Case Studies F1000 Logistics Real Estate Leader Turns to Sigma to Ensure Compliance

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	F1000 Logistics Real Estate Leader Turns to Sigma to Ensure Compliance

F1000 Logistics Real Estate Leader Turns to Sigma to Ensure Compliance

Technology Category	Analytics & Modeling - Predictive Analytics Application Infrastructure & Middleware - Data Visualization Functional Applications - Enterprise Resource Planning Systems (ERP)
Services	Cloud Planning, Design & Implementation Services Data Science Services System Integration
Challenge	The accounting team of a leading logistics real estate company faced significant challenges in conducting bad debt ratio analysis and ensuring compliance due to the limitations of their existing data visualization tool, Tableau. The tool would crash when filtering the general ledger (GL) data, which contained over 500 million rows, causing delays in report generation. Additionally, the team needed simultaneous access to transaction-level data, but had to extract data from Snowflake and use multiple Excel worksheets for analysis, leading to version control issues, security risks, and compliance concerns. The company estimated that these inefficiencies were costing them between $2.4M and $3.6M per year. Read More
About Customer	The customer is a leading logistics real estate company in the United States, responsible for managing a significant portion of the country's GDP through its warehouses. In 2020, 6.3% of the U.S. GDP flowed through the company's warehouses, generating $4.4 billion in revenue. The company handles a massive amount of data, with its general ledger alone containing more than 500 million rows. The accounting team plays a crucial role in conducting bad debt ratio analysis and ensuring compliance, which is vital for the company's financial health and regulatory adherence. Read More
Solution	The company turned to Sigma, a cloud-native data analytics platform purpose-built for Snowflake and cloud data warehouses. Sigma provided the accounting team with direct access to live, governed data in Snowflake, eliminating the need for risky data extracts and ensuring everyone worked with the same current data. Sigma's unlimited scale and speed allowed the team to generate the GL report in just two minutes, significantly reducing the time required for compliance reviews. The platform's spreadsheet interface made it easy for the team to explore and analyze millions of rows of transaction data, enabling them to quickly address potential compliance issues. The solution also facilitated real-time monitoring of financial positions and seamless sharing of insights with other teams. Read More Log in to view content
Contents

Technology Category

Analytics & Modeling - Predictive Analytics

Application Infrastructure & Middleware - Data Visualization

Functional Applications - Enterprise Resource Planning Systems (ERP)

Services

Cloud Planning, Design & Implementation Services

Data Science Services

System Integration

Challenge

The accounting team of a leading logistics real estate company faced significant challenges in conducting bad debt ratio analysis and ensuring compliance due to the limitations of their existing data visualization tool, Tableau. The tool would crash when filtering the general ledger (GL) data, which contained over 500 million rows, causing delays in report generation. Additionally, the team needed simultaneous access to transaction-level data, but had to extract data from Snowflake and use multiple Excel worksheets for analysis, leading to version control issues, security risks, and compliance concerns. The company estimated that these inefficiencies were costing them between $2.4M and $3.6M per year.

About Customer

The customer is a leading logistics real estate company in the United States, responsible for managing a significant portion of the country's GDP through its warehouses. In 2020, 6.3% of the U.S. GDP flowed through the company's warehouses, generating $4.4 billion in revenue. The company handles a massive amount of data, with its general ledger alone containing more than 500 million rows. The accounting team plays a crucial role in conducting bad debt ratio analysis and ensuring compliance, which is vital for the company's financial health and regulatory adherence.

Solution

The company turned to Sigma, a cloud-native data analytics platform purpose-built for Snowflake and cloud data warehouses. Sigma provided the accounting team with direct access to live, governed data in Snowflake, eliminating the need for risky data extracts and ensuring everyone worked with the same current data. Sigma's unlimited scale and speed allowed the team to generate the GL report in just two minutes, significantly reducing the time required for compliance reviews. The platform's spreadsheet interface made it easy for the team to explore and analyze millions of rows of transaction data, enabling them to quickly address potential compliance issues. The solution also facilitated real-time monitoring of financial positions and seamless sharing of insights with other teams.

Impact #1	The accounting team now has a dashboard that shows the financial position of local books, allowing them to monitor issues in real time.
Impact #2	Direct access to live, governed data in Snowflake ensures that everyone is always working with the same current data, eliminating data sprawl and conflicting insights.
Impact #3	Sigma's cloud-native solution delivers unlimited scale and speed, enabling the team to generate the GL report in just two minutes.

Impact #1

The accounting team now has a dashboard that shows the financial position of local books, allowing them to monitor issues in real time.

Impact #2

Direct access to live, governed data in Snowflake ensures that everyone is always working with the same current data, eliminating data sprawl and conflicting insights.

Impact #3

Sigma's cloud-native solution delivers unlimited scale and speed, enabling the team to generate the GL report in just two minutes.

Benefit #1	The company estimated that the wasted time and resources were costing them between $2.4M and $3.6M per year.

Benefit #1

The company estimated that the wasted time and resources were costing them between $2.4M and $3.6M per year.

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Overview

F1000 Logistics Real Estate Leader Turns to Sigma to Ensure Compliance

Operational Impact

Quantitative Benefit