Seafood Provider Forecasts Using the Freshest Data
Legacy Accounting System Can’t Keep Pace With Data Needs
Icicle Seafoods was spending too much time manually translating sales, inventory,
accounting and general ledger data from an in-house DOS-based system into a useful,
dynamic format. With information locked in PDFs and other inaccessible file types,
Icicle Seafoods was unable to use their data for creating simple schedules and financial
statements - and more complex functions, such as analysis and forecasting, were well
beyond their reach. This inefficiency presented a real problem for a company whose
success depends on getting products from fisheries to market as quickly and efficiently
Altair Data Analytics Provides A Dynamic Experience
Fortunately, the company’s controller had used Altair Monarch in the past and recognized that it would be the solution to their data challenges. Altair was brought in to help Icicle Seafoods automate the extraction and preparation of data, and the generation of daily, weekly and ad hoc reports. Sales, general ledger, receivable, payable and profit reports can be run at regular intervals, and the company can respond quickly to requests by end users to inform sales planning, capital expenditures, and a wide range of other decisions.
The team was able to integrate Monarch with the firm’s accounting system without any difficulty. As a result, the ability to provide automated reports to key business users saves a significant amount of time and allows decisions to be made on the freshest data possible - critical for the seafood company. In addition, access to data in a dynamic format allows Icicle to more accurately forecast and perform analytical deep dives, helping them respond quickly when opportunities or potential risks arise.
Speed is critical in the seafood industry, time saved in reporting processes translates to better operating costs. Moreover, Monarch allows Icicle personnel to complete more advanced analysis and forecasting than ever before.
About Icicle Seafoods
One of the largest and most diversified seafood companies in North America, Icicle Seafoods
is continually innovating in order to process products within hours of being caught, and to
streamline distribution for the freshest seafood possible.