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CHALLENGE:
Costly and cumbersome FP&A
Previously, the company carried out their planning for different financial scenarios (monthly forecast and budget) in Excel, passing the definitive version to PeopleSoft sequentially. Every modification in PeopleSoft demanded time-consuming manual labour in addition to being very expensive. The challenge for Spaulding Ridge was to cut time spent on financial planning and add intelligence to the system so that the tool could deliver an initial forecast, as well as streamline scenario analysis in financial modeling.
SOLUTION:
An agile, multi-directional, integrated stack
To provide a more agile, precise, and time-saving system, Spaulding Ridge implement Oracle PBCS and integrating it to PeopleSoft, with the connection working in both directions to share data both ways.
RESULTS:
A streamlined and integrated process
The Spanish Football Club can now carry out Financial Planning in a more agile, precise and time-saving manner. The process now starts with an initial forecast generated by the system, based on actual/historic data and with specific allocation criteria.
The system also allows users to copy and adjust values with ease. In addition, it enables the users to maintain multiple versions of each forecast. The whole process is complemented with the integration between PBCS and PeopleSoft that works in both directions, meaning that real data is uploaded from PeopleSoft to PBCS, and the definitive version of each FP scenario is transferred from PBCS to PeopleSoft.
