The oilfield service contractor of NewTech passes to Anaplan

One of the most fast-growing Russian oilfield service contractors, NewTech group, passes to the Anaplan platform for process optimization of financial and operational planning.

For financial business planning and control specialists of NewTech long time used spreadsheets. Over time they ceased to cope with tasks of financial department as spreadsheets are ineffective at corporate use and work with data bulks.

For the purpose of optimization financial and business processes the management of NewTech made the decision to pass to the Anaplan platform which thanks to unique Hyperblock technology just allows quickly and to build even the most difficult models and also to execute any calculations in real time on any amounts of data. Besides, Anaplan was selected because of an opportunity to connect to process an unlimited number of users without loss of control over data.

"Our quality requirements, speeds and efficiency of the performed processes become higher every year, and an old system could not satisfy them any more. For this reason we took a risky, but necessary step – implementation of new technology of financial planning, budgeting and control, - Dmitry Yefimov, the chief financial officer of NewTech group noted. – We hope that the Anaplan system known for the mobility and convenience in work will allow us to distribute more rationally resources of specialists and more quickly to react to quickly changing world around conditions".

Rotmanov Yury, the managing director of representative office of Anaplan in Central and Eastern Europe, noted that they in the company are glad to the beginning of cooperation with NewTech group which exactingly treats efficiency of the business processes. "We are convinced that Anaplan will allow not only to reduce labor costs of staff of finance division, but also to increase efficiency of business processes of the company in general", - Rotmanov added.