• 50% Reduction in time for Planning, Analysis, and Reporting

Overview of the Client

Our client operates as a leading food and beverage service provider for travelers on a global scale. Their expertise lies in establishing inventive dining establishments in airports across the world. They offer distinctive and memorable food and beverage experiences while prioritizing top-notch customer service.

Overview of the Client

Business Challenges and Objectives

  • The primary objective was to accelerate the forecasting processes of income statements, balance sheets, and cash flow statements with driver-based forecasting.
  • The existing system used an Excel-based, bottom-up planning approach requiring significant manual effort and reconciliation to generate the reports.
  • The initial Anaplan Model was limited to Sales, Direct Labor, and Cost of Sales.
  • The client used an offline system to calculate the lease Income/Expense, G&A, and Capex Planning.

The Solution

  • The TekLink Team implemented a top-down driver-based forecasting solution for all the financial statements.
  • The solution is designed to be dynamic, enabling easy adjustments to the calculation methodologies and drivers, such as Sales, Direct Labor, DIO, DSO, DPO, and others.
  • The solution also accommodates for a complete income statement, balance sheets, and cash flow statements.
  • The team developed the Lease/Contract modules to calculate the lease income and expenditure.
  • The other modules include Cost Planning, Corporate Workforce Planning, G & A Accounts, Depreciation, and Amortization.
  • The solution allows the execution of version comparison reports such as Actual Vs. Forecasts that get converted to visuals aiding in providing actionable insights.

Business Outcomes and Benefits

  • A 50% reduction in planning, analysis, and reporting time significantly decreased operational efforts.
  • A flexible solution allowing for quick changes to drivers and growth percentages at different levels in the organizational hierarchy.
  • Eliminating the use of spreadsheets by moving the planning process to Anaplan.
  • The solution is easy-to-use and 100% owned by the business.
Business Outcomes and Benefits

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