Company Background
This Ranzal client is a leading manufacturer and distributor of personal care and nutritional products in dozens of countries around the world.
Project Goals & Objectives- Leverage financial data from the Baan financial system
- Replace Excel-based forecast and budgeting templates
Business Issues
The client’s former process using Excel left the finance team without the ability to make quick changes. They also lacked analysis tools and version control. Data integrity was an issue as well.
Software Implemented- Hyperion Planning
This company partnered with Ranzal and Hyperion Services to build Phase 1 of a Hyperion Planning budgeting solution. The first phase of this project required a U.S. income statement budget model. This model included cost center budgeting and headcount planning for their U.S. company with easy-to-use web forms and a comprehensive reporting and analysis solution.
Business Benefits- Fiscal budgets and headcount data are easily added by the finance team and cost center managers with standard web templates
- Errors are reduced and time is saved with actual month-end results captured from the Baan financial system and loaded to Hyperion Planning
- The finance manager assists cost center managers with analysis and budgeting decisions by providing easy-to-create reports and analytical views
