JEDOX SUCCESS STORY · MANUFACTURING
Faster planning across 50 global offices with 80+ different currencies
DyStar, a textile dye manufacturer with more than 150 years of history, had outgrown Excel-based reporting and planning across more than 50 offices worldwide. Its controlling team implemented Jedox themselves, connecting it to SAP and consolidating global data in over 80 currencies.
50+
global offices covered
80+
currencies consolidated
1 week
to implement Jedox
About DyStar
DyStar Group is a textile dye manufacturer and provider of products and services for the textile industry, with more than 150 years of history. It manufactures locally around the world, has a presence in every major market and operates more than 50 offices. DyStar has been owned by Platinum Equity since 2004.
Challenge
No multicurrency support in Excel
DyStar’s Excel-based reporting and planning could not keep pace with the demands of a global business. The process was labour- and time-intensive, offered no multicurrency support and could not process global data volumes quickly.
There was no writeback for online simulations, and every change to a report needed IT effort. Thomas Seeler, then Head of Corporate Controlling, set out to find a unified planning, analysis and forecasting solution that was easy to use and responsive.
Solution
Implemented in-house within a week
The team implemented Jedox within a week. Built-in SAP connectors pulled data from SAP BW/BI and SAP SEM-BCS, and profit and loss statements were built with actuals at every corporate level for more than 50 offices.
Jedox Web was used to gather ad hoc information from around the world in one place. Controllers then extended Jedox to planning, replacing older systems through a phased rollout that was validated at each stage. The initial setup was carried out entirely in-house, with no external consulting costs.
“We carried out initial setup completely by ourselves.”
Thomas Seeler
Then Head of Corporate Controlling
DyStar
Outcome
Data consolidated in 80+ currencies
DyStar now consolidates global data in over 80 currencies. Standard and self-service ad hoc reports are delivered to management, the board, sales, controllers and the private equity owners.
The solution provides online simulations, faster query responses, governance and an audit trail, and has reduced dependence on Excel. Finance owns the solution, with IT supporting the platform, and new users and data can be added easily.
We could add users and capture more data easily.
Thomas Seeler, Then Head of Corporate Controlling, DyStar
Jedox in use at DyStar
- Planning
- Reporting and analysis
- Jedox Web
- SAP BW/BI integration
- SAP SEM-BCS integration
Read more Jedox success stories, see how Jedox supports manufacturing finance teams, or find out about Jedox implementation in the UK & Ireland.
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Want results like DyStar?
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