Case Study: Metadynea achieves unified, automated financial planning and bilingual reporting with Prophix Software

A Cohesive Finance Solution for Metadynea

Metadynea, a Russian manufacturer of formaldehyde-based resins and a subsidiary of OJSC Metafrax, faced mounting finance challenges after its 2013 acquisition: its team was juggling two disparate systems and heavy manual work to consolidate accounts and produce multiple report sets on time. This fragmented process made accurate, timely reporting unsustainable and hindered strategic analysis.

Working with Columbus to implement Prophix, Metadynea automated budgeting, forecasting, consolidation and multi-language reporting, creating a unified financial database. The result: faster, more reliable processes, the ability to produce IFRS consolidations and country-specific (Russian and Australian GAAP) reports, a range of internal management analyses (alternative P&L, balance sheets, working capital, sales profitability, fixed assets), and more time for the finance team to focus on strategic recommendations.

Metadynea