Post’s Finance Department was plunged into challenges each October when it came time to consolidate more than 100 Excel spreadsheets for the annual budget. There was so much effort spent on manual consolidation there was no time remaining for analysis.
The company implemented the IBM® Planning Analytics which automates planning, budgeting, forecasting and analysis processes.
Planning Analytics enabled Post to condense certain processes within the budgeting and planning cycles from months to weeks. Post was then able to go from an annual budget to a rolling forecast for improved accuracy.