Mario Schioppa Neto, Partner-Director at the company, tells how Accountfy helped to centralize its financial information and provide indicators based on accounting data
A fixture in the market for more over 70 years, Schioppa is the largest manufacturer of wheels and casters in Latin America. The company is the leading brand in the sector with the largest mix of products on the market, as well as a major provider of customized solutions. Located in São Paulo/SP, Schioppa Rodas e Rodízios do Brasil factory features a 10,000 m² industrial park and is equipped with modern machinery for large-scale production of a wide variety of wheels and casters for a range of customer needs.
According to Neto, the company started seeking solutions after identifying the following goals:
Schioppa, despite all its strong foothold in Latin America, had always based its financial management solely on managerial reports – they hadn’t been considering the accounting data, which was analyzed only once or twice a year.
The challenge here was being able to see the company’s numbers and organize them effectively as there was no consolidated and automated information center. Neto also came to recognize the legitimate risk tied to having the company’s financial management entirely based on spreadsheets, which are notably susceptible to human error.
Previously, the balance sheet analysis would take place only biannually or annually. Hiring Accountfy was a way of professionalizing and leveraging management, allowing for far more analyses and follow-up evaluations. This in turn offered a more complete picture of the company at all times.
When Schioppa’s Statements of Income started to incorporate accounting data in Accounty, as opposed to just managerial data, it resulted in more reliable performance analysis and an improved strategic overview of the business.
Neto states that the Platform remains open in his browser 100% of the time and that he consults it for a range of decisions throughout his daily routine. He credits Accountfy’s financial modeling and the easy-to-use dashboards with continuous monitoring of relevant KPIs to the company’s success.
With the pandemic, Neto explained that he was relieved to be able to rely on Accountfy when he eventually needed to contact banks, sharing that he was confident with the information he was presenting. With all the new information provided by the platform, Schioppa also started sending quarterly reports to their other partners, increasing the company’s transparency and trust in its governance.
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