“The solution makes it easy to analyze performance over time and drill down into different business dimensions.”
ICAM is a chocolate manufacturer and a leading company in non-conventional chocolate production, focusing on organic, fair trade, sugar-free and gluten-free products. Founded in 1946, ICAM produces chocolate in Lecco, Italy, and is an ambassador of Italian quality in chocolate production for consumers worldwide.
ICAM wanted to improve stability and efficiency in its reporting and planning processes. The objective was to move from an Excel-based solution to a system that could provide reliable financial statements, support monthly forecasting, and enable secure access to actual, forecast, and budget data in a single database.
ICAM now produces monthly financial statements based on standardized calculations for cost of goods sold, accruals, and adjustments.
The system enables ICAM to update forecasts monthly using driver-based calculation functions.
Report packages for management are created using predefined templates, ensuring consistency and efficiency.
ICAM can analyze performance over time and drill down into different business dimensions for dynamic analysis.
All actual, forecast, and budget data is accessible in one secure database, replacing Excel-based processes.
The solution lends itself very well to make an analysis over time and compare the results of different periods. In addition, they use the system very much to drill down into different business dimensions to perform dynamic performance analyzes.
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