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As part of this shift into a more industrial holding company, Finmeccanica examined its reporting processes—and found that they did not fit with the new, integrated approach it planned. Finmeccanica executives decided that they wanted a better way to manage the reporting process—one that would give decision makers more comprehensive information and provide deeper insight into business performance.
Finmeccanica selected Accenture to help it move to an enterprise performance management process that would fit with the group’s new focus on integration as an industrial holding company. The selection was based on Accenture’s ability to bring both technology and business knowledge to bear in an innovative approach, and also on Accenture’s earlier work with Finmeccanica operating companies on various initiatives.
With new EPM processes, Finmeccanica quickly saw improved data integrity and consistency due largely to the group-wide data-governance model and the automatic collection of data.
Data management has been streamlined, allowing the company to focus on analyzing data rather than on the set up and preparation of reports. And, information from the various companies can now be easily gathered and combined, without the need for re-keying data or numerous redundant requests for operating company reports.
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