"Monthly closing ready on the first workday of the following month."
Nhu-Cuong Ngo
Managing director of dataLoom.
dataLoom. GmbH
Company profile
dataLoom. supports companies in implementing data-driven analysis & planning solutions for HR & Finance.
An experienced team of consultants combines professional & technical know-how to create innovative data solutions that help people create clarity and shape processes in an increasingly complex world. When it comes to analytics, dataLoom. relies in particular on solutions from the SAP Business Data Cloud.
Pain points
Time-consuming preparatory work for monthly closing
System silos and media discontinuities, e.g. in the interaction with the agency software MOCO
Limited visibility into liquidity, financial performance, and outstanding receivables
Goals
Noticeable reduction of manual workload in day-to-day accounting and VAT filings
Creation of seamless, fully digital end-to-end financial processes
Introduction of insightful real-time reports
Results
As a thought leader in data-driven analytics & planning solutions for HR & Finance, dataLoom. has consistently pursued a holistic digitalization of financial administration from day one and found the perfect partner in Frienton:
Establishment of Frienton as the “financial backbone,” with seamless integration of all relevant data from the upstream system MOCO
End-to-end, fully digital accounting & controlling processes from bank transactions all the way through to the tax accountant
Complete monthly closings by the first working day of the following month with minimal manual effort
Maximum transparency into the current financial status in real-time
With Frienton, we found an innovative financial solution that gives us real-time insights into our finances—without the hassle of working in Excel. The platform takes the burden of financial administration off our shoulders, allowing us to focus on what really matters.
Nhu-Cuong Ngo
Managing director of dataLoom.
