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Retail and distribution company got to a whole new level of budgeting in Anaplan

Client
Retail and distribution company
Sector
Retail, Distribution & Logistics
Functional area
Financial planning & analysis (FP&A)
Platforms
Anaplan
Retail and distribution company got to a whole new level of budgeting in Anaplan

“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.”

Deputy CFO
01
BUSINESS CHALLENGE
A growing retail and distribution company faces increasing competition from local players and the imminent prospect of federal players entering ... Read more

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.

02
SOLUTION
Anaplan, being an integrated planning and budgeting tool, was implemented. It made it possible to organize a continuous forecasting process, ... Read more

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.

03
BUSINESS VALUE
As a result of the project, a decrease in the expected time of budget making (by about 60%) took place ... Read more
  • As a result of the project, a decrease in the expected time of budget making (by about 60%) took place and the expected number of errors in budgeting and calculations went down.
  • Data transparency increased due to the drill-down capabilities inside Anaplan, while the dependence on IT services for setting up and developing solutions decreased.
  • The client’s team shifted from periodic planning to rolling forecast. Planning improvements allow the company to keep track of changes in 1-month increments; several types of related budgets are now used – annual, strategic, and operational planning.