Genelec: The Power of Forecasting

Since its founding in 1978, Genelec has been a leader in professional audio monitoring, known for its commitment to research and development. Genelec sought a software solution to streamline financial operations, including budgeting, forecasting, consolidation, and reporting. Key factors in their decision-making process were user-friendliness, customization capabilities, and seamless integration with existing finance and ERP systems. Considering its subsidiaries in Japan, China, and the USA, automated currency handling was also crucial. Clausion from insightsoftware emerged as the perfect fit. 

"We're thrilled to be free from Excel consolidation," says Pauliina Timlin, Financial Controller at Genelec. "Clausion automates financial consolidation, making it smooth and efficient. The input sheets are user-friendly, and our finance personnel in the subsidiaries can utilize them effectively. I'm very happy with the Clausion system. Their professional consultants are always available when needed, providing assistance whenever challenges arise." 

Clausion’s dimensional structure simplifies budgeting and monitoring. Department heads can enter their budget proposals directly into Clausion, eliminating the need for cumbersome Excel spreadsheets. This translates to significant time savings. 

Genelec highly values Clausion’s customizability. They collaborate with consultants to continuously refine their workflows. "Forecasting has become increasingly important for us," says Timlin. "Our goal was to establish a system for forecasting down to cash flow. I'm happy to report that we've achieved this and are well positioned to move forward. Our project discussions with the insightsoftware consultant were very productive, and we're committed to further developing our processes."   "I've been extremely impressed with insightsoftware’s consultants and customer service," Timlin concludes. "The consultants possess extensive experience working with various company types and operational environments. Our conversations are always fruitful, and they actively propose diverse solutions. insightsoftware’s customer support has consistently exceeded our expectations." 

• Simplified group financial consolidation. 

• Customization capabilities to meet specific needs and develop management accounting practices. 

• Excellent customer service – both consultants and support team. 

Learn more about how to automate your financial consolidation & simplify your business processes with Clausion. Ask for a free demo.