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How HPCM Can Improve Profitability and the Allocation Process
Topic: Planning
Owner: Carie Self
Date: 2014-06-25
Subtopic: Case Studies

For many organizations, allocations to enable segment profitability is a time-consuming, manually-intensive process involving many Excel workbooks and calculations, databases and reports. This also generally means that the methodology behind the allocations is not updated as frequently as the business changes, it is difficult to trace back how final allocations were created, and analysis is not user-friendly. HPCM provides a business-user oriented application for building and maintaining allocations models that is flexible, provides traceability to highlight each step in the allocation process and creates results in an Essbase cube for analysis. Hear how HPCM helped Waddell & Reed replace their traditional Essbase application containing custom calc scripts utilizing hours of processing time with a streamlined process that allows their finance team to monitor and modify allocations as necessary, lessened the dependence on their Essbase resources for model changes and validation, and created a new avenue for analysis.


Download File   cself.howHPCMcanimproveprofitability.pdf

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