Consolidating Financial Data for Efficient Management at Forico

Forico, an integrated timber plantation, forest management, and timber export business based in Tasmania, was grappling with the challenge of managing a large-scale forestry operation. The company oversees more than 170,000 hectares of forest in the island state, a task that necessitates the consolidation of vast amounts of data. The existing data management and reporting methods, primarily spreadsheets and other platforms, were proving inadequate for the high volume of information. The company was in dire need of a more streamlined data management and reporting method that could handle the large data volumes, reduce manual errors, and quickly identify data discrepancies.

Forico is a Tasmania-based company that operates in the agriculture and farming industry. It is an integrated business that combines timber plantation, forest management, and timber export. The company manages over 170,000 hectares of forest in Tasmania, making it a large-scale forestry operation. The nature of its operations necessitates the handling of large volumes of data, particularly in the finance department. The company was previously reliant on spreadsheets and other platforms for data management and reporting, but these methods proved inadequate due to the high volume of information.