Integrated project management and financial accounting gives FEV faster access to controlling information. It used to take 20 days to get monthly closing data; today it takes a week. Moreover, data entry has been reduced due to the higher level of automation. Business KPIs are more transparent, and knowledge management will be stronger in the future.
- Germany
- Automotive
- 1,300 employees worldwide
What they got
- Books closed within a week after the end of the month
- Less work required to enter data thanks to increased automation
- Business KPIs more transparent
- Greater potential for knowledge management
What they bought
IFS Financials
IFS Project Management
IFS Purchasing