Purchasing and Budgeting Tool
Worldwide famous entertainment company wants to control spending through accurate budgeting, and timely reporting of spendings.
Creative company specializing in the creation of large scale theater shows.It has created in excess of forty "permanent shows", in addition to events in more than 12 countries across Europe, the Middle East, in the United States, South America and Asia.
Purchasing and Budgeting
The company runs a new show that is unique in the world. Technical requirements for this show are unprecedented and require to deal with a large amount of unexpected spending. At the same time, as a company, spending needs to remain under control. The budget is a good guideline but how to do this without committing excessive hours into cumbersome reporting.
iExcel built a model that captured purchases and stored them in a database. Views and reports were set up to allow real time comparison between the budget and actual spending. User-friendly clicks allowed to click through accounts and pinpoint spending that drove particular spendings
Getting its spending under control allows the company for better planning, budgeting and cashflow management. It also ensures material purchase is made in a more structured manner. Precious time is saved thanks to the ready access to information without the need of long and complex research.