Case Study: Hammond Power Solutions achieves fast ROI and streamlined financial close with Dynac CPM

Dynac provides Corporate Performance Management (CPM) to Enhance Your ERP

Hammond Power Solutions Inc. (HPS) needed a better way to handle budgeting, reporting, and consolidation, and initially expected to solve those issues with a new ERP. During the RFP process, HPS discovered Dynac’s Corporate Performance Management (CPM) software, including its consolidation capabilities, and decided it could postpone the ERP purchase while improving financial control processes.

Dynac implemented a flexible, user-friendly CPM solution that helped HPS run parallel Canadian GAAP and IFRS reporting, complete its IFRS conversion on time, and streamline month-end consolidation, reporting, Excel integration, and data mining. HPS reported a return on investment in less than six months, with savings from reduced manpower, no need for additional senior staff or external consultants, and ongoing efficiency gains as the company acquired more international businesses.

Hammond Power Solutions Inc.

Chris Huether

Chief Financial Officer