Case Study: Helio accelerates financial reporting with BrightAnalytics

Helio doubles to 12 co-working spaces with BrightAnalytics

Helio, a Swedish provider of co-working spaces, faced a challenge when rapid growth during the COVID-19 pandemic made its manual financial reporting process using Excel and accounting software inefficient and cumbersome. The company needed a tool that could provide deeper financial analysis and be used by everyone from the CFO to individual site managers. Helio chose to implement the BrightAnalytics financial reporting platform to address this need.

BrightAnalytics provided a solution that was implemented smoothly and is used daily for financial reporting, month-end closing, and budgeting. The platform gave Helio an easy overview of its entire group of companies, enabling quick comparisons against budgets and previous periods. The results included efficient automated reporting for the CEO and COO, empowered site managers who use the tool to monitor their locations, and the ability to easily add new companies to the reporting structure. Helio reported being very satisfied with both the BrightAnalytics system and the excellent, responsive support behind it.

Helio