Business Challenge

• People Not Optimally Engaged – Severely depleted Finance organization, little-to-no institutional knowledge/experience with core planning processes, resources lacked end-to-end business value chain perspectives
• Manually Intensive Processes – Exceedingly long cycle times, planning process focused on excruciating detail, heavy focus on non-value added intercompany trading detail, disconnect between process outputs & meaningful analysis perspectives
• Enabling Technology Inefficiencies – Highly disjointed series of point solutions, lack of alignment to current business model, system performance failed to meet process cycle time needs, dependent on institutional knowledge

Solution

• Integrated Business Planning – Eliminated organizational siloes in support of planning processes, clarified accountability for process outputs, facilitated organizational process and business model learnings
• Streamlined Processes – Re-engineered end-to-end planning & reporting processes, streamlined, simplified & increased business relevance of process outputs, documented end-to-end process playbook
• Enabling Technology Improvements – Implemented planning & reporting applications to facilitate driver-based approach for volume, revenue, and expenses. Aligned planning & reporting with necessary business perspectives, as well as the business value chain

Impact

• Increased organizational knowledge, skill & redundancy
  • Integrated, holistic business planning drives better, more connected decision making
  • Documented business planning playbook provides buffer against organizational turnover
• Process efficiency, alignment & relevance
  • Decreased planning cycle times by 45% for forecasting processes
  • Improved product profitability via enhanced Model Profile used for planning & analytics
  • Facilitated streamlined & relevant price-volume-mix variance analysis & explanations
• Enabling technology adoption, sustainability, cost reduction
  • Planning & reporting applications reflect real-world business model & operations
  • Significant maintenance cost reduction through improved alignment & simplification