Situation
Arcane Capital Partners is an emerging private equity firm based in Little Rock, Arkansas. Arcane manages four portfolio companies with operations spanning multiple locations. Arcane continues to actively seek expansion opportunities and specializes in strategic acquisitions and investments.
Challenge
- All four portfolio companies had a different chart of accounts and were operating on different, lesser-known ERP systems.
- This diversity impeded data retrieval for timely, informed decision-making.
- Further, it created challenges in efficiently creating consolidated financial statements.
Action
- AnalyticsConnected to four ERPs from four different companies to provide a range of reporting options, from granular transaction line reporting to consolidated financial statements.
- Provided direct access to a variety of data tables, including consolidated general ledgers and trial balances, that can be refreshed at the client’s discretion through the Data Feed in Excel.
- Developed multiple automated reports on sales reportingfor daily usage by the Arcane executive team
Result
7 DaysFrom connection to consolidated trial balance
40+ HoursOf manual time cleansing and combining data in Excel eliminated every month
BUCS allowed us to connect multiple systems from different companies across varying industries in no time at all. The pre-built connectors were a breeze to use, but the more amazing experience was the team’s ability to connect to systems where they didn’t have pre-built connectors. They had custom connections up and running in matter of a few days and we instantly had a data lake and consolidated financials. This instantly enabled our team to see real-time data and has enabled us to make better informed decisions more quickly.
Eric Chin
Chief Information Officer
Systems Integrated
2 IQMS Instances
28 Service Titan Instances
2 Housecall Instances
1 FieldAware Instance
1 FieldEdge Instance
