Post on 07-Jan-2017
transcript
7 reasons to upgrade your spreadsheets to a true
planning platform
Total Company
Contract Revenue
Top Line Revenue Summary
Jan15
Feb15
Mar15
Apr15
May15
Jun15
Jul15
Aug15
Sep15
Oct15
Nov15
Dec15
10M
15M
20M
0M
5M
25M
Q1 Forecast
Professional Services Monitoring Service Revenue Whole Sale
41,603,432(30,508,255)
11,095,17726.67%
(4,569,926)6,525,250
15.68%
25,432,046Q2 FY15Q1 FY15
(19,212,883)6,219,162
24.45%(4,423,624)
1,795,5387.06%
TOTAL REVENUE
TOTAL COST OF SALES
Gross Margin %OPERATING EXPENSES
Operating Margin %
64,222,83024,482,28052,234,90076,717,18076,717,18076,717,18076,967180
64,222,830Q4 FY15Q3 FY15
19,910,22040,816,66060,726,88060,726,88060,949,28080,000,000
64,222,83024,482,28052,234,90076,717,18076,717,18076,717,18076,967180
FY15
GROSS PROFIT
OPERATING INCOME
Total CompanyP&L Summary
Total Company
Contract Revenue
Top Line Revenue Summary
Jan15
Feb15
Mar15
Apr15
May15
Jun15
10M
15M
20M
0M
5M
25M
Professional Services
Monitoring Service Revenue Whole Sale
41,603,432(30,508,255)
11,095,17726.67%
(4,569,926)6,525,250
15.68%
25,432,046Q2 FY15Q1 FY15
(19,212,883)6,219,162
24.45%(4,423,624)
1,795,5387.06%
TOTAL REVENUE
TOTAL COST OF SALES
Gross Margin %OPERATING EXPENSES
Operating Margin %
GROSS PROFIT
OPERATING INCOME
Total CompanyP&L Summary
“We had an ancient Excel® financial model—sort of like Dr. Frankenstein’s monster. There were a couple hundred di�erent versions. We knew we had to eliminate the usage of that massive Excel file from our day-to-day business operations.”
- Andrew Chapello, Product Manager of Business Applications, Box
Here are the seven reasons to upgrade from spreadsheets for your planning, budgeting, and reporting.
Your spreadsheet is not a database. It’s easy to get an answer from
spreadsheets, but it’s not necessarily the right answer…it’s static data.
=XLS ×
“We had outgrown the use of Excel as our sole planning solution. Analysis was not real time. There was a major lack in collaboration, and data was not transparent across the organization.”
- Jared Waterman, Vice President of FP&A, Pandora
More than 90% of spreadsheets contain serious errors, while more than 90% of spreadsheet users are convinced that
their models are error-free.2
90%
When working from version 43 of a spreadsheet, imagine how many errors could be misguiding your analysis…and
ultimately, your business.
“We didn’t know what kind of business we would have in three years’ time. We didn’t know what adding a hundred stores to the business would do to us. So we wanted a planning solution that could evolve, both in terms of the scale, but also in terms of the direction that we wanted to take.”
- Strahan Wilson, CFO, EAT
With no plan tomigrate o� spreadsheets,
you are harming the company’s potential
opportunity for growth and expansion.
To jog your memory…in 2013 Fannie Mae had a $1.3 billion error in total shareholder equity tied to
mistakes in spreadsheets.3
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During a recent co-hosted CFO.com and Anaplan webinar…
42% of respondents said they spend more than 20 hours per week using spreadsheets for their
planning, budgeting, and/or reporting.
42%
When migrating o� of spreadsheets and onto a true planning solution, you will see a
massive increase in ROTI—return on time investment. Your team will thank you.
“I like to joke that we wanted to put the A back in FP&A. We needed a system to do the basic blocking and tackling so that we had the time to help the business understand the ‘so what’ behind the data and advise the business on how best to take action.”
- Mike Lemberg, VP of Finance, ServiceSource
To properly plan and forecast your business’ future, you need access to both past data
and future possibilities by running scenario-based strategic planning.
Agility is di�erent than flexibility. Agility is the ability to see an issue or opportunity and take
action or course correct to find a solution.
“Now with Anaplan, each restaurant manager can pull up their financial data anytime from a tablet or smartphone. They can course correct their operating plan and budget on-the-fly based on the real-time insight into a restaurant’s P&L. This visibility and agility did not exist previously, and now it’s automated!”
- Jaime Benson, Finance Manager, Red Robin Gourmet Burgers & Brews
Are these 7 reasons not quite enough to convince you to upgrade from spreadsheets?
Read our white paper: 7 reasons to replace your planning spreadsheets.
SOURCES
1. Ventana Research, “Make automating the o�ce of finance and accounting a priority,” published January 27, 2015. Accessed November 3, 2015. http://ventanaresearch.com/blog/commentblog.aspx?id=4668.
2. Association of Chartered Certified Accountants (ACCA), “Talking Technology – Spreadsheet Solutions” ACCA, published August 11, 2015. Accessed November 3, 2015. http://www.accaglobal.com/an/en/student/sa/features/talking-technology---spreadsheet-solutions.html.
3. Wailgum, Thomas. “Eight of the worst spreadsheet blunders,” CIO.com, published August 17, 2007. Accessed November 3, 2015. http://www.cio.com/article/2438188/enterprise-software/eight-of-the-worst-spreadsheet-blunders.html.