Alteryx > Case Studies > PASHA Holding Streamlines Reporting and Data Analysis with Alteryx

PASHA Holding Streamlines Reporting and Data Analysis with Alteryx

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Technology Category
  • Application Infrastructure & Middleware - Data Visualization
Applicable Industries
  • Cement
  • Construction & Infrastructure
Applicable Functions
  • Maintenance
  • Quality Assurance
Use Cases
  • Inventory Management
  • Time Sensitive Networking
Services
  • System Integration
  • Testing & Certification
About The Customer
PASHA Holding is a leading company in Azerbaijan with over 10 subsidiaries operating in various sectors including banking, insurance, construction, technology, property development, and tourism. The subsidiaries are spread across Azerbaijan, Georgia, and Turkey. Each month, these subsidiaries submit management reports to PASHA Holding through an MS Excel-based Single Reporting Package (SRP). The holding company consolidates these reports, performs analysis, and creates dashboards for management. The subsidiaries also submit their financial reports in '.csv' format through advanced consolidation software, which PASHA Holding uses to prepare its consolidated financial statements.
The Challenge
PASHA Holding, a leading company in Azerbaijan with multiple subsidiaries, faced significant challenges in their financial and management reporting processes. The company was spending an annual $250,000 on consolidation software, which was not only costly but also complex to maintain and update. The software was time-inefficient due to its complexity and VPN connection requirements, and it had a steep learning curve, creating a risk of dependence on staff. Additionally, the system did not meet PASHA Holding’s financial reporting needs in terms of time and quality. The company also faced issues with their management reporting. The MS Excel files used were overloaded, making them difficult to open and work with. The manual data blending process was time-consuming, and the limited functionality of MS Excel resulted in inefficient data analysis. Furthermore, the manual transformation and consolidation process posed risks to the accuracy and quality of the reports.
The Solution
To address these challenges, PASHA Holding decided to create a single Management Information System (MIS) infrastructure on Alteryx, a platform known for its data analysis capabilities. The company built workflows in Alteryx to automate both their Management and Financial Reporting processes. As a result, they were able to fully automate these processes within two months. Now, with just one click on the 'Run' button, they can generate consolidated financial statements in Word, PDF, and Excel formats. The system also includes validations that cross-check all figures across the report and notify in case of discrepancies. To visualize their management reports, PASHA Holding connected Alteryx to Tableau. The outputs of Alteryx are automatically transferred to Tableau, where dashboards and reports have been built.
Operational Impact
  • The implementation of Alteryx has significantly improved the efficiency and quality of PASHA Holding's reporting processes. The automation of these processes has eliminated the risk of manual errors, leading to more accurate and high-quality data for analysis and decision-making. The connection of Alteryx to Tableau has also enhanced the visualization of management reports, making them more accessible and understandable. Furthermore, the time and cost savings achieved through this solution have allowed PASHA Holding to allocate resources more effectively. The company is now on track to become a data-driven organization within the next three years, with Alteryx playing a leading role in this transformation.
Quantitative Benefit
  • Annual savings of $250,000 by replacing the previous consolidation software with two Alteryx licenses
  • 720 working hours saved each year in the preparation of consolidated financial statements
  • 480 working hours saved each year in the preparation of monthly management reports

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