TBT (Throwback Thursday) To Our AIFS Case Study For Microsoft Dynamics GP.
American Institute For Foreign Study Increases Efficiency and Enhances Analytics with BizNet. ![AIFS]()
The American Institute For Foreign Study (AIFS) is the leading provider
of cultural exchange and educational opportunities for over 1.5 million
people. With global offices in five countries, AIFS is comprised of
several businesses that help bring the world together.
Operating with multiple divisions and departments, AIFS creates many unique reports
in order to analyze financial data. “A significant amount of time each month was spent
creating the spreadsheets and customized reports we needed to analyze the numbers,”
says James Mahoney, VP of Finance at AIFS. “It was difficult for our team to create
reports that were useful for management.”
“[BizNet] gives us quicker and better
access to our financial information.”
— James Mahoney, Vice President of Finance
American Institute For Foreign Study
BizNet’s native integration with Excel allows AIFS to saves many hours in report
generation time
AIFS implemented BizNet in August 2011 after it realized that FRx, its existing
reporting solution, was not going to be supported long term. BizNet became a compelling
business proposition for AIFS because of its price point and its native integration
with Excel. “[BizNet] sits in Excel and everyone here knows Excel,” says Mahoney.
BizNet has allowed AIFS to quickly generate many different reports leaving more time
for analysis. “We do our global consolidation and analytical reports using BizNet.
BizNet even helped us with our audit; we were able to produce better accounting
schedules for our auditors,” says Mahoney. “[BizNet] probably saves us 50 hours a
year. It frees us up to do more detailed reviews of the business.”
Mahoney says, “[BizNet] is more than just a reporting replacement, it is an analytical
tool for us.”
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