Xilinx, Inc. is a leading supplier of programmable logic solutions. It is known for inventing the field-programmable gate array and as the first semiconductor company with a fabless manufacturing model.
FINANCIAL REPORTING LACKED EFFICIENCY
Xilinx’s financial reporting system was used by the finance team and executive staff to track revenue, shipments, and backlogs. These reports helped leadership see how the company was performing on a daily, weekly, and quarterly basis against the forecast set by different market segments.
Reconciliation of data with the existing system involved performing complex spreadsheet calculations, a task requiring two financial analysts querying the Essbase cube and crunching numbers to build these reports manually in Excel and PowerPoint daily. Further, no portal existed for executive management to access reports once they were ready to be published, so they were manually sent out via email.
The existing way of running financial reports was inefficient both from a resource and time perspective. Xilinx wanted an automated financial reporting system that would give executives access to real-time reports across multiple geographies for better insight into business health.
Specific business goals included:
- Real-time reporting of financial data in Oracle Business Intelligence Enterprise Edition (OBIEE) from Essbase and planning cubes
- Interactive and intuitive dashboards with graphical and drill-down capabilities to help business users make informed decisions
- A mobile reporting platform that provides executives access to key summary reports