Customer Success Story
Exclusive Tyre Distributors moves from weeks-long reporting to instant results
National Wheel and Tyre Company (NTAW) is Australia’s second-largest independent tyre wholesaler in the passenger and 4WD segments. It has a reputation for providing tyres with a lifetime warranty. ETD is a subsidiary of NTAW.
Challenge
Updating error-prone reports takes a month in Excel
NTAW and its subsidiary ETD had financial planning issues. The basic problem came down to the struggles of exporting and importing data in Excel. It was too time-consuming. The process led to mistakes that were a pain to go through and fix.
Updating reports in Excel would take two weeks, or even a month – a massive loss of productivity. The company sought a way to analyze the data more efficiently. “Excel has its limits, so I needed something else to analyze the data that exists in the entities,’’ CFO Jason Lamb said. “Excel becomes a big time sink. Exporting data, reformatting data, fixing mistakes, it all adds up, month after month. You develop a report, and then you’ll spend two weeks a month updating it. Analyzing data efficiently was a big issue for us.” Lamb and his team found Jedox and were attracted to the solution because of its Excel interface. All the company’s analysts already worked on Excel, so it would be an easier learning curve for them to get started with Jedox.
Solution
Integrating Jedox into data landscape
The team started with clear objectives and prepared by spending time locating data in the system to make it easier to transition into Jedox. The team invested time ahead of the transfer in the background of ERPs, finding what information led to what tables and how it was all connected. Jason Lamb said: “The implementation was smooth because we did a lot of planning in the background to prepare. We spent a good amount of that preparation finding out where the data existed in the system, so when the consultants turned up from Jedox, we could answer all the questions quickly.”
Outcome
Fast results in the cloud
The team got started with Jedox, and instantly the results were noticeable for everyone. The solution has had a real impact in speeding up the development of sales, financial, and consolidated reports. In addition to the time savings, it has also resulted in better decision-making and more consistent information. “It has just made my life easier,’’ Lamb said. NTAW now has a system in place to help it expand. As a multinational company with teams helping retailers expand their marketing and advertising, it has found a good partner in Jedox.
It has just made my life easier.
Jason Lamb, CFO, Exclusive Tyres Distributors
