CJR Group is a multinational conglomerate comprising 70 companies operating across four continents. It manages construction and renewables projects and it is a leader in its field.
Challenge
CJR Group’s SAP system contained a wealth of data, making it challenging to efficiently access and analyze information. The company faced the added complexity of handling data in multiple currencies. To streamline their reporting and analytics processes, CJR Group required a solution that allowed end-users to create reports without IT intervention. Their goal was to expedite report generation and facilitate detailed analysis, both from a financial and management accounting perspective. Furthermore, they needed to incorporate various currency types into asset transactions, similar to how they managed company currency and group currency.
Solution
CJR Group selected ALLOS to address their data analysis and currency management challenges. ALLOS provided a comprehensive solution with the following key features:
- Data Aggregation: ALLOS effectively aggregated the extensive data within SAP, simplifying the data retrieval process.
- User-Driven Reporting: ALLOS empowered CJR Group’s end-users to create reports independently, eliminating the need for IT involvement in the report-building process.
- Efficient Report Building: With ALLOS, report generation became significantly faster, contributing to enhanced operational efficiency.
- Detailed Analysis: The solution facilitated in-depth financial and management accounting analysis.
- Multi-Currency Support: ALLOS added functionality to handle multiple currency types, such as contract currency and reporting currency, for individual asset transactions.
Results
The implementation of ALLOS brought substantial improvements for CJR Group:
- Improved Efficiency: End-users gained the ability to independently generate reports, reducing reliance on IT and accelerating the report-building process.
- In-Depth Analysis: ALLOS made detailed financial and management accounting analysis more accessible, empowering CJR Group to make better-informed decisions.
- Enhanced Currency Management: The inclusion of multiple currency types for asset transactions simplified the handling of complex currency data, promoting consistency and accuracy.
Conclusion: ALLOS played a pivotal role in transforming data analysis at CJR Group. By providing a solution that allowed for rapid report generation, in-depth analysis, and flexible multi-currency support, ALLOS empowered users to create reports tailored to their specific needs. This not only increased operational efficiency but also strengthened CJR Group’s decision-making capabilities, even in a complex, multi-currency business landscape.
“ALLOS provides us with tremendous FLEXIBILITY. It also allows us to create management reports in much less time and makes reports and analyses feasible that, otherwise, wouldn’t be due to the required development time.”
“ALLOS is addictive. Whenever a new need arises, we ask if we can use ALLOS for it. With ALLOS, we know it’s going to be much faster.”
