Improved Operational Efficiency With Unified Data Ecosystem

Problem

A mid-sized financial services firm struggled with manual reporting processes, leading to delayed decision-making and inconsistent data across departments. Audit preparation required extensive manual effort, and the firm frequently encountered compliance challenges due to outdated processes.

Solution

Xylity teams of experts transformed the client’s financial operations with Microsoft Dynamics 365 Business Central, focusing on

Automated Financial Reporting: Created dashboards with real-time updates, eliminating the need for manual consolidation of data.
Integrated Compliance Tools: Introduced built-in regulatory checks and audit trails to ensure adherence to standards.
Unified Data Management: Connected disparate data sources into a single platform for comprehensive financial oversight.

Workflow

Data Integration: Unified financial data from ERP, CRM, and other systems into a central repository.
Real-Time Updates: Automated transaction entries updated dashboards instantly.
Compliance Automation: Regulatory checks flagged issues early, with detailed audit trails simplifying audits.
Customizable Reports: Stakeholders received tailored financial insights via Power BI dashboards.

Achievements

Reporting accuracy improved by 30%, reducing discrepancies.
Audit preparation time decreased by 25%, saving significant personnel hours.
Compliance risks minimized with automated checks and comprehensive trails.
Decision-making accelerated with instant access to up-to-date financial metrics.