workflows to pull financial data from Excel templates into Jedox
  • 2
    Designed custom upload interfaces that mirrored their current data entry format
  • 3
    Applied data validation rules to catch errors at the point of entry
Strategic Impact

More accurate data, faster imports, and reduced manual effort