Enabling faster plan and forecast
for a leading NBFC
Key Outcomes
50% reduction in time spent on data entry
Ability to create and share forecasts in minutes, rather than weeks
Ability to forecast revenue based on 3-5 years of amortization models with complex drivers
The Client
Founded in 2003, The Client is a tech-forward, inclusive, and responsible business using world-class innovative technology and data science to provide easier credit solutions for customers, employees, and merchants alike.
The Challenge
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Streamlined Data Sourcing: The Client needed to efficiently source actual financial data from their Netsuite ERP system for faster monthly reporting.
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Enhanced Collaboration: There was a requirement for improved cross-departmental collaboration with flexible planning models and a user-friendly interface.
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Complex Revenue Forecasting: The Client’s revenue forecasting models were intricate, involving various loan disbursement types.
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Excel Dependency: They faced challenges due to manual planning and forecasting processes that relied on numerous Excel spreadsheets.
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Long-term Forecasting: The Client sought the ability to forecast revenue over 3-5 years using complex amortization models with multiple drivers.
The Solution
After studying the business and analysing its needs, Constellation recommended implementation of the Anaplan platform to address the client’s unique business needs:
- The solution comprised a single connected planning platform that provided a unified interface covering planning, budgeting, and monthly forecasting processes.
- Anaplan’s automation capabilities would allow The Client to streamline planning and forecasting based on multiple drivers and complex amortization assumptions.
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The platform automated fixed cost planning and generated Income Statement and Balance Sheet reports efficiently.
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The solution facilitated easy scenario modelling and what-if analysis, enabling the client to explore various financial scenarios rapidly.
Outcomes
The implementation of Anaplan’s Planning & Budgeting solution delivered significant results for The Client, including:
- Connected Planning: The Client achieved an automated connected planning solution, enabling enterprise-wide planning and reporting.
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Data Integration: Integration with Netsuite ERP ensured faster and more accurate actual reporting for management.
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Accelerated Planning: The Client reduced its planning timeline from weeks to just 2-3 days, enhancing agility and decision-making.
- Workforce Cost Planning: The platform introduced an employee-level workforce cost planning module, providing real-time insights into its impact on the income statement.
- Long-term Forecasting: The Client gained the capability to plan for 3-5 years, enabling better long-term strategic decision-making.