Voith FRS is a division of Voith, a global engineering company with well over 45,000 employees operating across 50 countries. When consolidation and reconciliation of reporting across the finance team, central controllers, and site controllers became too cumbersome, Voith turned to UBS to create a single version of financial truth.
Challenge
Traditionally the financial reporting team, central controllers, and site controllers would manually extract all their accounts data from the Oracle ERP system. Reconciliation and consolidation were done and then aggregated, with any adjustments made directly in Excel. However, this caused validation issues since members of the financial team were not using the same calculations, date ranges, or sales figures.
Solution
UBS brought consistency and confidence, as IT and business users worked together on how the data was displayed. Consistent data across the division has greatly reduced the support load. And since UBS is embedded within the Oracle/JD Edwards interface, there is immediate responsiveness to user needs. This consistency has also led to the ability to deploy UBS across any device: desktop, laptop, or mobile device without having to resave or recreate content.
Voith says that UBS helped Voith be more data-driven in the decisions they make operationally and for sales areas. It helped the quality of data within the finance organization. Rich governance capabilities have allowed BI leaders to monitor which users access which data models and at which time.
UBS allows great visibility into user habits. This allows admins to identify gaps in knowledge and provide any training that is needed. It also bolsters content management, showing which reports are underutilized – which could mean a need for deprecation or for improved communication efforts.
With UBS, Voith has:
- Managed common calculations, date ranges, and figures to decrease validation issues and ensure consistent and high-quality outputs.
- Increased governance and visibility to better monitor knowledge gaps, user habits, and content management.
- Enabled sales teams to quickly access data and reports anywhere, on any device to make data-driven decisions