The Wonderful Company Streamlines Financials and Increases Profitability with Improved Data Analytics
Improved Financial
Data Management
Seamless
Real-Time Analysis
Integrated
Reporting
Higher
Profitability
Superior
Business Intelligence

Challenge

The Wonderful Company is a privately held $5 billion product company committed to offering high quality products which help consumers make healthier food choices. They hold a highly diverse portfolio of well-known brands like Fiji Water, Pom, Halos Mandarin Oranges, and Wonderful Pistachios and Almonds. One of the fastest-growing consumer packaged goods (CPG) companies in the US, The Wonderful Company takes an innovative approach to branding commodity products.

Recent growth through acquisition put The Wonderful Company in the difficult position of managing diverse financials using a heterogeneous system of applications and analytics tools, including five different enterprise financial applications. Performing required functions – from tracking overdue invoices to closing a complete set of financial statements – became increasingly challenging and labor-intensive.

Additionally, the company knew it needed an integrated analytics platform that senior management could use to understand and manage the overall health of the business without disrupting the existing financial systems for each business.

With greater visibility across product businesses, they knew they could make better, faster decisions about allocating investments and resources. Achieving this required addressing issues of production data quality and integration and creating a unified business intelligence system that covered the end-to-end financials of the overall business.

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Data Preparation

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Business Intelligence

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Data System Architecture

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New Application Development

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Business Intelligence

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Data Analytics – Operational

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User Interface Design

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User Self-Service

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Solution

Kanerika started by understanding the sources of The Wonderful Company’s financial data. They leveraged Informatica cloud integration to collect, organize, and integrate the diverse data streams and flowed these into a new Snowflake data warehouse.

Kanerika designed and executed the needed Microsoft Power BI dashboards and reports, supporting more than 70 key performance indicators (KPIs), including corporate-level financial statements, general ledger reporting, and the entire procure-to-pay (P2P) process.

Results

  • Faster strategic and operational decision making

    Senior executives identify strategic issues and opportunities and respond quickly to changes in market conditions with intelligence from meaningful visualizations built on consistent data.

  • Faster financial close

    Corporate finance teams can easily and accurately close both internal and external financial statements with integrated data from all business units.

  • Improvements without business disruption

    Corporate executives have the information and reports they need without making changes to individual business unit analytics.

Why Kanerika?

Many successful companies struggle to transition from silos of departmental analytics to a corporate business intelligence system. Rather than just functional silos, The Wonderful Company manages a portfolio of individual operating businesses, each with unique processes and financial systems that needed to be maintained without disruption, amplifying the challenge.

Kanerika’s expertise and pragmatic approach provided The Wonderful Company with a topline corporate data analytics architecture without impacting the underlying business data systems.

Are you ready to accelerate your business?