Discovers multicompany harmony thanks to Sage Intelligence Reporting.
Together, for over 20 years, the founders of Rypl.com have consolidated their expansive experience in digital ventures to help businesses extend their reach into new markets.
The challenge for Tony Severin, the Chief Financial Officer of Rypl.com, was to provide decision makers with timely, accurate reports that consolidated information from nine companies and five currencies. Their traditional system lacked the internal structure required to provide consistent multicompany and multicurrency reporting and translating that data in an accessible way. For this reason, Tony reached out to Mantralogix for a new solution.
Tony can now tweak or generate ad-hoc reports using the Report Designer. To date, the accounts and regional departments at Rypl.com have used Sage Intelligence to generate financial reports, income statements, balance sheets, banking reports and so forth. This access to timely, actionable and accurate information in the relevant exchange rate needed has resulted in a significant increase in business efficiency.
Rypl.com was able to consolidate nine companies with five different currencies, all of whom follow generally accepted accounting principles. Partners now receive monthly consolidated reports from Tony and his team. Rypl.com is now aiming to create dashboards for customers and is looking forward to even greater analysis and efficiencies.
“The time saved since using Intelligence Reporting equates to one resource no longer being needed plus one week’s saving.”