Retail / WellnessSourced
Case Study: Young Living transformed FP&A with a 500% productivity boost using Datarails
Young Living Case StudySourced & dated by Case Study Desk
Key results
The challenge
Young Living inherited FP&A software that could not meet its needs even with certified consultants, and its month-end close required seven days and eight people across 18 markets.
The solution
The company moved to Datarails to consolidate financial statements across its markets and automate reporting, enabling statements at the push of a button and built-in version control.
“We do financial statements in our 18 markets with a push of a button.”
JHJeff HuntDirector of FP&A, Young Living
The results, in context
Young Living reported a 500% productivity gain in its month-end close, reducing it from seven days to less than one day, and saves 10-12 hours a month on reporting. The platform was fully functional within about three months.
Products used
Datarails Datarails FinanceOS