LIV-EPI - Automated Financial Forecast for Project-Based Firm
Case study of connecting accounting with projection models in one of the largest engineering firms in Slovakia, bringing real-time visibility and automation of financial forecasting.
Challenge
Engineering-project firm. 20+ designers. Projects across energy and industry. Complex project profitability management.
LIV-EPI, one of the largest engineering firms in Slovakia, contacted us based on a reference from IFT. They needed to connect their functioning ERP KROS Omega with detailed but manual project forecasting in a series of Excel spreadsheets.
Key need: Automated financial forecast with connection to actual accounting data - critical factor for project-based firms.
When you design for clients in energy, each project has its specifics:
- Different project durations
- Different cost structures
- Need to track profitability in real-time
- Decision-making based on long-term cash flow outlook
Manual updates in dozens of Excel files were time-consuming. They needed an automated solution integrating accounting and projections.
Solution
Modernized Financial Reporting over KROS Omega
Direct connection of ERP KROS Omega with our Power BI platform.
Complete financial management reporting - P&L, Balance Sheet, Cash Flow Statement, all in real-time from accounting data.
Integrated Projection Model (our flagship for project-based firms)
Structured projection model directly synchronized between accounting and existing manual projections:
- Automatic updates from accounting records at transaction level
- Reduction of manual inputs to minimum project-related inputs
- Detailed financial and cash flow forecast reporting
- Long-term visibility built on actual data
Result: Management has at any moment not only reporting about the past, but also automated outlook for the future.
Real Impact
Before implementation: Weekly updates of project forecasts in Excel spreadsheets. Manual matching with accounting data. Time lag between plan and reality.
Action: Deployment of integrated projection model synchronized with KROS Omega.
Result:
- Automatic forecast updates from accounting entries
- Reduction of manual work
- Real-time visibility of cash flow projections
- Controlled growth with long-term visibility
System scales with the company - adding a new project means only configuration in the model, not creating new Excel files.
Transformation
Automated financial forecast | Integration of accounting and planning | Real-time cash flow projections | Minimal manual inputs
Before implementation:
- Quality ERP system KROS Omega for accounting
- Detailed project planning, but manual in Excel
- Weekly updating cycles for forecast
- Time lag between actual and plan
After implementation:
- Automated connection of accounting data into projections
- Updates at transaction level
- Minimization of manual inputs
- Real-time overview of financial and cash flow outlook
Management transitioned from reactive reporting to proactive forecasting with long-term visibility.
Project-Based Firm with Complex Projects?
If you work on a project basis and need connection between accounting and financial planning, we’d be happy to show you our integrated projection model in action.
What you get:
- 30-min demo with your data
- Free forecast audit - we’ll show you where you’re losing time on manual updating
- Specific recommendations for your situation
Contact: contact@onetribe.sk | onetribe.sk
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