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A German DAX 30 chemical company reviews the latest financial reports from its international subsidiaries during board meetings. Before AX Semantics, key financial figures had to be analyzed from spreadsheets and tables. This painstaking manual process made it difficult to find the right numbers quickly.
With the use of the AX Semantics software and integration with a virtual voice assistant, the board members can now ask for a particular number and receive an immediate spoken answer: “Axel, which are our fastest growing product categories?”
Finance Report Q4
We achieved record sales of € 19.3 million, up 18% currency-neutral, representing our highest organic growth rate in almost twenty years. The brand has been experiencing unparalleled brand heat, with currency-neutral revenues increasing a strong 22%. This growth was driven by key performance and lifestyle categories in the brand’s major markets, almost all of which grew at strong double-digit rates. Despite severe headwinds from negative currency effects, the gross margin climbed 30 basis points to 48.6%.