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4:34 min
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I'm Kathryn Frosdick,
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Group Accountant here at
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Brenntag and
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I was project manager on the Board implementation.
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We have never had a budgeting and planning tool at all,
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we have always used Excel, and
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it is just a huge,
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huge process to go through.
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My name is Martin Gratton and I am the Group Finance Director for Brenntag
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UK and Ireland, and also for the Multisol Groups. We really needed
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something to take us to another level.
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We did not just want to get to where we were, we wanted to
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to buy a product that was capable of giving us more than we have at the
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moment and also making us future proof.
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We have got a very bespoke way of reporting.
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A lot of other systems that we looked at were already very tailored,
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whereas Board - one of the reasons why we went with it -
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we could do whatever we wanted.
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When I first saw Board,
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I was very aware of how visual it was. Board looked like
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it was very easy to use,
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the graphs look good, the figures that were coming out actually looked good,
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which is very different to what we were used to.
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I am Ian Meek, Head of Finance and I look after finance!
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We chose to work with Simpson Associates simply because they installed Cognos with us,
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produced a very good system that went on time and on budget, and by being very robust
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and flexible - two things were looking for - they provided good support over the
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past decade. They have never let us down, they have some very good people there
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and I think without that quality of person
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it would have been very difficult.
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I am Dan Welbourn,
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Group Accountant for Brenntag UK.
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The Board project has given us massive time savings.
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Previously,
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we had four different consolidation systems that Board has allowed us to
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consolidate into one package,
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which has meant that there is no time delay of waiting for one bit to be completed before you can copy it to the next.
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Everything is there at the same time
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and you can start work on things simultaneously.
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The implementation we have done so far has certainly been successful in taking
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a clear full day out of
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our quarterly reporting. Where we have benefited most from Board,
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and the drill through, is from our two different reporting
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structures.
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In our old system,
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they were completely separate.
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You did not know where if one number was in one set of accounts
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you did not know where it sat in the other one. With Board,
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we can look at either P&L and we can drill straight through to where it is on the other one. Specifically,
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where that has benefited is probably in our transportation reporting.
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We are very focused at the moment,
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being a distribution business, on transportation costs,
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so we can now drill into our transport costs and see exactly where they are.
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I have seen the confidence grow, in the relevant people, to the extent that they will go off
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and design, spec, write, and
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demonstrate their own little subsection.
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For example,
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the top-down, high-level forecast that we do four months into each year,
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Kathryn has pretty much done that from scratch herself and presented it to the team who are
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more than delighted with it.
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We obviously had a look at
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several types of software provider when we started
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but I think that what we have delivered so far,
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and what we can see on the horizon,
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we are happy that we have made the right choice. The reasons that we have
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set out on this journey also embrace a lot of the changes that they were living with for a very
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long time.
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So I do think that, particularly now, we are in a very positive part of the
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project.
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Everything we do now enhances what they are getting out of it.
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Obviously,
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when you start,
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you are putting a lot of effort in to get somewhere
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back to where you started.
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I think we have gone past that now where we are very much in, what I would call, the glory phase of
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the project.