Published on 27-Jul-2011
Validated on 02 Jan 2013
"Bistech’s expertise and ability to cater to our specific business needs were second to none. This innovative solution supports our cash flow reporting and analysis requirements and addresses our broader planning needs – positioning us as one of the top mid-tier construction companies in Australia." - Grant Statton, CFO, FK Gardner and Sons
FK Gardner and Sons Group
Construction / Architecture / Engineering
IBM Business Partner:
The FK Gardner & Sons Group (FKG) is a leading Australian construction company. It provides commercial construction, civil engineering, development, plant hire and plumbing services to a wide range of clients.
As a diversified business, FKG has been rapidly growing, particularly in terms of staff numbers and clientele. As it has expanded, internal and external stakeholder reporting requirements have also grown, with the need to provide a consolidated view of financial information in a very quick and dynamic manner.
FKG centralised its data in IBM® Cognos® Xcelerator for easy and effective management, providing users with more consistent and integrated information.
Saving up to $400,000 per year and enhancing risk management with IBM Cognos Express software
Generates consolidated, dynamic reports quickly and efficiently, freeing up time to analyse business projections and make better business decisions.
The FK Gardner & Sons Group (FKG) is a leading Australian construction company. It provides commercial construction, civil engineering, development, plant hire and plumbing services to a wide range of clients. From schools to office buildings, substation facilities to nursing homes, FKG has built a diverse cross-section of facilities for both public and private clients within varying sectors such as health, education, community, mining and industrial, commercial and retail. The company has more than 350 staff and an annual turnover in excess of $280 million.
As a diversified business, FKG has been rapidly growing, particularly in terms of staff numbers and clientele. As it has expanded, internal and external stakeholder reporting requirements have also grown, with the need to provide a consolidated view of financial information in a very quick and dynamic manner. It was becoming imperative to better support the micro and macro business objectives associated with managing risk and, in turn, provide investors with the required confidence in FKG’s business.
FKG’s previous reporting system was a hybrid amalgam that did not fit the needs of its numerous business divisions. Double handling made the reporting process lengthy and inaccurate, as well as difficult to manage and analyse. Apart from inadequate Excel spreadsheets, there was no method to produce integral cash flow forecasts. FKG needed one consolidated, useable format that would provide its users with an accurate vision of the future and a solution that could give them a competitive advantage in the market.
Leverage Bistech’s experience and expertise to architect a performance management solution specifically tailored to FKG’s business needs.
Purchase IBM’s leading mid-market Cognos Express Xcelerator platform.
Consolidate the reporting and planning process for all departments through the implementation of an integrated reporting and planning solution.
- Improves reporting processes, virtually eliminating IT’s involvement in report development and streamlining accounting reporting – allowing reports to be produced on a timely basis.
- Makes data available sooner, improving budget awareness and the ability to manage and control fixed costs – saving $400,000 per year.
- Pushes reporting capabilities to new limits, obtaining enhanced awareness of cash flow.
- Creates a variety of key reports in a timely, logical and consistent fashion.
- Provides both internal and external stakeholders with detailed cash forecasts and the required confidence to secure ongoing lines of credit.
- Gives users more time to analyse the integrated information held in Cognos Express Xcelerator, helping them understand its implications and make better business decisions.
- Reduces business costs by at least $400,000 per year, and provides the priceless ability to manage potential business risks more effectively.
- Generates consolidated, dynamic reports quickly and efficiently, freeing up time to analyse business projections and make better business decisions.
- Fulfills both internal and external stakeholder requirements for more accurate and timely cash flow forecasts.
- Centralises data in IBM® Cognos® Xcelerator for easy and effective management, and provides users with more consistent and integrated information.
- Leverages Bistech’s proven expertise to build a solution specifically tailored to FKG’s needs.
Bistech helps their clients to realise the vision of an enterprise solution that not only provides visibility on key drivers of the business but also connects back through the Planning cycles of the business to integrate the strategic plans of the future. This is accomplished using our best practice methodology to extract key data from various operational systems into a centralised data repository and layering in the Reporting, Analysis, Scorecarding & Planning tools for end user access.Most organisations recognise that good technology alone is not a guarantee of success.
An experienced partnership with the Bistech team can make all the difference in ensuring your vision becomes reality. Our team of Certified Consultants are leaders in their field and are dedicated to help your company achieve the full value of your Performance Management investment. We utilise a proven methodology for designing, constructing and deploying Performance Management solutions and have played a key role in delivering solutions for numerous companies and organisations.
About IBM Business Analytics
IBM Business Analytics software delivers actionable insights decision-makers need to achieve better business performance. IBM offers a comprehensive, unified portfolio of business intelligence, predictive and advanced analytics, financial performance and strategy management, governance, risk and compliance and analytic applications.
With IBM software, companies can spot trends, patterns and anomalies, compare “what if” scenarios, predict potential threats and opportunities, identify and manage key business risks and plan, budget and forecast resources. With these deep analytic capabilities our customers around the world can better understand, anticipate and shape business outcomes.
For more information
For further information or to reach a representative please visit ibm.com/analytics.
Products and services used
IBM Australia Ltd, Level 13, IBM Centre, 601 Pacific Highway, St Leonards, NSW 2065. Produced in Australia, July 2011. All Rights Reserved. IBM, the IBM logo, ibm.com, and Cognos are trademarks of International Business Machines Corporation, registered in many jurisdictions worldwide. A current list of other IBM trademarks is available on the Web at “Copyright and trademark information” at http://www.ibm.com/legal/copytrade.shtml. Other company, product or service names may be trademarks, or service marks of others. IBM and Bistech are separate companies and each is responsible for its own products. Neither IBM nor Bistech makes any warranties, express or implied, concerning the other’s products. References in this publication to IBM products, programs or services do not imply that IBM intends to make these available in all countries in which IBM operates. Any reference to an IBM product, program or service is not intended to imply that only IBM’s product, program or service may be used. Any functionally equivalent product, program or service may be used instead. All customer examples cited represent how some customers have used IBM products and the results they may have achieved. Actual environmental costs and performance characteristics will vary depending on individual customer configurations and conditions. IBM hardware products are manufactured from new parts, or new and used parts. In some cases, the hardware product may not be new and may have been previously installed. Regardless, IBM warranty terms apply. This publication is for general guidance only.