This post continues our series on how we use Workday Adaptive Planning to solve problems. Each blog post focuses on a real-world client experience where Revelwood was presented with a unique or thorny problem. We’ll explain our approach to how we solved it.
Revelwood Client: This company manufactures premium lighting and home accessories. It produces approximately 1,000 different designs that can be made in more than 25,000 ways as a standard product.
Problem: Granular Details Impeded System Performance
Scenario: The company worked with an implementation partner to build a Workday Adaptive Planning solution for budgeting, forecasting and reporting. The implementation they built went to the nth degree of detail and granularity. That level of granularity resulted in the system performing poorly. It also required a high level of upkeep.
How We Helped: The manufacturer engaged Revelwood for a health check, after which we revamped the company’s model. Revising the company’s model enabled ad-hoc analysis – a key aspect of forecasting that was impossible to do in the earlier instance.
These changes had a big impact on the company’s next budgeting cycle. By revamping the company’s model, Revelwood enabled the manufacturer to do scenario planning – something they could not do in their earlier implementation of Workday Adaptive Planning.
Do you have a challenge you’d like to leverage Workday Adaptive Planning for? Reach out to us – we can help!
Read the posts in our series, How we Solve Problems Using Workday Adaptive Planning
Using Workday Adaptive Planning for Headcount Planning
Workday Adaptive Planning for Incorporating Foreign Transactions
Using Workday Adaptive Planning to Model Revenue and Expenses