Tabella Business Tools enabled a construction machinery rental company to solve many challenges in one go
Customer story: Cramo
Cramo is a full-service construction machinery rental company that also provides services to support construction, renovation and maintenance operations. The company's roots can be traced back to 1953 and the founding of Rakentajain Konevuokraamo. Cramo Group was established on January 3, 2006, as the result of a merger between Rakentajain Konevuokraamo Oyj and Cramo, the Swedish market leader in the machinery rental industry.
The Netherlands-based Boels Rental Group acquired Cramo in 2020, resulting in the company being delisted from the Helsinki stock exchange.
Aiming to streamline financial planning
The history of co-operation between Cramo and Invenco (now part of Innofactor) concerning Tabella Business Tools software can be traced back to 2015, when the companies started to use Tabella to implement a financial planning project between Cramo's different operating countries. Over the years, the co-operation has been expanded from Central Europe to the Nordic countries.
Cramo wanted to streamline the financial planning of its group support functions so that the budget figures could be retrieved in real time from the budgeting system used by the group. The aim of the development project was to avoid having to circulate data through the entire group's common consolidation system between rounds of planning, which presents challenges in terms of making efficient use of time.
Learn more about the solution: Tabella
Tabella solved many challenges in one go
The inadequate functionality provided by Excel became a problem for Cramo, so the group decided to incorporate the financial planning, reporting and consolidation activities of the companies that produce group services into the same Tabella software solution that was used for the operational companies. Co-operation starts from trust, and trust is strengthened not only by successes but also by responding quickly to changes in the operating environment and various challenges, which are inevitable.
Financial planning in Tabella was expanded to include forecasting in addition to budgeting. At the same time, the new Tabella Cloud environment made the entire financial planning process fully real-time. This meant that Tabella solved many challenges in one go.
