I. Benefits of Paradime

• Speed: the process of transforming raw data into actionable insights was cut from 20 minutes to 2-3 minutes - 90% faster than with previous solution.
• Cost Efficiency: Switching to Paradime, in combination with Snowflake, reduced operational costs significantly.
• Stakeholder Satisfaction: The financial team now benefits from fast delivery and more accurate data, laying the foundation for business-wide decision-making.

"Paradime is like magic. It changed the game for us. Everything we need is in one place, making the entire process not just faster but also easier to manage."

II. Background

‍Keyrus is a global consultancy that develops data and digital solutions for performance management. Combining business and technical expertise, they help companies uncover the most value possible from data while optimizing digital strategy and customer experience.

We sat down with Éric Dilu, Data Engineer at Keyrus, to discuss his experience and Paradime.

III. Challenge

‍Keyrus’ financial department faced significant challenges managing large-scale financial data using cumbersome Excel spreadsheets. Each spreadsheet comprised up to 20 sheets, leading to inefficiencies and delayed data processing. The need for real-time data integration was critical, as the department required the ability to view updates just minutes after submission.

IV. Solution

‍Their initial attempts to adopt dbt™ using another cloud solution proved rather unsatisfactory due to high costs and slow processing times, where file-uploads took as long as 20 minutes. A new solution was necessary, leading Keyrus to try out Paradime in combination with Snowflake. This new setup promised not only speed and efficiency, but also a reduction in operational costs.

"Using Paradime allowed us to automate and accelerate our financial reporting processes dramatically. The ability to trigger jobs via the API as soon as a file is dropped revolutionized how we handled data.”

V. Implementation

Implementing Paradime really changed the game, enabling rapid data processing - reducing the time from 20 minutes per file to just 2-3 minutes, a whopping 90% faster than with the previous solution. Eric found Paradime rather outstanding. He said:

‍"The development environment in Paradime is exceptionally well-designed. It’s easy to navigate, which significantly reduces errors and speeds up development time. Paradime has not just met but exceeded our expectations in every way."

‍The intuitive interface of Paradime eased the learning curve for him, who then was rather new to dbt™. Paradime's features, such as the API and real-time job triggering when a file is uploaded, were pivotal in improving operational efficiency.

VI. Conclusion

‍The shift to Paradime has not only streamlined operations but also provided substantial time and cost savings, enhancing Keyrus' ability to perform real-time financial data analysis and reporting.

The re-imagination of FP&A process reinforces Keyrus' position as a forward-thinking leader in the digital and data solutions consultancy space, while also proving to their own clients the potential of innovative technology solutions when it comes to transforming business operations.