Customer Success

Business Challenges

• Lack Analytical Insights – Existing technology did not provide the ability to derive underlying insights into the business
• Manually Intensive Process – Financial planning process relied entirely on Excel spreadsheets

Solution

• Enterprise-Level Planning – Utilized best-in-class technology and business processes to replace the Excel-driven planning process with a solution that included:
  • Custom Chart of Accounts (COA)
  • Financial modules that enabled actuals, budget, and forecast entry and planning
• New Utility and Raw Materials Planning Process – Developed separate process for utility and excess raw materials planning to drive additional business value
• Detailed Revenue and COGS Planning – Developed a planning process executed at the department and product level to improve granularity and impact of plans

Impact

• Reduced Planning Time and Complexity – Eliminated substantial manual efforts needed to perform financial planning process
• Single Streamlined System – Consolidated several different processes performed by various individuals into a single systematic process
• Enhanced Planning Capabilities – Increased capacity and capabilities within the planning process and its outputs by utilizing new functionalities within Enterprise Planning and Budgeting Cloud Service (EPBCS)
  • Established a foundation to support future growth and provide insights into key business views