How do you provide budgeting and forecasting answers on-the-fly in real-time with spreadsheets? You don’t. This is why Texans Credit Union switched from spreadsheets to Workday Adaptive Planning for streamlined and more efficient budgeting, forecasting and reporting.
Texans Credit Union, founded in 1953 by 11 Texas Instruments employees, now serves over 117,000 members. Its mission is to improve the well-being of all Texans. The organization is a full-service, not-for-profit institution with members throughout the Dallas Fort Worth area.
“A budget built on a series of spreadsheets was not appropriate for a business of our size and complexity,” said Ben Hart, CFO, Texans Credit Union. “Our biggest challenge was that we couldn’t easily pivot and change things on-the-fly.”
Texans Credit Union partnered with Revelwood to build a Workday Adaptive Planning-based budgeting and planning model that included personnel, CapEx and revenue. The data flows into a dashboard for easy visualization.
The budgeting and planning model enables Texans to see actuals at a department level and branch level. “Adaptive is a very intuitive and flexible solution,” stated Hart. “Revelwood was very creative in how they implemented Adaptive for Texans. We had weekly meetings with Revelwood where they would share their knowledge and even go through technical details with us.”
Interested in learning the full story? Read the success story to learn how Texans benefits from Workday Adaptive Planning.