Financial Planning & Analysis Solution
A Mining, Manufacturing, Industrial Machinery & Equipment Company
Revenue: USD 80 Million
PROBLEM
- Manual and time-consuming process of Budgeting and Forecast preparation for multiple group entities
- Difficulty in unifying actual data for financial closing and reporting
- Broken linkages between Financial Reports due to data mismatch causing issues with Planning, Management reporting as well as statutory reporting
SOLUTION
- Clear process of accumulating business segment wise and entity wise data in unified format
- Data integration scripts to map all necessary data to appropriate reporting line items
- Connecting Profit and Loss, Balance Sheet and Cash flow models for all versions across planning cycles.
- Creating simulations for cost allocations
RESULTS
- Higher data integrity and more trustworthy plan and reports
- Efficient planning by teams
- Reduced dependency on IT for data preparation for budgeting, planning, forecasting process