Transforming financial planning and reporting for one of the largest independent, community-based blood centers in the country enables Finance to be seen as a value-added partner to the organization.

Challenge

New York Blood Center needed to completely overhaul its financial reporting system and processes in order to deliver more accurate, consistent and timelier information to its senior executives and Board of Directors.

Solution

Revelwood built several custom and complex models in IBM Planning Analytics to incorporate data from disparate systems into one fast and comprehensive planning and reporting solution.

Benefits

• Regular and timely monthly reporting with greater detail and visibility for line-of-business managers, senior directors and the Board of Directors.
• Easy integration with other systems to report on strategic merger and acquisition activities.
• The ability to perform complex modeling and forecasting, allocations and driver-based planning, enabling more accurate reporting on revenues and expenses by department.