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 correct logic

Profitability and Cost Management Cloud Service (PCMCS) – Replaced on-premise Hyperion planning allocation solution with the highly scalable PCMCS cloud offering
Advanced Allocation Approach – Updated processes and allocation approach provides ability to conduct analysis for 1,000 customers, 100 products per customer, and 30 drivers
Validation and Visibility – Provided validations, traceability, and increased visibility into the allocations using out-of-the-box functionality

Streamlined Allocation Process – Improved process and simplified user interface allowed for quicker response time to business requests as well as greater confidence from the finance team and administrator when discussing required changes
Improved Allocation Performance by 80% – Reduced allocation calculation time from 1.5 hours to 15 minutes
Established a Flexible Platform – Solution set to easily scale profitability analysis during continued global growth
Enhanced Visibility – Faster process validation, issue resolution, and what-if analysis