Kraft Finance saved several weeks of work — with CFO Platform

Kraft Finans is an investment company that manages SEK 7.3 billion. The company offers financial advice, runs its own funds and real estate projects, and syndicates properties for clients. A broad portfolio — but with a finance department consisting of just two people.

We have a lot more time, a lot better control. I'm not exaggerating when I say we save six weeks of work -- and that's just where we stand now,” Jo-Inge says with a smile.

“Yes, this has really given us a boost,” Astrid confirms.

Two people — a whole financial machine

Kraft Finans is an investment company with a managed capital of SEK 7.3 billion. The company offers advisory services, runs its own funds and real estate projects, and syndicates properties for clients.

Despite its size, the finance department consists of only two people: Astrid as CFO and Jo-Inge who is responsible for everything from A to Z.

“We really do everything,” laughs Jo-Inge.

Being few in the team made it necessary to find smarter ways to work. Previously, their processes were based on reports from the ERP system that were then exported to spreadsheets — time-consuming, cumbersome and full of error sources.

“The report module could only produce one report at a time, and we have many dimensions that we need to analyze. It became unsustainable,” says Jo-Inge.

That's when they discovered CFO Platform.

From paper and highlighter to a seamless, end-to-end solution

With CFO Platform, Kraft Finans was able to replace the Excel chaos with a cloud-based solution in a short time.

“Previously, we needed a huge desk for all performance reports — 34 different sheets that would be kept up to date and identical. Now everything is updated automatically and is available instantly, explains Jo-Inge.

An added strength was the connection to Power BI.

“We get a unified interface for both financial reporting and other operational data. People don't like to jump between different systems, and now everything exists together,” he says.

From Time-Wasting to Forward-Looking

With CFO Platform, reporting has become faster and more transparent.

“Now you just have to change the period, and the managers have their reports directly in the system. Previously, it took a whole day of compiling and tidying to Excel sheets before they could be sent out. Now everyone can follow the developments themselves in real time,” says Jo-Inge.

Budgeting has also changed fundamentally.

“In the past, it only took two to three weeks to get version 1.0 of the budget. If someone wanted to make changes, it was a huge project. With CFO Platform we can create new versions in minutes and make detailed updates on an ongoing basis. It is much more interesting to look to the future than to get caught up in history,” he says.

A bright future

For Jo-Inge and Astrid, the gains are clear: more time, better quality and a process that leaves room for analysis instead of administration.

“I see a very bright future with this solution,” concludes Jo-Inge.