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24.10.2018 | Альбина Весина

New automated budgeting system from KORUS Consulting

KORUS Consulting Group has started a project to create an automated budgeting system on the cloud platform Anaplan in BNS Group. BNS Group – one of the leaders of the Russian fashion retail, for more than 20 years successfully providing customers with clothing and accessories of 11 world-famous brands (including Michael Kors and Calvin Klein Jeans) in more than a hundred of its own retail stores located in Russia, Ukraine and Kazakhstan.

 


Previously, the financial service BNS Group used MS Excel and Prophix software for budgeting. Collecting and consolidating budgets required a lot of time, there was no possibility to carry out complex budget calculations and scenario analysis in real time due to the large number of disparate tables. The management of the group decided to improve the efficiency of financial planning by simplifying the process of budget collection, increasing data transparency and the possibility of modeling and analyzing data in real time.


As a result of a thorough market research in search of a tool to solve these problems, the Anaplan platform was chosen, which occupies a leading position in the class of cloud solutions for financial planning and analysis according to the Gartner Magic Quadrant™ report for 2018. Anaplan provides a single environment for solving a variety of business planning tasks and allows business users to independently develop their models, create various scenarios and forecasts, and model online.

 


Comments Elena Shchegolkova, Head of the Internal Financial Reporting Department BNS Group: "It was important for us to find a solution that would speed up the financial planning process at times, provide ample opportunities for modeling situations, and also increase the level of planning detail by fast processing and calculation of an ever-increasing amount of data. The Anaplan platform perfectly meets these needs."


Comments Anna Moreido, Head of the Management Accounting Sector BNS Group: "We are glad that our implementation partner has become«KORUS Consulting. Thanks to the effective collaboration of our team with the integrator's specialists, the project is implemented in the shortest possible time and much of what previously seemed impossible to us is already provided by the Anaplan platform.

 


To implement the project, «KORUS Consulting» Group was invited, which is associated with BNS Group successful partnerships, and which has many years of experience in automating business processes in retail enterprises. In BNS Group, the competence center Anaplan was created, which will allow the customer to develop the system on their own in the future, without involving external consultants.


The project plans to integrate Anaplan with an existing ERP system based on Microsoft Dynamics NAV to download the fact and build plan/fact reports.


Comments Natalia Demina, Business Development Director of the CPM Department of the KORUS Consulting Group: : "The active position of BNS Group employees at all levels and the key features of Anaplan enabled the customer to get the first results in a very short time. I am sure that the competence center will allow the company to use the main advantage of the platform to combine the results of various planning models in a single environment for making management decisions and create a real integrated business planning system in the company.

 

Photo: shutterstock

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