Eliminating heavy reliance on IT for financial reporting was a key initiative for Recology, a waste management company serving communities in California, Nevada, Oregon and Washington. As the leading independent employee-owned recycling and resource recovery company in the western U.S., Recology lives and breathes their “WASTE ZERO” philosophy on using resources wisely, only creating waste that’s required and finding ways to reinvent waste in environmentally-benefitting ways. But before upgrading their ERP system to a newer version of JD Edwards, their financial reporting situation was anything but efficient or eco friendly.
Evaluating reporting options with JD Edwards
Bruce MacKenzie, Manager of Financial Planning and Analysis for Recology, completed a full assessment of the company’s current systems and processes that showed they were using an obsolete ERP system. Due to its dated infrastructure, their JD Edwards version 8.0 required the use of MS-DOS to extract data for reporting. As a result, an inordinate amount of time, energy, paper, financial and technical resources were widely being wasted – completely contrary to the efficient WASTE ZERO approach Recology stands on.
The JD Edwards reports in version 8.0 were so inflexible to use that Finance would have to rely heavily on IT to create custom reports. By the time they got the reports back from IT, the numbers were out of date and Finance still had to perform data dump exercises to drill down to the underlying detail. So instead of Finance being able to concentrate on analyzing financial trends, the majority of their time was spent manipulating numbers. This meant delayed answers to business questions, which was frustating for their CFO and the senior executive team.