More efficient and accurate financial reporting at American Refining Group

ARG began the search for an easy-to-use enterprise decision management platform that would be flexible and agile for budget planning and finance applications with multiple connections to many diverse databases. It also needed to facilitate queries and the rapid creation of reports and dashboards.

Installation of the Board Platform took one week, after which ARG developers quickly designed and implemented applications to service a broad spectrum of the company’s business. With a new team of employees trained in developing on the Board Platform, they developed and deployed applications to produce analytical reports on virtually every aspect of the company’s finances, creating financial statements, KPI’s, and reports on sales, inventories, costs, margins, taxes, production planning, and expense analyses.

ARG estimates that Board has saved them hundreds of hours and related expenses compared with the time and expenditures spent closing their books at the end of each quarter in the past.

ARG has also proliferated its use well beyond financial reporting, planning and analysis to other functions like Sales, Customer Service, Logistics and Operations to provide reporting and trend analysis to help them manage their areas more effectively. The reports that the logistics team receives daily have reduced truck demurrage costs (thousands of dollars annually) by planning orders more effectively as well as saving their customer services reps a significant amount of time in managing daily workload.