A private-equity backed agricultural supply company who had recently completed a significant restructuring was struggling to prepare meaningful financial reporting to power executive (and private-equity sponsor) level decision making.
The company had been engaged on a non-recurring basis, to oversee a large-scale agricultural project which produced significant revenues and expenses. Operating from a single instance of their ERP, the company found itself forced to track project revenues and expenses in Excel for the purposes of producing “normalized” financial analysis for senior management on a monthly basis.
Management and the private equity sponsor were often waiting 15-20 days after month-end before being presented normalized views of the business.
Charger worked with client management to identify the properties and flags natively captured by the ERP which allowed us, via our unique Prism mapping process, to isolate those transactions which were specific to the special project.
Having automated the extraction, consolidation and modeling of the underlying ERP data into a data warehouse Charger was able to bifurcate the financial performance of the ongoing operations from that of the special project.
Today, while accessing near-real time financial reporting via Charger's front-end application, the customer and its stakeholders are able to, with the click of a button, review the normalized performance of the business against its prior performance on an apples-to-apples basis.
