ALL CASE STUDIES

Parent Petroleum Inc.

RLC developed and implemented Power BI dashboards for Parent Petroleum, enabling real-time, data-driven insights that enhanced profitability tracking, sales quotas, and rebate reconciliation.

Deployment
Critical Dashboards

The RL Canning team was a great partner for the implementation of Power BI data visualization, creating valuable insights to reporting metrics within our organization, affording our leadership team real-time visibility into the performance of our various business units.  They took the time to understand our challenges, what we wanted to achieve, and guided us to the final solution, which transformed the way we manage our business.  I highly recommend engaging RL Canning to assist you with your IT needs, and enable utilization of technology to improve business performance.

Ryan F, President – Parent Petroleum Inc.

Opportunity

Parent Petroleum sought to enhance its financial and sales reporting capabilities by implementing Power BI data analytics dashboards for its fuel and lubricants divisions. With a wealth of valuable data stored in a long-standing financial system, the company wanted to improve visibility into key business metrics, such as sales performance, profitability, and rebate reconciliation, while ensuring data accuracy and accessibility for decision-makers.

Key priorities included:

  • Developing 10 critical Power BI dashboards to track sales numbers, rebates, and profitability.
  • Ensuring data accuracy and alignment with business needs.
  • Providing leadership with a clear, real-time view of financial performance to support informed decision-making.
  • Reducing manual efforts by automating reporting and improving operational efficiency.

By collaborating with RLC, Parent Petroleum transformed its financial reporting processes, enabling its team to access information in near real-time, gaining visibility and insight, allowing them to drive their business forward with confidence.

Solution

RLC took a structured approach to modernizing the company’s financial reporting:

  • Defined Key Metrics: Developed 10 critical dashboards to track sales numbers, rebates, and profitability with margins.
  • Data Cleanup & Reorganization: Identified and corrected discrepancies within the financial data structure to align reporting with business goals.
  • Power BI Dashboard Implementation: Created real-time reporting capabilities, allowing users to access financial insights instantly.
  • Single Pane of Glass for Leadership: Provided a comprehensive view of financial performance and profitability, empowering leadership with clear, data-driven decision-making.

RLC partnered with stakeholders to confirm the accuracy of financial data, resulting in more reliable and transparent reporting.

Results

With the new Power BI dashboards in place, the company achieved significant improvements in financial visibility and operational efficiency:

  • Accurate Financial Reporting: Eliminated previous miscalculations, ensuring precise tracking of sales, profitability, and rebates.
  • Near Real-Time Data Access: Leadership and employees can now make informed decisions without waiting for manual reconciliations.
  • Operational Efficiency: Employees can focus on their core roles instead of spending time correcting financial errors.
  • Successful Rebate Reconciliation: Addressed longstanding rebate calculation issues, ensuring correct reporting and financial planning.

The entire transformation took six months, culminating in a fully integrated financial dashboard system. The outcome was a modernized financial reporting structure that provided the company with the clarity and accuracy needed to drive growth and profitability.