Background
The company
Audéo is an independent, family-owned insurance services group made up of 4 companies.
The CIO team
30 people mainly organized into 5 departments (infra, development, desktop publishing, data, Projects and digitalization) + specific experts.
The major challenges facing the CIO
- Provide a structured, rigorous framework for budget and Projects management to meet the challenges of an organization divided into several entities.
- Harmonize practices and organize exchanges with multiple contacts
- Optimize collaboration and work hand-in-hand with the finance department
- Anticipating needs to put the CIO at the service of the business
The need
A tool that structures and facilitates budget management for a shared CIO serving multiple entities
Benefits
- Experienced, affinity-based approach to CIO needs
- Intuitive, easy-to-use solution
- Structured budget management and fine-tuned management over time
- Overview of Group CIO Budgets, pooling all entities
- Smoother collaboration and data sharing with the Finance Department
The interview
Interview conducted in November 2021
Aucun intervenant pour le moment
As a CIO, you address many fundamental issues, but on a day-to-day basis, what are your struggles, your difficulties, your irritants?
My main difficulty is structural: the Audéo Group is made up of several distinct legal entities. The CIO is one of the central support functions, a pooled resource at the service of all these structures and their partners. Logically, it responds to a huge number of requests.
In concrete terms, we’re faced with a very wide range of interlocutors and principals, a heavy workload and the need to negotiate regularly and limit certain changes of direction.
To overstate the case, when we enter the planning phase of the new fiscal year, it’s as if we were writing a letter to Santa Claus, with a list of 80 rather heterogeneous Projects, which we could certainly include on the new Roadmap, but which we know are not all tenable.
We therefore have a huge challenge in structuring what we offer in terms of budget and project management, in order to impose this rigorous framework on our partners, anticipate all their needs and organize themselves accordingly.
Why Abraxio?
Once again, this has to do with the way the Group is organized. To manage budgets, we used to work with Excel files – one per structure – which were certainly well-developed. But with 6-7 different entities, even with the best Excel files in the world, you end up losing your way. The whole thing became an unmanageable and overly complex gas factory.
I was recommended Abraxio and quickly came to appreciate the solution. I liked the spirit of the company, and you could feel the experience of the founder, who was CIO for a number of years, and who was able to translate that experience into the product.
And, paradoxically enough, we also find the spirit of Excel in Abraxio, which CIOs are used to handling; there’s a real ease of use that simplifies the approach, the learning curve, and makes it possible to enter the platform intuitively.
So what do you do with the platform?
JAWith Abraxio, I handle all budget and Vendor management. My managers were already involved and empowered in the CIO’s budget tracking; they quickly got on board the platform: we started at the beginning of 2021 with our new financial year, and in less than 3 months the new habits were in place.
Another interesting aspect: Abraxio enables me to work more closely with the Finance Department. They have several access points to the solution, and above all I’ve set up reports that enable them to compare the financial year as it progresses, as well as close, reforecast and close the books. This has had the virtue of facilitating information sharing enormously. Previously, with our Excel files, we had to spend a lot of time in meetings with them to coordinate and explain many concepts. Abraxio has made all this much more fluid; they have access to all the data they need, and we save an enormous amount of time.
This is still our 1st year using Abraxio, and we haven’ t yet exploited all the granularity offered by the platform, such as the possibility of spreading expenses by month, or defining amortization periods. This is one of the things we’ll be implementing in the future, because we know we can go much further for even finer control.
If you had to remember 3 benefits of Abraxio?
They are closely linked to budget management:
And the last one, very concretely, is the management of orders and invoices, in connection with suppliers ; even if our Excel files were rather sophisticated and enabled us to make associations, Abraxio is a thousand times more elaborate. In fact, the platform’s integrated EDM is a great help in bridging the gap.
The1st is the traceability of fiscal years. Abraxio provides a vision over time of the evolution of the CIO’s Budgets. With Excel, files follow one another, but retrospective analysis is virtually impossible. Abraxio, on the other hand, enables us to analyze and compare fiscal years one after the other.
2nd advantage: the ability to pool and combine the budgets of multiple legal entities in a single tool: this gives you an overview of your entire budget, rather than a segmented view.
A final word in conclusion?
Perhaps the last aspect I appreciate is the team’s responsiveness to our requests.



