Case Study: Akribis Systems achieves faster, audit-ready financial consolidation with insightsoftware JustPerform

Akribis Systems From Spreadsheet Struggles to Seamless Consolidation With JustPerform

Akribis Systems, a global manufacturer of high-precision direct drive motors, was relying on spreadsheets to manage financial consolidation across multiple entities. This created major challenges around collecting and standardizing data from different formats, controlling the consolidation process, and maintaining accuracy and data integrity. They turned to insightsoftware’s JustPerform to address these reporting and consolidation pain points.

With insightsoftware’s JustPerform, Akribis Systems automated currency conversions, intercompany eliminations, data mapping, and standardization through business rules and Data Flow designer, while also gaining seamless integration with its transactional system and audit-friendly reporting packs. The result was a faster, more accurate close, with books closed 60% faster and the consolidation process implemented in just two months.

Akribis Systems

Bong Liek Han

Group Finance Controller