In any e-commerce business, the quality of the technology determines the competitiveness of the company. Technology promptly informs specialists and management of any changes, providing the necessary data to make informed management decisions. The speed of decision-making and accuracy of planning directly affect financial results, and only technology can minimize the time taken to deliver information from source to stakeholder. Earlier, in the midst of the COVID-19 pandemic, the Company was faced with dramatic changes in consumer demand, which required quick decisions and business restructuring.
In this situation, there was a need for tools to calculate multiple development scenarios as quickly as possible. That’s why one of the most important initiatives for the management team was a project to automate collection of the Company’s financial plan.
The financial planning and budgeting process was implemented on the Anaplan cloud-based integrated planning platform in eight months, with the first MVP already available in five months: