Customer Case Study

Heart and Vascular Partners

HVP-logo

“Everyone on our accounting team works in Excel so it’s been great to have both the intuitive report writing ability and the simplified exporting capabilities that we know and understand.”

Matt Middendorf, CFO
Heart and Vascular Partners

Results

Short Learning Curve Short Learning Curve As highly proficient Excel users, HVP’s small accounting team was able to quickly learn the cloud-based reporting platform and start leveraging its easily customizable, pre-built reports almost immediately.
Automated Financial Reports Automated Financial Reports Despite a complicated reporting structure, HVP uses Cosmos to automatically create and distribute financial statements including PNLs and balance sheets to its legal entities every month.
Amazing Customer Support Amazing Customer Support The Cosmos support team has gone above and beyond for HVP’s small accounting department. They have been highly responsive and forward-thinking, treating every new report or question priority.

“The Cosmos team has not only created the ad hoc reports we needed, but they have gone an extra step and actually scoped out a couple custom reports for us. They really treat us like we’re priority.”

Matt Middendorf , CFO
Heart and Vascular Partners

Reporting Challenges

Heart & Vascular Partners (HVP) is a management services organization dedicated to partnering with cardiology and vascular practices across the United States. The company provides back-office services as well as financial and operational support to seven medical practices – helping dozens of physicians expand the scope and reach of their services.  

 

In 2023, subsequent to an acquisition by a private equity firm, HVP migrated from QuickBooks to Dynamics 365 Business Central. Upon discovering that Business Central didn’t provide the optimized data or user-friendly reporting tools they required to share regular financial statements with each practice, they had to evaluate other reporting solutions. 

 

Working with their implementation partner, Admiral Consulting Group, the team was introduced to Cosmos Data Technologies. “We don’t have the backend infrastructure capabilities of a traditional large corporation, so we weren’t able to go aggregate and map the data in Business Central on our own,” explains Matt Middendorf, the CFO at HVP. “We were immediately sold on Cosmos when we realized we could leverage our existing Excel skills to build reports without extensive training.”  

 

According to Matt, “A lot of the reporting tools I’ve seen in the past were very rigid and then when you exported things into Excel, you lost a lot of the formulas and things just became a little difficult to manage.” Although they considered several other reporting options, HVP selected Cosmos for the flexible cloud platform, experienced people, and their passion for reporting. 

Existing Problems:

  • Business Central’s built-in reporting tools were too difficult to learn and use  
  • No ability to aggregate raw data and optimize it for financial reporting    
  • Complicated legal structure created additional reporting requirements   

Looking For:

  • A user-friendly and flexible reporting system for non-technical users  
  • Leverage with Excel skills and familiarity  
  • Out-of-the-box reports and ad hoc reports  
  • Responsive support  

Cosmos Impact

For HVP’s small but mighty accounting team of four, the process of learning and using adopting Cosmos went smoothly thanks to their proficiency in Excel. “Everyone on our accounting team works in Excel so it’s been great to have both the intuitive report writing ability and the simplified exporting capabilities that we know and understand,” explains Matt.  

 

After completing helpful video tutorials and hands-on training with the Cosmos team, HVP started leveraging the pre-built reports for Business Central immediately. The organization currently uses Cosmos to build and automatically distribute monthly financial statements to each legal entity.  

 

For HVP’s more complicated reports that require multiple legal entities and departments, the organization relies on the highly responsive support team at Cosmos, run by Brian Peterson. “The Cosmos team has not only created the ad hoc reports we needed, but they have gone an extra step and actually scoped out a couple custom reports for us,” describes Matt. “They really treat us like we’re priority.”

“We don’t have the backend infrastructure capabilities of a traditional large corporation, so we weren’t able to go aggregate and map the data in Business Central on our own. We were immediately sold on Cosmos when we realized we could leverage our existing Excel skills to build reports without extensive training.” 

Matt Middendorf , CFO
Heart and Vascular Partners

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