"With Microsoft's Performance Management solution, we slashed our consolidation process from a half-day process to about fifteen minutes."

 – William Switzer, Controller, TAC Americas

Customer Profile

TAC, a Schneider Electric company, provides building automation solutions based on Open Integrated  Systems for facilities IT. The company provides added value through building environment services for indoor climate, security and use of energy, delivered with advanced technology to end users and property owners throughout the world. With 80 years of experience in the HVAC, building automation and security arenas, TAC has earned its leadership position in the industry.

Business Challenge

In the face of aggressive growth, TAC Americas, a division of TAC, found it increasingly difficult to conduct month-end financial closing and report results to Schneider Electric. On average, an accounting manager spent nearly a day each month orchestrating the financial consolidation process, gathering data from multiple systems in Excel and running the required reports. This cumbersome process failed to give TAC Americas insight into its financial standing on a day-to-day basis, leaving managers to make decisions based on out-of-date information. With the prospect of additional acquisitions and even more data systems to consolidate, TAC Americas knew it had outgrown its process.

Solution

With the help of Artis Consulting, a consulting services firm specializing in design, development, and deployment of data-centric Business Intelligence and Performance Management solutions, TAC Americas implemented a solution that incorporated Microsoft Office PerformancePoint Server 2007.  Comprehensive by design, PerformancePoint facilitated financial consolidation, budgeting & forecasting, and analysis for TAC Americas. Streamlining these processes brought all financial data into a single repository. Now management can view the latest trial balance information daily to see where the company stands. Because business consumers work from the same set of accurate data, employees no longer waste time arguing the numbers. Rather, they spend more time digging into the financial results and making better business decisions across the organization.