What technology "Alphabet of Taste" automated budget management

On September 21, 2015 the CORUS Consulting group announced project completion on automation of budget management on the Oracle Hyperion Planning platform by request of Alphabet of Taste.

Project Tasks

Business development and volatility of steel markets a basis for making decision on expansion of systems capabilities of budgeting in Alphabet of Taste company.

In 2011 CORUS Consulting Group executed for Alphabet of Taste the project on automation of budget management as a result of which the reliability and quality of planned data increased, the labor input of planning process and carrying out the scenario analysis is reduced.

"Alphabet of taste", 2013

In this project the problem of completion of methodology of budget management, increase in detailing of data of model, improvement of tools of the analysis and modeling for assessment of effects of management decisions, decrease in labor input, terms of process of preparation of financial plans and the management reporting is designated. Having studied relevant requirements of the customer, specialists of the contractor came to a conclusion about need of installation of the new technical platform for the solution of the standing tasks.

As the platform for system implementation the solution for the integrated business planning, budgeting and forecasting of Oracle Hyperion Planning is selected.

Project Progress

In the course of project implementation the model of budget planning is considerably expanded. By means of Oracle Hyperion Planning there were blocks of operating budgets which did not undergo automation, united in the uniform interconnected budget model of the company earlier. Detailing of planning is improved and transition from simple planning of a financial result to resource planning by means of model of drivers and standards is executed:

• raw materials,
• personnel,
• areas,
• vehicles, etc.

Features of the implemented solution:

• automation of monthly process of formation of the updated plan on the basis of the loaded actual data for last period and planned data on a future period,
• an opportunity to create planned and report forms in consolidated and taking into account elimination of intra group turnovers a type,
• calculation of technical and economic indicators of development in the horizon up to 25 years.

Project Results

"In the conditions of high dynamism of work of our network and growth of volume of the processed data, expansion of systems capabilities of budgeting became vital for our company, - Victoria Lubnina, the chief financial officer of Alphabet of Taste company noted. – Necessary modifications were implemented with specialists of CORUS Consulting Group with whom we had a positive experience of cooperation and in whose examination in retail we are sure of partnership. Thanks to their participation we managed to select the optimal platform and to fit into a framework of the adopted budget. Project deliverables completely were positive, in the current situation a new system on the basis of Oracle Hyperion Planning allows us to increase significantly quality of acceptance of management decisions".

""Alphabet of Taste" always distinguished focus by result and interest in achievement of the most effective business indicators of the project, - told Sergey Safronov, the Head of Department CPM of group of companies CORUS Consulting. – It is possible to tell with confidence that it in many respects defined success of an implementation project of a budgeting system in dynamically developing retail network: despite task scale, all project objectives were achieved at the scheduled time. A system based on Oracle Hyperion Planning provided to management of the customer that it is necessary for it in the current conditions: increase in detailing of data, transition to planning according to standards, automation of process of forecasting and calculation of the feasibility study, extended opportunities for the analysis and modeling".