Scenario Planning, Budgeting & Planning, Reporting
Workday Adaptive Planning
The leading provider of permanent and temporary hospitality staff for casinos, resorts, and hotels set itself an aggressive goal of growing top-line sales 10 – 15%. The company’s Finance team had an “Excel nightmare” – gigantic spreadsheets with many tabs and links, some of which were broken. A lot of time was spent ensuring the company’s budgets, P&L, revenue and headcount reports were accurate. The annual budget process took six months. Its monthly close cycle lasted nearly three weeks, spilling over into the next reporting period. The manual, time-consuming data entry process left little time to review or analyze the data.
Workday Adaptive Planning has enabled the staffing company to slash their annual planning process from six months to six weeks, gaining back 18 weeks of critical staff time to perform value-added tasks like profitability analysis and what-if scenarios. The company also reduced the reporting and monthly close from 21 days to six days as a result of a real-time integration with Great Plains.
Workday Adaptive Planning gives the team increased access to real-time KPIs, helping the staffing company to make strategic decisions. These data-driven decisions helped achieved corporate revenue and net operating income goals two years in and row and counting.