Integrated financial planning process in Anaplan for Baltika

CLIENT
Baltika, part of the Carlsberg Group
SECTOR
GEOGRAPHY
Russia
FUNCTIONAL AREAS
PLATFORMS
Anaplan
Integrated financial planning process in Anaplan for Baltika

Financial forecast is a backbone process, and any shortcomings within financial forecasting affect business. As our business grows, so does the complexity of the processes which cause automated solutions to be more and more efficient. Our goal was to grow transparency and speed in making and managing the P&L with a granularity which was never possible without an integrated, well-structured tool. Parallel to this we aim at significantly improving the way we collaborate across all involved departments. Launching a flexible platform such as Anaplan designed for planning and dynamic control has become even more topical nowadays.

Elizaveta Palitsyna, Operations controlling Director for Eastern Europe
01
Business Challenge
Baltika, part of the Carlsberg Group, is implementing its “Strategy 2020-2022”. Accelerating Baltika’s digital business transformation has recently become pivotal ... Читать дальше

Baltika, part of the Carlsberg Group, is implementing its “Strategy 2020-2022”. Accelerating Baltika’s digital business transformation has recently become pivotal due to the Covid-19 pandemic and the fact that part of the team
started working remotely.

One of the largest and most important initiatives within the plan became the project of automating an integrated financial forecasting (P&L). The business team set the following requirements for a future IT platform and the project overall:

  • Reduce the time and cost spent on making a financial plan
  • Increase granularity of the forecast
  • Improve quality and speed in decision making within the S&OP process
02
Solution
Thanks to an integrated planning platform Anaplan, a tailored solution was developed and launched according to Baltika’s specifications: A model ... Читать дальше

Thanks to an integrated planning platform Anaplan, a tailored solution was developed and launched according to Baltika’s specifications:

  • A model to make a financial forecast was created, down to the level of SKU and customer, which was based on various input data: logistics costs, revenue, COGS, production costs, marketing and other costs.
  • Implementation of Scenario planning functionality to improve flexibility and quality of business decisions.
  • Anaplan became a single source of truth, mitigating the risks of misaligned assumptions, duplicating calculations, and resolving conflicting decisions.
  • The implemented platform enabled the team to move away from data collection, processing, and quality checking to more human-centric tasks such as analyzing and taking proactive action.
03
Business value
Over 400 man-hours saved yearly on data consolidation and checking. The time spent on calculating the P&L (granularity by SKU ... Читать дальше
  • Over 400 man-hours saved yearly on data consolidation and checking.
  • The time spent on calculating the P&L (granularity by SKU – Subchannel – Customer) reduced from 7 to 3 days.
  • Forecast accuracy increased as well as transparency of calculations within the process.