Overview of the Client

Our client is a prominent financial services provider in several countries worldwide. Their extensive services include commercial and personal banking, wealth management, and corporate and investment banking. They are recognized as one of the largest banks in Canada based on deposits and market capitalization. In addition, they have been featured in the top 50 of SNL Financial World's Largest Banks list, highlighting the leading global banking institutions.

Overview of the Client

Business Objectives

  • Our client has implemented more than 15 Anaplan models for Zero-Based Budgeting (ZBB) across their global business.
    • To optimize their existing solution, they required additional expertise and support.
    • The client was actively seeking an experienced Anaplan IT partner to help streamline their solution.
    • Furthermore, the client aimed to identify potential opportunities for further cost savings in their budgeting processes.

The Solution

The client chose TekLink as their trusted partner due to their successful track record in Anaplan Application Managed Services (AMS) engagements. TekLink’s Global Support Model allowed them to offer on-site and offshore support that was cost-effective and flexible.

TekLink provided the following services and solutions to the client:

  • Optimizing the existing Anaplan models by reviewing hierarchies and removing unused components to ensure optimal performance.
  • Enhancing the user-friendliness of reports and dashboards through revisions.
  • Simplifying and updating the existing budget templates to ensure relevant data entry.
  • Creating new reports to map the Anaplan hierarchy to other existing system hierarchies.
  • Expanding the use of Zero-Based Budgeting (ZBB) to other international divisions/counterparts.

Key Benefits

  • The final implementation resulted in an efficient and improved budgeting process and other additional benefits such as:
    • Reduction of 1 week (33%) in the time and effort required to enter budgets, which was reduced from 3 weeks to 2 weeks.
    • Increased clarity and improved understanding for management due to additional details included in the revised budget templates.
    • The additional details helped specify “spending areas” and “amounts,” which contributed to expediting the budget approval process.
    • The client achieved a significant reduction of 15% in discretionary cost, resulting in cost savings.

To learn more about this offering