BACKGROUND: Production Operators, Inc. (POI), a Houston, Texas-based subsidiary of Camco International, a Schlumberger company, is a leading provider of gas compression services.
PLATFORMS: POI is running FRx Visual Financial Reporting software on an NT server in a client/server environment that interfaces with Baan IV Finance.
PROBLEM SOLVED: Monthly financial reports were taking POI more than 72 hours to generate and the run time was growing at a rate of 15 to 20 percent each month. As a result only 150 of 1,050 needed reports could be produced. In addition, the company had no practical method to electronically distribute financial reports within the organization either locally or remotely. POI needed a technology solution to maximize the efficiency of the financial reporting process and provide speedier delivery of critical financial knowledge to executive-level business managers to improve the company's decision-making process.
PRODUCT FUNCTIONALITY: POI is very pleased with the way FRx is functioning. The identified problems have been solved with the implementation of FRx. Throughput on report generation has increased by a factor of 12 times on the low end and 314 on the high end. POI is rolling out FRx viewer licenses to managers who will receive reports electronically and have drill-down access to underlying report detail.
STRENGTHS: For POI, the primary strengths of FRx are increased speed in the reporting process, greater flexibility, finance-specific functionality and electronic report distribution.
WEAKNESSES: For POI, the main weakness of FRx is the fact that it does not support standard table definitions which are used within POI's primary company and shared by all other companies. FRx has made a commitment to provide database access such that POI does not have to change their existing definitions.
SELECTION CRITERIA: In evaluating solutions, POI focused the selection criteria on the ability to electronically distribute reports and the need to decrease the run times to less than one eight-hour dedicated night job. POI selected FRx because it has the best overall functional fit at a competitive price. As a financial report writer that provides a direct interface to Baan, FRx decreases the burden on IT by allowing financial end users to own and manage the financial reporting process.
DELIVERABLES: POI uses FRx to produce all of the company's monthly financial statements using transactional data stored in Baan IV Finance.
VENDOR SUPPORT: POI continues to have a very pleasant experience working with FRx. The accounting expertise FRx consultants provided during the implementation cycle was a significant contribution in the rapid deployment and use of the application.
DOCUMENTATION: FRx provided POI with complete and easy-to-read literature about Visual Financial Reporting software, allowing the company to utilize the information to run the product.
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