Case Study
FinanceA unit of a Multinational Conglomerate, which at the time held $77 billion in assets and was a leading provider of credit services to consumers, retailers and auto dealers in 36 countries around the world.
Solution
What Essatto Budgeting & Forecasting features were used?
- Mutli-Scenario Budgeting & Forecasting
- Self Service Reporting
- Data Integration to Oracle
Industry:
Finance
Company Size:
Large
Integrations & Apps Used:
Details
Challenge
- The business incorporated a significant number of entities (2561) and products (1,165) and needed an efficient means of allocating costs to these entity/product combinations to facilitate product profitability.
- All management reporting, budgeting and re-forecasting were undertaken via a myriad of spreadsheets and in this environment, it was not possible to get down to the necessary level of detail the business required.
- Preparing all these various spreadsheets was time-consuming with dependency on a number of key individuals for the delivery of these outcomes.
Solution benefits
- Monthly regional consolidation across 11 countries was achieved.
- Facilitated the production of product profitability and cost allocation for actuals, budgets and forecasts.
- Enhanced the organisation’s ability to produce budgets and forecasts across multiple scenarios.
- Removed key-man risk by centralising/automating the organisation’s intellectual property.
- Facilitated self-service reporting by business users, including management reports, KPIs and actual versus budget variance analysis.
No. of Countries
11
No. of Entities
2500+
No. of Centres
12000+
No. of Products
1100+
No. of Products
900+
With Essatto, business was able to easily allocate costs to Entity/Product Combinations to facilitate Profitability.