Case Study: Replenex achieves faster month-end closing and improved financial visibility with Phocas

Closing the books faster is a huge payback when it comes to automated financial reports

Replenex, a fourth-generation industrial distribution business, needed a better way to manage financial reporting and data after losing the person who maintained its homegrown system. The company wanted a single source of truth that could integrate with its Infor CloudSuite Distribution ERP, reduce manual work, and improve the speed and accuracy of month-end reporting.

Phocas implemented Phocas Analytics, along with Phocas Financial Statements and Phocas Budgets & Forecasts, to automate reporting and consolidate data in one cloud-based platform. The results were significant: month-end AP/AR reporting dropped from 7–10 business days to 3, past due AR fell to a record-low 7.5%, and Replenex gained greater confidence in its financial data and a stronger foundation for future growth.

Replenex

Tony D’Aquisto

Vice President of Operations and Integrator