Established in 1975, Ferraro Foods is on a mission to consistently be the leading distributor of Italian foods, delivering quality products, value, and reliable service. It delivers those delicious products to over 8,000 customers across nearly half the US.
After nearly 50 years, Ferraro Foods’ business had grown considerably in both size and complexity. With multiple subsidiaries and the accompanying array of ERP systems, it became more difficult to gain an accurate and timely view of the company’s financial performance. Excel just couldn’t keep up with the increasing demands for financial visibility, so its FP&A team had to make a change.
“Our CFO wanted to democratize financial data,” recalled Johann Cabe, VP of FP&A at Ferraro Foods. “We wanted to look at a number, double click on it, and see what was driving that number across our business.”
To learn more about Ferraro Foods’ journey to streamline its financial performance management processes and accelerate its time to financial insights, read these two related customer stories:
Ferraro Foods engaged CFO Solutions and selected Planful to streamline its close and consolidation process and scale FP&A along with its business. It then looked upstream and, recognizing account reconciliations as the key to faster, more accurate financial data, added Trintech to eliminate repetition and increase accountability for its reconciliation process.
With CFO Solutions providing guidance, Ferraro Foods was live on Planful in just 90 days. And, the benefits started rolling in quickly:
You can achieve these same levels of FP&A performance, too. Watch this free on-demand demo to see what’s possible with Planful.