Success Story
“Planning Analytics has streamlined our FP&A processes. Our FP&A team meets with cost center owners every month to review the P&L statement. This is incredibly helpful since our market dynamics change completely every 4-6 months. We can then apply those changes to our finance model immediately.”
Hugh Do
Director of FP&A
Parallel
Parallel is one of the largest privately held, vertically integrated, multi-state cannabis operators in the United States. The company cultivates, produces and processes cannabis for medical purposes. It also operates marijuana dispensaries. Its mission is to bring well-being and improved quality of life through cannabinoids. Parallel currently operates in four markets: Florida, Massachusetts, Texas and Pennsylvania.
Challenge
Manage the operations and growth of the company through rolling forecasts and gain the insight needed to grow revenue while retaining their existing footprint.
Solution
IBM Planning Analytics
Benefits
- Rolling forecasts that can be easily adjusted in a continuously changing market
- Quickly build reports for management within days of closing the books
- Provide a plan for expansion, maximizing revenue without expanding the company’s footprint