Australian aquaculture firm deploys BOARD Software for financial planning, budgeting and operational analysis

22nd February 2016

BOARD International, a global provider of software for unified Business Intelligence, Analytics and Performance Management, has revealed that Petuna, an Australian Aquaculture firm, has deployed the BOARD platform for financial planning and operational analysis.

 

 

 

Pioneers in farming Ocean Trout and Atlantic Salmon for the Australian Market, Petuna raises, catches and supplies a broad array of seafood for some of the most exclusive restaurants in Australia and New Zealand.   Rapid business growth prompted Petuna to find a unified budgeting, planning and reporting system that would combine multiple separate and disparate reporting systems into a single set of data at the end of each month as the basis to analyse its business and project where investments would reap the most returns.

“We needed a simpler and more time efficient means to get month-end numbers,” said David Wood, CFO of Petuna.   “We wanted an agile platform that could sit across multiple systems, access all of the data required and present it in a clean and flexible format reporting layer on top of what we’ve already got in place to eliminate the many complex spreadsheets we’d been dealing with.  Essentially, we needed a tool to help us move from a time hungry budgeting cycle to a flexible forecasting environment.”

Beyond financials, Petuna also wanted an efficient operational forecasting system for their ongoing acquaculture business, tracking all aspects of raising fish stock in relation to market conditions to maximize efficiencies while forecasting future opportunities and needs, explained Wood.

Petuna say they were attracted by BOARD’s ability to integrate into their existing systems  already in place enabling them to move away from SQL coding and in doing so allow non-technical users to quickly drill down into greater levels of detail on those core platforms for a full understanding of where the findings came from.  “We were most impressed with BOARD’s ability to put information on the desktops of key executive users so they can pull rather than our having to constantly push info out to them,” said Mr. Wood.

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