P&L analysis with a customized app from nedyx

Initial situation before the start of the project:

• Manual creation of the profit and loss account (P&L) with Excel
• Lack of real-time data integration
• Limited adaptability
• Error-prone and inefficient processes
• No history

• Automated and user-friendly evaluations and reports via a central P&L app
• Real-time data integration
• Development of a flexible and meaningful P&L analysis with standard reports
• Implementation of an open hierarchy structure for a better overview of P&L and financial data
• Secure and automated database connection to the relevant upstream systems (financial accounting and ERP)

The challenge:
Many companies still evaluate their profit and loss statement in Excel. This manual method is often error-prone, confusing and difficult to scale. Our customer was looking for a flexible, automated solution that would enable a transparent and meaningful analysis of the P&L.

• Planned P&L vs. actual P&L: comparison between planned and actual values for better financial control.
• Hierarchy structure: Income and expenses can be clearly grouped and displayed at every level of detail with a click.
• Comment function: Users can add comments to individual values, edit them or send them via the chat function.
• Fixed and variable costs as well as cost centers and sales types: possibility to differentiate and flexibly analyze relevant parameters.
• Database connection: Automated and standardized integration of upstream systems. Creation of a data history for transparent long-term analyses.
• Monthly, quarterly and annual overviews: Presentation of P&L results according to freely selectable time dimensions and areas.

Result: Thanks to the nedyx app, companies can manage their P&L more efficiently, error-free and transparently. The automation and flexibility save a considerable amount of time and provide a sound basis for decision-making in P&L and financial planning.