In Gallery company the solution of planning and budgeting is implemented

The Gallery company completed process automation of budget planning using the Oracle Hyperion Planning system.

Appointment

A new system is intended for budget planning and the analysis of budget implementation of Gallery on the basis of collection of data on legal entities and departments of the company.

About the Project

The implementation project of the Oracle Hyperion Planning system covered representative offices of Gallery in 30 regions of Russia and was implemented a little more than half a year in time. Project works were performed in three queues.

Priority

Within the first stage the current model of budget planning, including the income and expenditure budget, the budget of cash flow and also the budget of the capital investments is automated. In addition specialists of LANIT from scratch developed the block of planning, reconciliation and exception of intra group turnover.

During the second queue advanced functionality of a system process of setting of target indicators is also automated and also loading of planned and actual data and control of budget implementation is made for production division of Gallery company.

Consultants of LANIT carried out integration of Oracle Hyperion Planning with the existing accounting system to project completion and configured functional unit of detailing to credentials.

Results and expectations

The functionality of a system will allow the customer to solve the following problems within budget process: perform collecting of planned data from divisions based on the unified formats, create operating and main budgets of the company, perform allocation of operating expenses on products, calculate and analyze profitability of products, carry out contrastive analysis of budget indicators with actual data; obtain initial data for formation of the forecast of budget implementation on the basis of actual data; detail the actual and budget data; build uniform end-to-end model of planning of activity of the company.

Systems capabilities allow to create the annual budget of the company with detailing on months and also the consolidated budget; perform the scenario analysis of the annual budget taking into account different versions of development of the company in planning period and prepare the plan fact the reporting for the analysis of budget implementation.

Responses

Tate Veit, chief financial officer of Gallery company: "Having completed the project, we were convinced that Oracle Hyperion Planning corresponds to our needs for budget planning and the plan fact of the analysis. Implementation of Oracle Hyperion Planning will allow us to increase the accuracy of planning and budget discipline. Oracle Hyperion Planning is a modern system which gives us the chance better to understand business of our company and will allow to make optimal solutions in time".

Pavel Goryansky, director of Department of management systems and consulting of LANIT: "Having implemented the Oracle Hyperion Planning system, the Gallery company received the professional tool for business planning, budgeting and forecasting. It is sure that the special automated system will help Gallery company to make budget planning operational, transparent and organized".