Case Study: Avinger Inc.

Industry: Manufacturing/Medical Devices

“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
• 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• Reports were outdated as soon as general ledger transactions were posted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

• Selected Vivid Reports CPM & Flex
• Using one solution for both financial and operational reporting

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

A Vivid Result: Automated Reporting and Budgeting that is easy to Update, Refresh, Share, and quickly Analyze