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Situation
Speedcast, a global leader in high-speed communication networks, operates in over 40 countries with more than 40,000 active remote sites. Managing financial operations for 109 subsidiaries across different tax regimes presented a significant challenge.
Each subsidiary used various applications such as Coupa and Kibo, while Navision 2017 served as the core finance system. The lack of integration led to fragmented data, inefficiencies, and reconciliation issues.
The challenge
Data Fragmentation
Multiple disconnected systems created data silos, making reconciliation difficult.
Manual Data Transfers
Manual movement of data increased errors and delayed reporting.
Time-Consuming Consolidation
109 subsidiaries required heavy effort to consolidate financial data.
Non-Standardized Processes
Lack of uniform processes led to inconsistencies across regions.
High IT Costs
Managing multiple systems increased IT overhead and complexity.
The solution
Defacto implemented a centralized Navision-based solution integrating all third-party systems, automating workflows, and standardizing processes.
- Centralized Database — Unified all 109 subsidiaries into one financial system.
- Third-Party Integrations — Connected Coupa, Kibo, and other tools seamlessly with Navision.
- Automation — Automated posting and reduced manual effort.
Key outcomes
- ✓Standardization across all subsidiaries
- ✓Automation of financial operations
- ✓Improved accuracy and reporting
- ✓Reduced IT costs and complexity
- ✓Better decision-making with real-time insights
Company details
Products & services used
