Downer EDi Project Summary
The Challenge
The organisational diversity and geographic spread of Downer EDi presented serious challenges to Peter Reichler, Chief Financial Officer. Part of Reichler’s challenge arose from Downer’s past, which includes a number of mergers, acquisitions and joint ventures. These in turn led to a variety of accounting systems being used across the group. From this disparate collection of numbers and accounts, Reichler had to distil a single view of the Downer EDi world, ensuring both quality and transparency.
The Solution
Following a review of options, Downer EDi selected Taysols to design and implement a consolidation and reporting solution. Key to Taysols’ selection was the professional approach and the quality of references provided. Reichler said, “Reference calls can be quite revealing. The Taysols clients we contacted praised their professionalism and their subject matter expertise. A key differentiator was the resounding endorsement for the Taysols consultants.”
Hyperion Financial Management was selected to provide statutory and management consolidations; Hyperion Financial Data Management to enable the mapping and load of data from various source systems; and Hyperion Financial Reporting and SmartView to report on the loaded, created, and consolidated data. The project comprised the design and build of a management and statutory reporting solution and the integration of multiple globally distributed source systems. Taysols also provided project management and training services, the latter being crucial to the successful handover of the finished product.
The project commenced in January 2007 with implementation set for July of that year. Working closely with Downer EDi staff, Taysols delivered the complete solution on time and on budget.
The Result
The project delivered more than a financial reporting toolset. It provided Downer EDi with an elegant and efficient set of processes. Moreover, Downer is equipped to manage the new reporting processes with minimal assistance from Taysols. This comprehensive solution is a satisfying example of the Taysols’ approach to business improvement.
“Taysols is very pleased to partner with Downer EDi, a great Australian company. We are committed to their ongoing success,” says Mark Taylor, Director of Taysols.
"Key to Taysols’ selection was the professional approach and the quality of references provided. Reference calls can be quite revealing. The Taysols clients we contacted praised their professionalism and their subject matter expertise. A key differentiator was the resounding endorsement for the Taysols consultants.” Peter Reichler, Chief Financial Officer.