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The Indutrade Flowtechnology Management Board manage all the subsidiaries within the group making it essential for them to have comprehensive board reports that are visual in order to steer the dialogue and drive performance across the group.
"Understanding our specific needs, and adapting Empower accordingly, Metapraxis Nordic has helped us change the way we carry out our board meetings. From being focused on historically reported figures, we have now managed to balance the historical discussions and focus more on future trends. Thanks to Metapraxis Nordic and the management information tool Metapraxis Empower"
Joacim Samuelsson, Group CFO at the Indutrade Flowtechnology
Metapraxis Nordic worked with the senior financial management of the group to build visual subsidiary board reports that show both historic and future trends. The board reports were made to effectively analyze and visualize variances, historic and future trends, forecast risks and future scenarios. Important key indicators were defined and presented in monthly, accumulated and moving annual totals together with variances versus previous year, budget and forecast. Furthermore, the du Pont-scheme for analyzing profitability and working capital was included.
Enables better decision-making: Powerful tool supporting focus on top-level KPI’s. We increased focus on analysis and dialogue by creating flexible reports to answer specific key questions.
Improved cross-company collaboration: Quick and easy to compare actuals with budget and prior year, to change period, company, etc., and to switch between Group and Local currency – a great help to the internal dialogue.
Improved stakeholder confidence and buy-in: Pedagogic Du Pont analyses explains and visualizes the financial relationships.
Future scenarios / trends, based on historical data, is fundamental in supporting the management forecasts.
The Indutrade Flowtechnology, the largest business area within the Indutrade Group, is selling high tech products and solutions through their 60 subsidiaries in Europe and Asia.
The subsidiaries are governed through their boards, where we developed their board reports with focus on the sales and market development, forecast risks and future scenarios together with other important financial key indicators.
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