How Loomis manages a fully integrated contract portfolio across multiple countries
“All stakeholders are looking at the same version of the truth.”
“All stakeholders are looking at the same version of the truth.”
Loomis is the specialist in creating an efficient cash flow in society. The company offers comprehensive solutions for financial institutions, retailers, other commerce-related businesses and the public sector. Loomis operates in more than 20 countries with approximately 23,000 employees working across around 400 branch offices.
Loomis wanted a single, integrated system to monitor and manage its contract portfolio across agreements, customers and products. In addition, the objective was to support budgeting, rolling forecasts and financial analysis while ensuring comparable reporting standards across multiple countries and source systems. Another key goal was to provide transparency and access to the same financial data for all stakeholders.
Mercur enables Loomis to monitor revenue and price changes per agreement, customer and product through a fully integrated contract portfolio within a single system.
The solution supports operations in six European countries with different source systems while maintaining common reporting standards and consistent financial structures.
By integrating budgeting, forecasting, balance sheet analysis and fixed asset reporting, Loomis has strengthened its ability to follow up on financial performance across the organization.
All stakeholders now work with the same, reliable data, improving confidence in reviews, follow-ups and decision-making processes.
Mercur has allowed us to disseminate large sets of data within meaningful reports to stakeholders almost instantly. Each report provides detailed drill-down capabilities to spin the analysis to look at the data from differing viewpoints. This has radically improved the efficiency of our month-end review and close processes, and we have confidence that all stakeholders are looking at the same version of the truth.
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