“Activities that used to take several days can now be done in less than a day. We have more visibility, and we’ve pushed planning down to more individuals. People are now much closer to the process. And overall, people are much more productive.”
Senior Accounting Manager
Rayonier, a real estate investment trust (REIT), is one of the largest private landowners in the U.S. The company owns, leases or manages approximately 2.7 million acres of timberlands in the U.S. South, U.S. Pacific Northwest.
Rayonier wanted to move away from the myriad of budgeting, finance and reporting systems it was using across multiple divisions onto one single, more easily used and managed solution.
Revelwood built several custom, complex models using IBM Planning Analytics to incorporate unique aspects of Rayonier’s business, such as timber harvests and land sales, while also streamlining activities that were previously cumbersome.
- Streamlined processes with faster and more efficient close processes
- Greater visibility, increased participation and more ownership
- Significant hard and soft financial savings