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Food Finance
Food companies face financial challenges stemming from fluctuating prices of raw materials and goods, which directly impact their profit margins.
“I have a powerful ERP, but I struggle each month to organize my general ledger into a proper Income Statement.”
-Food Company CFO
Does your Finance Team have the Information they Need for Analysis?
Food company finance department often only have their ERP software to providing accounting information. While ERP software contains their most important data, the financial reporting and analytics capabilities are too often scarce.
Impact:
- Month-end manual fire drill to create Income Statement, Balance Statement, and Profit & Loss
- Inability to evaluate all the factors contributing to gross margins and profitability
- Delays in providing financial information to private equity or other financial firms
Finance Key Features
Food companies face financial challenges stemming from fluctuating prices of raw materials and goods, which directly impact their profit margins.
- Supplier Negotiations: Negotiating better terms with suppliers is key by extending payment periods or even lowering prices based on volume.
- Cost Control Measures: Identifying and implementing cost-saving measures, such as optimizing sourcing, reducing waste, and streamlining processes, to improve cash flow and profitability without compromising quality or customer satisfaction.
- Cash Flow Statement: Being accurate with cash flow is essential for financial stability while considering factors like days sales outstanding, days payables outstanding, and sales projections.
Neat Data’s Financials package closely measures accounts receivable, accounts payable, purchase orders, and general ledgers. Close analysis keeps you on top of the ever changing financials landscape landscape while producing formatted Financial Reports in Excel for investor and finance activities.
Finance Analysis Toolset
Built upon Neat Data and Power BI with a perfect combination of charts and detailed table views.
Product Datasheet: Neat Data for your Food ERP
Our Neat Data platform provides a pre-built data warehouse for your ERP.
- Your most important Food data
- Time and money savings
- Actionable data available on day 1
- Four packages to solve your business units’ challenges
Neat Data for Food Functionality
Hit the ground running with the Sales, Forecasting, Inventory, and Financials pages. Leverage best-in-class Power BI visualizations.