Our relationship
A leader in the U.S. optical industry sought to extend the capabilities of its SAP financial reporting, budgeting and forecasting tool capabilities, and to increase efficiency and collaboration.
The company turned to Protiviti, its long-standing SAP Gold partner, to help its project team modernize and implement a comprehensive FP&A strategy.
Opportunity
The company recognized it needed to make its financial planning cycle more efficient and collaborative to engage its 1100-plus stores, and increase participation in the financial planning process.
The organization planned to integrate cloud-based analytics into its existing SAP financial reporting, budgeting and forecasting tools to provide a more robust view into the real-time impact of key business drivers and to aid forecasting.
Strategic approach
Protiviti’s SAP experts worked with company stakeholders to guide the overall business and technical strategy and enable the development of a new planning process.
Solutions
Created a holistic solution that covered all financial reporting needs, including gap, management and operations reporting.
Extended the company’s SAP Business Planning and Consolidation capabilities to SAP Analytics Cloud, and built a future-proof solution that:
Removed silos so users are empowered to participate in every aspect of the processEncouraged collaborative enterprise planning at all levelsProvided access to all users via a cloud-based architectureProvided real-time calculations harnessing the power of SAP High Performance Analytic ApplianceAllowed for deeper analysis through SAP Analytics Cloud
Technology-driven innovation
SAP Business Planning and Consolidation solution delivered planning, budgeting, forecasting and financial consolidation capabilities.
SAP Analytics Cloud integrated financial planning, reporting, analytics and predictive capabilities to extract actionable insights in one cloud-based platform.
Results
With our help, the company was positioned to take advantage of SAP Analytics Cloud’s predictive capabilities for planning and creating an automated FP&A process. The company significantly reduced data collection time, yielding improved decision-making and extended high-level data analysis and insight.
Currently in the first phase of its plan to extend its financial planning, the company anticipates taking advantage of the readily available predictive capabilities of SAP Analytics Cloud and creating an automated FP&A process. For now, its new reporting and planning landscape allows the company to clearly see what’s in store.
