“Implementing Vivid has allowed the FP&A team at Avinger to deliver accurate financial reporting in a timely manner to our senior leadership.”
–Jeff Miller, Director of Finance, Avinger Inc.
THE CLIENT
- Commercial-stage medical device company
- Headquartered in Redwood City, California
- 75 employees
- Manufactures and sells devices for cardiologists, vascular surgeons, and radiologists
- Uses SAP Business One as their ERP
- Caters to multiple customer segments in the medical supply industry
- www.avinger.com
THE CHALLENGE
- All reporting was being done manually in Microsoft Excel®
- Reports were outdated as soon as general ledger transactions were posted
- Budgeting was a manual process that took over two days a month to complete
THE SOLUTION
THE NEW REALITY
- Went from taking two days to compile financial report to a few minutes
- Accuracy of reports is reliable since the data is pulling directly from SAP B1
- Managers are provided prompt and accurate reports with little work involved
- Able to report off operational real time data in to Excel from SAP B1
