GL Wand Expedites SAP Financial Reporting for HMX Group
14 September 2010
GL WAND FROM EXCEL4APPS CONSOLIDATES CRITICAL SAP FINANCIAL DATA FOR HMX GROUP’S NEW BUSINESS ENVIRONMENT.
RALEIGH, NC (September 14, 2010) – Financial reporting after a merger, acquisition, or new company formation is often challenging, as companies struggle to standardize information technology (IT) systems and consolidate data. Such was initially the case for premier clothing provider HMX Group, owner of famous brands like Hart Schaffner Marx, after the company was restructured last year. To expedite financial reporting from SAP/R3 in this environment, HMX Group turned to GL Wand, an Excel-based reporting tool from Excel4apps. With GL Wand, business users can immediately access live SAP data to create financial statements and ad hoc reports, without programming support or excessive familiarity with SAP.
“GL Wand has allowed our financial group to easily provide the necessary reports from an existing SAP installation across formerly autonomous business units, while also supporting a new strategy that includes a shared services financial organization,” explained John Niemzyk, CIO of HMX Group. “We could not let IT become a bottleneck to quickly moving the business forward, and GL Wand gave financial personnel unfamiliar with SAP the ability to respond to new reporting requirements within a new organizational structure.”
In addition to empowering business users, GL Wand also ...