Case Study

FinAlyzer accelerates financial consolidation & statutory reporting for TalentEdge by 85%

“Our approach to streamline and modernize reporting have paid off. We have been using FinAlyzer since 2015 which assists us to complete our consolidation in 3 days and focus more time on running the business with intelligent performance reporting in real time.”
Balaji Thotadri
Chief Financial Officer

Industry:

Education & Learning

Overview:

  • Talentedge is an Ed-Tech firm, first to bring “Live & Interactive’’ anywhere learning in digital format
  • Talentedge offers courses jointly with world-leading institutes and corporates.
  • They enable working professionals to plan their future course of action and fast track their careers.
  • Their ability to recreate classroom type interactions in virtual world has struck a chord with over 300,000 individuals and corporate learners.
  • Partners include top Indian & International institutes including IIM, MICA, SPJIMR, Jack Welch Management Institute & renowned Indian corporates.

The Challenge

The consolidation process was manual, error prone and the aggregating in excel used to take weeks to finalize the financial reports. MIS reporting was becoming very complex with rapidly growing business and offerings, making it very cumbersome to track profitability and segment performance.

The Objective

TalentEdge’s goal was to complete the consolidation in the 1st week following the month end and generate timely MIS reports to get meaningful and deeper insights into the financial and operational performance of the organization.

The Solution

FinAlyzer was implemented to automate consolidation, statutory and management financial reporting. With FinAlyzer’s MIS module, TalentEdge was able to give get a better view into the performance of their various offerings and which of their training centers performed better than the others. FinAlyzer was configured to deliver financial MIS, statutory IndAS, segment level profitability reporting, management dashboards and KPI reporting.

The Results and Benefits

TalentEdge could complete the entire consolidation process in 3 working days and generate ready to print statutory report with notes to accounts directly from FinAlyzer.   Online MIS dashboards & reports have enabled the management teams to focus on decision making and driving better performance.