Olof Fransson works as CFO at Presto. He describes how the company's growth eventually led to a situation where managing the complexity of the business became too difficult.
- We had outgrown that stage in our growth journey and we needed a tool that scaled better with our business, quite simply, says Olof. Before we had INSIKT, we spent more time doing manual updates to models and follow-up templates, so it took a relatively large amount of time to keep the whole model up to date with how reality actually changed.
- Before we implemented INSIKT, we worked with an old BI-tool that could only read data and compile it, explains Tatiana Pryadko, Business Controller. She further explains that it was only financial data. Our end users could only see numbers and couldn't drill down and understand where the numbers came from. We also had work in Excel, on the side, which required quite a lot of time from us to compile all the data.
Tatiana also describes how in the past Excel files were sent back and forth within the organization, which created uncertainty about what was correct, as formulas were sometimes misleading and rows could have moved. The whole thing eventually led to a very complicated budget work.