Extending the life of an outdated ERP for Finance needs

A SWIFTFINANCE REAL LIFE CASE STUDY​

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SwiftFinance Case Study

Background Context

The company has grown, and the ERP no longer fully meets the finance group's needs. Functional deficiencies indirectly hinder the finance department's ability to support the organization's growth.


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  • At this point, continuing to invest in custom development often becomes expensive, risky, and difficult to justify economically. 

  • Migrating to a new, more suitable ERP is a major project that impacts the entire organization, takes time and is very expensive.


Being stuck with an outdated ERP is a significant obstacle to organizational growth

Limited or slow access to financial data

Outdated ERP systems make data extraction slow, inflexible, or require a heavy reliance on IT. This hinders the finance department's ability to quickly produce reliable reports, perform accurate analyses, or respond to management requests.

General lack of flexibility to adapt

Increasingly, financial processes are being performed manually outside of the ERP using Microsoft Excel, requiring additional resources to complete them. The proliferation of in-house Microsoft Excel tools is widespread, unsecured, and untraceable. ​

Inability to sustain growth

An outdated ERP often becomes a hindrance as a company grows or makes acquisitions. It's difficult to add new entities, integrate different accounting plans, or manage new business structures. This complicates consolidation and group-wide forecasting, and slows down strategic decision-making.​

Governance and consolidation issues

With multiple data sources, manual extractions, and heterogeneous tools, it becomes difficult to ensure complete traceability, access security, and consistent consolidation of entities or subsidiaries.

SEE HOW SWIFTFINANCE CAN HELP PEOPLE LIKE YOU

A Finance Director explains how Swiftfinance enabled him to manage his budget process more efficiently outside of the ERP

Finance Director, Manufacturing

Our ERP did not allow us to manage budgets by site and by product line without custom development.

Thanks to FP&A Swiftfinance, we were able to structure a multidimensional budget model, integrated with our existing data, without modifying the ERP. The time savings and error reduction were immediate.

A finance director explains how Swiftfinance helped her consolidate her budget information from multiple ERPs more easily

Financial Director, Retail Sales

Consolidating our six entities was manual and took nearly two weeks each month. Developing this in our ERP was too costly. ​

With the FP&A solution, we were able to automate consolidation and apply custom conversion rules. This extended the life of our ERP without having to redo all our operational processes by migrating to a new ERP​

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How Swiftfinance can help you 

to extend the life of your ERP


Protect Finance Operations ⚫︎ Much more flexible reporting than any ERP ⚫︎ The ability to support growth through acquisitions ⚫︎ Customized financial applications ⚫︎ Governance and compliance

Protect the Finance function by decoupling it from the ERP

SwiftFinance offers a centralized financial model that decouples data and operations from most financial processes within the ERP. This also protects financial processes from the impacts of a potential future migration to a new, more powerful ERP, starting today.

The Swiftfinance solution makes it possible to secure the sustainability of operations by removing them from the ERP

Much more flexible reporting than any ERP​

SwiftFinance offers easy and much more flexible financial reporting than even the latest ERP financial reporting modules, in a secure, standardized and governed environment for greater efficiency and less manual operations.

The Swiftfinance solution allows for much easier and more powerful reporting than in the ERP
The Swiftfinance solution allows you to support an organization that grows through acquisition without integrating them into the ERP

The ability to support growth through acquisition

SwiftFinance allows for the integration of financial data from multiple ERPs and the harmonization of charts of accounts, much more easily than ERPs. This allows the Finance group to continue supporting the organization's growth with much greater flexibility than if the consolidation were carried out in the ERPs.

Swiftfinance solution increases ERP capabilities with centralized applications

Customized applications to overcome ERP operational deficiencies

SwiftFinance offers applications that allow you tocentrally and securely operate financial processes that are not supported by ERP and are currently managed in in-house Microsoft Excel applicationswithout governance and with questionable sustainability..

Centralized governance helps ensure compliance​

SwiftFinance provides centralized control and auditing capabilities that address the challenges created by reliance on non-ERP manual processes that are non-standardized, with a high risk of errors, loss of critical data, or regulatory non-compliance.

The Swiftfinance solution allows for the imposition of global governance above ERPs


IS YOUR ERP STARTING TO RUN OUT OF STEAM ?

Request a short interactive demonstration that shows you how you can keep your ERP despite its functional deficiencies.

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