“As a result of the Anaplan implementation project, an analytical decision-making support system was created, the role and responsibility of budget holders increased due to their closer involvement in the planning process. Labor costs on the planning function has been reduced several times, and the time released is used for analysis and creating new initiatives.”
A growing retail and distribution company faces increasing competition from local players and the imminent prospect of federal players entering the region. Under these conditions the role of making appropriate and effective management decision based on modern financial planning and forecasting tools has increased.
For a long time, the Company had been using Excel© as a corporate budgeting tool. It was inexpensive and ubiquitous but did not allow for work in interconnected budget models or recalculation of the entire model correctly with the minimum number of errors when changing one or several parameters. With this in mind, it was decided to implement a specialized performance management tool – Anaplan.
Anaplan, being an integrated planning and budgeting tool, was implemented. It made it possible to organize a continuous forecasting process, reduce the time needed to prepare budgets and improve the granularity and transparency of the budgeting process.