Kvadrat says goodbye to MS Excel

for the budgeting process

Kvadrat says goodbye to MS Excel for the budget process

No more trying to consolidate 25-30 companies in Excel for Kvadrat A/S.

It cost too much time and caused too many errors for the big textile company.

“Now, we have a system supported budgeting process with Jedox," says Finance Manager Laurent Weiler, who is managing the budgeting projects at the Ebeltoft headquarters.

“We began the project in August, where we, along with Accobat's consultants, built sales templates which are templates for entering sales at a brand/seller level. Since then, we´ve built cost templates, which are our templates for entering the total cost. This means that we now have a clear overview of P & L, which alloes us to to drill into details at a segmental level, such as retail,” explains Laurent Weiler.

Flew the plane, while it was being built

When the budget process for 2016 came to an end, everyone agreed that it would never again be done in Excel. "We wanted a strong software solution for forecasting, planning, and consolidation, but we were a little late for the party, because we were still testing out different systems," says the finance manager.

However, the choice fell on Jedox. "That's because it's a flexible solution that's not as heavy and square as other systems on the market. Jedox is also a very fast system that updates quickly in our data warehouse, so that the data is always fresh."

Although Kvadrat launched the new software project in late summer, they immediately started using Jedox for budget planning. Now they can access and analyze the results at the top and bottom of the chart of accounts across all companies and currencies.

In addition to Excel, Kvadrat also used their Axapta ERP system (Dynamics AX) in the budgeting phase. In the future, only Jedox will be used for budgeting. "Then we can also cut out the time in the budget process we usually spent on uploading data from Excel to Axapta," says Laurent Weiler.

Smooth collaboration

The finance manager also says he is pleased with the collaboration with Accobat's consultancy team. "We have had a very good experience with the team, which consists of a good architect and a strong project manager. They are very flexible and service-minded, and they are quick to understand the business and its challenges," Laurent Weiler concludes and says that it was also Accobat's team that came up with Kvadrat's Power BI-solution.

About Kvadrat A/ S

Since 1968, Kvadrat has been at the forefront of the textile business. The company is known for providing textiles for furniture repairs, blankets, and curtains made by renowned designers.