TM1 Explorers: Explore, Challenge and Summit with TM1 › Base Camp Forums › Success Stories › Integrated planning for integrated business @ Kazancı Holding
Member14-Jun-21 at 5:14 pm0 Diamonds0 Gold40 ExperienceScout
Announcing our most recent published success story with TM1.
To replace disjointed financial planning and reporting processes, KAZANCI HOLDING and IBM Business Partner Planist Bilisim Hizmetleri ve Danismanlik Tic. Ltd. Sti. created a centralized budgeting and consolidation framework — backed by IBM® Planning Analytics powered by TM1® software — that lets users plan and report quickly and easily using integrated financial data.
KAZANCI HOLDING wanted to develop a group-wide, integrated financial budgeting and reporting solution to replace its manual and disjointed processes.
Together with Planist, the business put in place a centralized planning, budgeting and consolidation platform backed by IBM Planning Analytics software.
<5 days to consolidate group financials, 10 days faster than the previous method
Boosts accuracy of reports with standardized data formats and a central management portal
Promotes integrity and reconciliation of plans and budgets with driver-based and integrated planning models
See full details in attached pdf document.
Administrator15-Jun-21 at 4:10 pm2 Diamonds14 Gold1,440 ExperienceHiker
That sounds like a great solution Mucahit.
A few questions for you:
- How complex was the consolidation?
- Did you have any FX translation?
- If so, how did you handle the Foreign Currency Translation Reserve?
- Did you have any minority interests to manage?
- How did you manage intercompany transactions?
Cheers and well done!