Financial Reporting Matrix makes it easier for the Randaberg Municipality to present data more effectively in Power BI.
This customer testimony provides insight on a municipality that pays special attention to the importance of communication and distribution, especially when choosing the best tool to present their financial reporting.
“The numbers are stuck in a million rows of numbers, but now Profitbase has made the impossible possible.”—Lars Vedøy, financial manager at Randaberg Municipality
Reading the operating results from the Randaberg Municipality has never been quite a pleasurable experience, up until now. If you speak to the financial manager at Randaberg, Lars Vedøy, he would even tell you that it’s a joy to look at the finished products of their reporting now, something that he never thought would be possible. He is beyond satisfied, to say the least.
All the loose ends have been “sewn together,” as Vedøy happily refers to the tidied up numbers that correspond to their financial reports on the Randaberg’s website.
This is a true game changer for Randaberg, as they can finally say goodbye to the endless excel sheets with numbers that had to plotted over and over again. If you ever made a change in one section of the excel and forgot to do so in another, endless errors will appear, preventing you from getting the work done effectively.
The central part of the solution is called Microsoft Power BI. This is a system that a lot of companies utilize for financial managements and reporting. The system is a comprehensive one that enables analysis, data capturing and visualization. Anders Aano, the product manager at Profitbase, has created the Financial Reporting Matrix which makes it easier and more effective to present figures in Power BI. This is definitely a plus for Power BI users who want to find even easier ways to build their financial reporting.
Anno is in charge of taking care of the customer requests from the Randaberg Municipality, and he received a personal request from Vedøy.
“We need a financial solution that is in line with what the state administrators expect. This means a tool that can generate the most comprehensive and clear overview of the municipality’s finance,” stated Vedøy. Previously, it took a lot of time and human labor to produce the results that the Financial Reporting Matrix can do in just a fraction of the time. This saved the municipality a huge amount of time and resources, and Vedøy can finally let out a sigh of relieve.
The essence of saving and time effort stem from streamlining and digitizing. These are two terms that apply to most of the work processes today, which also include the municipality’s finances.
When it comes to saving time, Vedøy commented, “I really like the idea of saving time wherever we can, rather than wasting valuable time on something else. That will be much more efficient.”
Vedøy believes that Profitbase has done a solid job with the actual production of the reporting solution and provided good training for him and his colleagues, where they can now take over on their own.
The world has simply moved forward since Vedøy first took office in the Stavanger Municipality’s Finance Department in 2012. After so many years of experience, he is sure of one thing—If you can avoid plotting number in more than one place, avoid it! After all, he’d rather put his time and effort to areas where they are needed.
Even though an effective financial tool wouldn’t change the course of the economy, but it does make work more smoothly than before for people at the Randaberg Municipality, located in a luscious green pasture.
“Thing are still quiet around here, but this only means that things are working as they should,” stated Vedøy. In such a versatile economy, sometimes no news is good news.