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SOLEVO Group transforms their financial operations with finance insights

For SOLEVO Group—like many other businesses—having a finance system that meets their needs for agility, flexibility, and scale was incredibly important, so in 2019, they implemented Microsoft Dynamics 365 Finance. Paired with interconnected tools such as Microsoft Power Platform, Dynamics 365 gave them a high degree of visibility into the past and present state of…

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For SOLEVO Group—like many other businesses—having a finance system that meets their needs for agility, flexibility, and scale was incredibly important, so in 2019, they implemented Microsoft Dynamics 365 Finance. Paired with interconnected tools such as Microsoft Power Platform, Dynamics 365 gave them a high degree of visibility into the past and present state of their business, but SOLEVO wanted more insights into where the business was headed.

SOLEVO was one of our first customers to implement finance insights, gaining access to more accurate payment predictions and cash flow forecasts, as well as prescriptive tools that would streamline the budgeting process. We recently sat down with Martin Sengel, the CIO of SOLEVO Group, and Vacaba Diaby, SOLEVO’s Global Credit Risk Officer, to learn about their experience working with finance insights and hear how it was transforming their business.

Interview with SOLEVO

What business goals and challenges are you trying to solve for? What are you hoping finance insights can unlock to help achieve this?

“Our Global Risk Officer at SOLEVO wanted to have more insights on Customer Payments, especially to take automatic actions based on the historical analysis for each customer. We hope that finance insights can help us setup a process more proactive and help him get a better overview. We wanted to have a Cashflow forecast directly in Finance Operations in combination with an optimization our budget for each department.”

Why was Microsoft the right solution? What were the key benefits that lead you to choose Microsoft for your business solutions? Were AI and machine learning (ML)-powered capabilities a key differentiator in your vendor selection process?

“Microsoft was the right solution for us to replace our old ERP systems back in 2019. We wanted a global solution that support not only ERP Processes but also a publisher who has a perfect fit and understanding of our business, offering regular updates and evolutions and a range of interconnected tools such as Power Platform, Cloud Azure and all Dynamics 365 applications. Dynagile Consulting was the right partner to help us integrate Dynamics 365 Finance Operations in all our countries and help us right now to leverage the ERP with the Power Platform, Azure Data and now AI and ML including of course finance insights. AI and ML-powered capabilities was indeed a key selection for us when we had taken this selection.”

How will finance insights help you re-imagine the way you operate your ERP business and respond to customers and trends? What is the impact of being able to operate in this new way?

“Finance insights will help us to have intelligence/insights on our data in the system. Top management of SOLEVO have already Power BI Reporting to investigate the past, but what about the future/predictions? Finance insights will provide for us – directly in the ERP – some key elements for our key users to take action. It will save time, and therefore money, with an end-to-end automated solution process. Budgeting processes will be reduced every year now, a more accurate and intelligent company cash flow and when we will receive payments. At the end, it will provide a rich and intelligent financial system that drives decision making and helps us take actions to respond effectively to current and anticipated business challenges.”

What kinds of insights do you hope to gain from the solution, especially with regards to revenue, growth, and planning? How will you be able to make more intelligent decisions and drive operational efficiency through these insights and business automations?

“With COVID-19 challenge, it was very important for us to have a better accuracy on the Customer Payment Predictions and an intelligent Cash Flow forecast. All the way of the three solutions provided by finance insights, this will speed up all our finance processes – facilitating the planning of our teams. Of course, that will lead to drive operational efficiency and therefore to revenue.”

Do you have any details on specific scenarios being enabled or problems that will be solved by the deployment of these technologies?

“For example, thanks to finance insights, one of our use cases will be automating credit collection letters and notifications to our Global Risk Officer with the Customer Payment Prediction based on each customer for each legal entity. Based on the confidence score and on the estimated average number of days late – which is refreshed every day with our latest data from Dynamics 365 Finance and scored for new or updated rows – we will send a notification via Power Automate to the end customer and the regional CFO, if we found this customer as high-risk.”

Learn more

In a short time, finance insights have already had a significant impact on SOLEVO’s business, bringing a layer of intelligence to their operations. Not only has it provided more accurate forecasts—critical for strategic planning—it has saved them time and money by allowing them to automate processes, such as automating credit collection letters and notifications. With a rich and intelligent financial system in place, SOLEVO is now better positioned to make strategic decisions and respond more effectively to current and future business challenges.

To learn more about how finance insights can transform your financial operations, read our finance insights announcement blog, check out our support documentation, or watch our webinar on reshaping the future of financials through AI with Ray Wang from Constellation Research Inc.

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Facebook: Our Largest Ever Climate Survey Can Inform Policies, Research and Campaigns Around the World

Today, Meta and researchers at Yale University are publishing the results of our biggest ever global survey about public views towards climate change. In March and April this year, a sample of more than 100,000 Facebook users from nearly 200 countries and territories were asked about their knowledge of, and attitudes and behavior towards, climate change…

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Today, Meta and researchers at Yale University are publishing the results of our biggest ever global survey about public views towards climate change. In March and April this year, a sample of more than 100,000 Facebook users from nearly 200 countries and territories were asked about their knowledge of, and attitudes and behavior towards, climate change issues and what should be done to address them. The results paint a picture of deep concern around the world and the desire of a significant majority of people to see governments and others take meaningful action.

 

Infograph about climate change survey results

 

The survey is a collaboration between Meta and the Yale Program on Climate Change Communication, as part of Meta’s Data for Good program. It is hoped its findings can be used to inform policy decisions and priorities for governments, especially in many countries where surveys of this sort have not taken place before. The findings should also be valuable for researchers around the world, as well as a resource to inform public information or awareness raising campaigns by activists and NGOs, and help journalists with nationally-relevant data. For example, the Social Progress Imperative is using data from this survey to develop a new Climate Perception Index, which will serve as a tool to better understand the societal implications of climate change and will provide insights for policy makers on where to focus most in order to deliver tangible societal outcomes to their citizens.

The survey found:

  • The majority of people in nearly all countries surveyed say they are somewhat or very worried about climate change, including more than 9 in 10 respondents in many countries in Central and South America. In almost every country, majorities saw climate change as a threat to their country or territory over the next two decades.
  • A majority in two-thirds of the countries and territories surveyed think climate change will harm future generations a great deal. 
  • Majorities in nearly all countries think climate change is caused at least partially by human activity. Europeans were most likely to correctly answer that climate change is caused by human activities, led by Spain (65%) and Sweden (61%).
  • In most countries, a majority say they don’t hear about climate change at least once a week in their daily lives. Europeans are more likely to say they hear about climate change at least once a week compared to other regions.
  • Most people say their country should reduce pollution causing climate change, either on their own or if other countries also do so. However, people have different views on who is primarily responsible for reducing pollution — majorities in 43 countries said their government is responsible, 42 countries said individual people and 25 said businesses. 
  • People everywhere think climate change should be a high priority for their government. Majorities in most countries in North and South America say it should be a “very high” priority.
  • A majority in almost all areas surveyed think action to reduce climate change will either improve or have no negative impact on the economy.
  • People support using more renewable energy and less fossil fuels. About 9 in 10 people in Hungary, Portugal and Spain think their country should use somewhat or much more renewable energy.

The Data for Good program is an unprecedented collaboration between technology companies, the public sector, universities, nonprofits and others using privacy-protected datasets for social good, including disaster relief and recovery. Many of our humanitarian partners operate in some of the most challenging environments in the world. By sharing free tools that provide fast insights, Meta data has made decision-making on the ground easier, cheaper and more effective. In recent years, this collaboration has informed policies governing things like the delivery of vaccines and aid to Ukrainian refugees, and been utilized for environmental campaigns in the US, Germany, Belgium, Croatia and the UK.

Alongside the survey, Meta has also published its annual Sustainability Report, detailing the solid progress we’re making in minimizing the environmental impact of our business, supply chain and wider community. This includes:

  • Setting an ambitious goal to be water positive by 2030, meaning we will restore more water than our global operations consume. In 2021, Meta helped restore more than 2.3 million cubic meters of water through investments in water restoration projects.  
  • Progress towards our goal of reaching net zero emissions across our value chain, and maintaining 100% renewable energy for our global operations.
  • Expanding our Climate Science Center to more than 150 countries.
  • Supporting key policies to advance sustainable policies and climate action, such as joining the European Climate Pact and participating in organizations advocating for clean energy policies in the United States.

Read the full climate opinion survey report and sustainability report.

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Facebook: Uplifting Tribal Communities in India Through Digital Entrepreneurship

Inspired by the rich culture and talent represented by the tribal and indigenous communities of India, we are extending our collaboration with the Ministry of Tribal Affairs to launch the second phase of the Going Online As Leaders (GOAL) program. GOAL 2.0 will look to digitally upskill, connect and empower 10 lakh youth and women…

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Inspired by the rich culture and talent represented by the tribal and indigenous communities of India, we are extending our collaboration with the Ministry of Tribal Affairs to launch the second phase of the Going Online As Leaders (GOAL) program. GOAL 2.0 will look to digitally upskill, connect and empower 10 lakh youth and women from the tribal communities of the country and will act as a bridge for the socially marginalized youth with a vast canvas of opportunities using technology that they otherwise may not have access to.

Through this program, the identified GOAL participants will have access to Meta Business Coach — a WhatsApp based learning bot — that will give the participants an opportunity to learn skills on how to build and grow their business using Facebook, Instagram and WhatsApp. To empower the participants to play an active role in the digital economy, the program will also include Facebook Live sessions in nine languages by master trainers on topics like Anti Scamming education, staying safe online, how to combat misinformation and being a good digital citizen. 

​Sh. Arjun Munda, Hon’ble Minister of Tribal Affairs launched the second phase of the GOAL program.

Speaking on the occasion, Sh. Munda said: 

“Honorable Prime Minister, Shri Narendra Modi has always spoken about bridging the digital divide. Digitally empowering India’s tribal communities would contribute significantly to the socio-economic development of the country and an important step towards creating a flourishing community of tribal leaders. The first phase of GOAL has seen changing the lives of tribal youth through the digital mentorship program. In the second phase, we will reach out to 10 lakh women and youth entrepreneurs and will also create a platform for more than 50,000 self-help groups and 10 lakh families associated with TRIFED to take their products global.” 

Sharing his views on the importance of digital empowerment for the tribal communities, Ajit Mohan, Vice President & Managing Director, Facebook India (Meta) said: 

“India’s massive digital transformation can be complete when even the most vulnerable communities of our society are digitally empowered. We are deeply inspired by the stories of some of the Tribal leaders who benefitted from the first phase of GOAL that we kicked off in 2020. We recognize the wide canvas of opportunity that gets unlocked when these tribal communities have access to digital tools and technologies, and that is why we are excited to launch the next phase of this program. In collaboration with the Ministry of Tribal Affairs, GOAL 2.0 will upskill and empower 10 lakh women and youth across tribal communities to harness the full potential of digital platforms and tools.”

Tribal population constitutes about 8.6% of the total population in India. Digitally empowering India’s tribal communities could contribute significantly to the socioeconomic development of the country and an important step towards creating a flourishing community of tribal leaders.  The first phase of GOAL included inspiring, connecting and upskilling tribal youth from across the country. As a result of GOAL, 75% of the participants from the tribal community admitted to being able to better articulate their thoughts to words and saw an improvement in their interpersonal skills. About 69% were able to leverage digital commerce for increased reach and about 63% said that it helped them understand how to set up their business. 

The program is aimed at empowering youth and women from tribal and indigenous communities to harness the full potential of digital platforms and enhancing their leadership skills for driving community development. Along with digital inclusion, the program aims to actively contribute to the economy by continuing to support the most vulnerable communities in tribal districts with a focus on tribal youth and on businesses led by tribal women in rural areas. 

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Facebook: Introducing Features to Quickly Find and Connect with Facebook Groups

New Ways to Organize Your Groups On Facebook, we’re testing a new sidebar that helps you easily find your favorite groups more quickly. It will list your groups and the latest activity within them, like new posts or chats you haven’t yet seen. You can also pin your favorite groups so they show up first,…

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New Ways to Organize Your Groups

Product mock of Community Panel on Facebook Groups

On Facebook, we’re testing a new sidebar that helps you easily find your favorite groups more quickly. It will list your groups and the latest activity within them, like new posts or chats you haven’t yet seen. You can also pin your favorite groups so they show up first, discover new groups or even create your own. For example, if you want quick access to the latest recipes in your cooking group, you can now pin it to the top, find related groups and be inspired to start your own.

Product mock of Community Panel Menu on Facebook Groups

We’re improving how each group is organized, so you can jump right into what’s happening. Within your group, you’ll see a new menu that includes things like events, shops and a variety of channels to make it easier to connect with others around the topics you care about. So, once you’re in your cooking group, you’ll be able to stay up to date with the group’s upcoming events, buy their latest swag and seamlessly join conversations. 

Connect in Smaller Spaces

Admins can begin to create channels to connect with their groups in smaller, more casual settings where they can have deeper discussions on common interests or organize their communities around topics in different formats:

Product mock of spaces on Facebook Groups

  • Community chat channels: a place for people to message, collaborate and form deeper relationships around topics in a more real-time way across both Facebook Groups and Messenger. So when you’re in your new BBQ lovers group and need real-time feedback while attempting your first brisket, an admin can create a chat for that.

Product mock of audio creation on Facebook Groups

  • Community audio channels: a feature where admins and members can casually jump in and out of audio conversations in real time. If you’re looking to hear best practices from other grill masters in your BBQ lovers group, there could be an audio channel created that’s available within your Facebook Group and on Messenger.

Product mock of Community Feed on Facebook Groups

  • Community feed channels: a way for community members to connect when it’s most convenient for them. Admins can organize their communities around topics within the group for members to connect around more specific interests. For example, if you’re in a BBQ lovers group, there could be a feed channel where you can post and comment on the topic of smokers.

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