Nav Level 1 - Customer Success

Enhanced Planning Process Sets Ski Retailer on Upward Slope

Accessible, Accurate Data Leads to Stronger Financial Models, Scenario Planning

  • Retailer evo sells gear for hitting the slopes, but when it came to Excel, the mid-size company kept hitting the ceiling. Financial modeling, collaborations, and robust planning in Excel spreadsheets proved cumbersome and tedious. The streamlined, web-based interface of Adaptive Planning enhanced the planning process, making it easy for employees without extensive financial experience to manage budgets, create what-if scenarios, and wield data for dynamic reporting. With a robust planning solution at its fingertips, evo started spending less time building plans and more time executing them.

    Challenges

    • Needed careful planning for continued growth
    • Required a decentralized budgeting process to increase efficiency and eliminate bottlenecks
    • Non-financial staff needed to be able to deliver robust planning and budgeting functionality

    Results

    • Increased accuracy and integrity of the company’s financial model
    • Decentralized budgeting process
    • Managers enabled to create what-if scenarios for on-the-fly planning
  • About:

    evo was born when skier Bryce Phillips, who needed a way to fund his budding career, began to sell winter sports apparel and equipment out of his dorm room. Phillips went on to ski professionally for K2 while his company took off, building a loyal customer base by offering good deals and excellent service online. In 2005, evo opened its first store in Seattle, the site of the company’s headquarters. Previously known for selling closeout products, evo is now transitioning towards offering higher-quality merchandise. With 40 employees, evo is dedicated to such core values as balanced ambition, authenticity, respect, leadership, credibility, and communication.

    Location:
    Seattle, WA
    Industry:
    Retail