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    Home BlogFinancial project follow-up and reporting for Randaberg Group

    Financial project follow-up and reporting for Randaberg Group

    March 24, 2020

    Financial reporting and reporting for project plans

    Randaberg Group uses Axapta as its ERP system for group companies. By implementing Profitbase, the goal was to have an interface that would simplify financial project follow-up and reporting.

     

    To create the reports, we used Profitbase InFront as well as Studio to create the cubes. The solution consists of cubes both for finance and for projects, as well as reports for results, balance sheets, project overview, project results and reconciliation. Read more about reporting and analysis here.

     

    Flexibility

    Randaberg Group needed a simpler interface in addition to extracts from its ERP system, and Profitbase has strong experience in this area.

    “
    “The implementation of Profitbase accross Randaberg Group has met all our expectations and objectives. The project was completed on schedule, and we are very pleased with the flexibility built into data retrieval. This allowed us to resolve issues identified during the implementation of the project to be effectively.”
    Jan Egil Skeie, CFO of Randaberg Group

    A wide range of products and services

    Randaberg Group supplies a wide range of products and services through its subsidiaries. Randaberg Industries supplies many different solutions, such as subsea structures, modules and skids. Randaberg Coating provides a broad spectrum of surface treatments, while Randaberg Technology specialises in the construction, sale and rental of electric and diesel-powered compressors.

    “
    ``Profitbase is very helpful at month-end, especially considering that it facilitates the job of analysing results. We also use the system for extracting financial data related to projects, which is important in a business like ours, which is mainly project-oriented.”
    Egil Skeie, CFO of Randaberg Group

    For Randaberg Group, what matters most is that they can make the best possible use of the configured solution. As the solution becomes utilised to the maximum, it may be appropriate to look at an extension. For us at Profitbase, it was exciting to develop the solution for Randaberg Group and we look forward to collaborating on more projects moving forward!

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