Customer story: Ensto

 

When it was time to find a new group consolidation system and improve reporting, Ensto chose FPM. Ensto has now used FPM since the beginning of year 2018, and the first user experiences have been positive.

Background

In 2016, Ensto needed to update their group consolidation system because Basware GC7 (consolidation, FA and MA reporting) no longer supported new Windows updates. Ensto decided to replace GC7 with a new system and at the same time develop and automate their reporting process.

At the beginning of 2017, Ensto researched different options, and the decision on Clausion FPM was made during the spring. The decision was reached after a reference visit and contract negotiations.

 

Why Clausion FPM?

Clausion FPM offered the best overall solution for Ensto:

  • FPM is an up-to-date and reliable group consolidation system that provides the same functions as GC7:
    • Consolidation of actual, budget, and estimate data
    • Official financial statement reporting and consolidated management reporting
  • Enables reporting on a more detailed level than before.
  • Makes analyzing data easier.
  • More dynamic and user-friendly than its predecessor.
  • Supports several consolidation structures.
  • Easy to maintain.

Lessons learned & tips

  • In the offer and planning phase, it is important to keep in mind what the main purpose the system will be. Careful planning pays off in general: the Ensto project stayed within the limits of the original cost estimate and even under the estimated project hours.
  • If the schedule or resources are too tight, unexpected absences may have a great effect on the progress of the project. In the Ensto project, the same project team was involved from start to finish.
  • Other system projects at the same time (e.g. ERP changes) will present challenges to interface testing. In the Ensto Group, major changes were happening in other systems at the same time, but big surprises were avoided and continuous reporting has been successful since the implementation.

Lessons learned & tips

  • In the offer and planning phase, it is important to keep in mind what the main purpose the system will be. Careful planning pays off in general: the Ensto project stayed within the limits of the original cost estimate and even under the estimated project hours.
  • If the schedule or resources are too tight, unexpected absences may have a great effect on the progress of the project. In the Ensto project, the same project team was involved from start to finish.
  • Other system projects at the same time (e.g. ERP changes) will present challenges to interface testing. In the Ensto Group, major changes were happening in other systems at the same time, but big surprises were avoided and continuous reporting has been successful since the implementation.

Contact us for further information!

Please fill out the form, or contact us directly: Jaakko Laurila +358 40 848 2911