Enterprise planning cloud solution enables better decision making at large Foodservice Procurement company
Business Challenges Reliance on Microsoft Excel – Planning and reporting process heavily relied on large Excel files Manually Intensive Reporting – Process to input data, run calculations, validate results, and create reports was manually intensive and error-prone Time Consuming Consolidation – The consolidation process left little to no time for value-added analysis Solution Integrated and […]
Move to cloud helps manufacturer consolidate financials and improve planning
Business Challenges Long Monthly Close – Process took far too long due to absence of data integration and inefficiency of existing reporting tools Significant Manual Steps – Excel-based process to conduct consolidation, foreign currency translation, intercompany eliminations, bank reporting, and cash flow slowed down end-to-end cycle and also introduced potential for reconciliation issues Solution Implemented […]
Detailed store-level planning drives visibility and accountability at $3B Convenience Store operator
Business Challenges Intensive and Time Consuming Planning Process – Excel planning environment gave limited ability to perform value-added analysis High Risk for Error – Multiple distribution and consolidation cycles throughout the budget process left Cumberland vulnerable No Store Level Planning – Lacked the ability to conduct store level detailed planning Solution Driver-Based Planning, Variance Thresholds, […]
Use of cloud services shortens consolidation process from half-a-day to five minutes at $700M Global Mining corporation
Business Challenges Complex Intercompany Eliminations – Intercompany elimination process was complex and highly manual Cash Flow Challenges – Calculating cash flow took considerable preparation with limited final reporting Inefficient Consolidation Process – Consolidation process took four hours to run, which occurred four to five times per month Solution Enhanced Capabilities – Support generation of income […]
Driver-based models streamline consolidation, budgeting, and reporting from weeks to days at Global Financial Services group
Business Challenges Inefficient and Inconsistent Processes – Eliminations, Equity Pick up, and Account Reconciliation processes conducted during the financial close were sub-optimal Lack of Automation – Lacked automated, driver-based employee planning for back office, and thus, unable to quickly perform what-if analysis Cumbersome, Offline Process – Consolidation of 275+ source inputs for Budgeting and Forecasting […]
Planning and budgeting solution enables scenario modeling and improves reporting at $30B wholesale distributor
Business Challenges Data Accuracy – Error-prone financial planning process resulted from manual inputting of sales and volume data into Excel and Smart View Labor Intensive Data Validation – Spent a large amount of time validating and reconciling data Sub-Optimal On-Premise Solution – On-premise Hyperion reporting environment resulted in various pitfalls for a variety of reasons, […]
Profitability and cost management cloud solution reduces allocation calculation time by 80% at leading $6B Insurance firm
Business Challenges Limited Analytical Flexibility – Environment did not allow for analysis across all customers and products Inefficient Allocations Process – Required to execute every two hours during month-end with an average run-time of 1.5 hours Inadequate Visibility – Concerns with allocations process created a significant amount of non-value added effort to decompose, validate, and […]
Shift to cloud significantly reduces financial close cycle time at mid-size Oil & Natural Gas company
Business Challenges Mapping and User Errors – Excel-based mapping and consolidation model prone to mapping and user errors Manual Adjustments and Auditability – Inability to perform intercompany eliminations, which required manual adjustments on consolidated reports; unable to secure or audit financial data Limited Analysis Due to Time Constraints – Business spent time gathering and processing […]