Business Challenges
- Limited Planning Solution – As a rapidly growing organization, previous budgeting and management reporting process was not well suited for continued scalability and lacked the robustness to support ever-growing needs
- Manual Process Steps – Existing processes were manually intensive and required significant time to consolidate and complete
- Limited Analytical Insights – Due to the manual intervention required, a small number of resources were left with limited time to perform value-added reporting and analytic activities
Solution
- Integrated Financials – Enterprise Planning and Budgeting Cloud Service (EPBCS) served as an integrated solution to meet all budgeting and management reporting needs, including functionality that allowed workforce and customer bookings to appropriately feed the income statement, balance sheet, and cash flow statements
- Rolling Forecast – Application includes a 24-month rolling forecast, which allows users to drive efficiencies and reduces the manual effort required for preparation, formatting, and reconciliation and validation in the process
- Scalable for Future Needs – Scalable solution implemented in nine weeks built with future growth in mind
Impact
- Improved Efficiency – Significant efficiencies were achieved by eliminating Excel-based processes, automating data integrations, and centralizing business analytics
- Faster Budgeting Deadlines – Solution allowed for earlier deadlines for budgeting and forecasting
- More On-Demand Reporting – Improved transparency of information by enabling on-demand reporting of quality data
