Improved accuracy and comprehensiveness of financial analytics across 40 markets

Li & Fung —a world leading supply chain solution and trading company with 117 years rich history of serving global top retailers and brands—recognized the pressing need for prompt transformation in 2021. With the market trends, consumer preferences, and global supply chain challenges evolving rapidly, the company realized that it needed a more advanced, robust, and agile approach to financial reporting, planning, and analysis that prioritized the multidimensional growth and profitability of its products, segments, and countries. It became apparent that their existing financial tools were insufficient for their complex business needs.

In their pursuit of a solution, Li & Fung turned to Jedox, which caught their attention with its impressive ability to handle intricate reporting and analytical demands. The critical phase of integrating Jedox was successfully done through the close partnership between the professional Vantis team, who skillfully crafted and executed tailored ETL processes, and Li & Fung’s Finance and Accounting project team.

The transformation brought about by Jedox was profound and impactful. It enabled Li & Fung to connect extensive data across various platforms and systems, and offices in 40 different markets. This bolstered the accuracy and comprehensiveness of their financial analytics and offered valuable insights for decision-making and driving results. Furthermore, Jedox’s capability to adjust rapidly and automatically to changing conditions, and its reliability, made it the key platform for Li & Fung’s planning and performance management.

Li & Fung has since 2021 continued to adopt new features offered by Jedox, and the company is currently exploring the AI features.