DC Thomson

Challenge

  • There was no internal knowledge or skills to utilise existing IBM Cognos Planning Solution.
  • The solution was difficult to navigate and the budget process became unclear.
  • There was no functionality to carry out in year forecasts, rolling forecasts or variance reporting.
  • Visibility of profitability at Title level was limited.
  • The Planning application only held one year of historical data.
  • The business had lost faith in the system.

Solution

  • Workshop sessions redesigned the business planning process model.
  • A user friendly navigation and process screen was created enabling multiple users to carry out the planning cycles.
  • A Forecast and Rolling Forecast dimension was created to enable the business to plan on a more regular basis.
  • Formal training was delivered and the model development carried out collaboratively to ensure the business could own the planning application.
  • Mappings from source data to create P&Ls by Title.
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Benefits

  • The application is owned by the business within the Finance Team.
  • Easy to use screens and step by step instructions enables the business to run and enhance the model continuously.
  • Budgets and Forecasts can now be viewed by Title, this allows the business to understand which Titles are profitable and which ones are not.
  • The business can now create monthly and quarterly forecasts and achieve rolling monthly forecasts.
  • The business regained its trust in the IBM planning tool.
Private: Sam Boulton
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