Intuitive Seamless Fit
Rucker began by implementing the Adaptive Insights Business Planning Cloud which was "a seamless fit" when it came to providing key financial information in the intuitive, sophisticated, and efficient way the team needed.
"We showed executives how the system worked and how easy it was for people across the company to update financial performance data within Adaptive Insights," Rucker said. "They quickly bought into the solution."
Adaptive Insights was so well-received that Rucker decided to add the Adaptive Insights analytics function. He also implemented Adaptive OfficeConnect that completely connected and automatically synched with Adaptive Insights data.
"We have multiple revenue streams modeled in Adaptive Insights, and they all have different drivers with various assumptions that are critical to our model," Rucker explained. "So real-time reporting with OfficeConnect is very valuable to us because we can give our CEO financial reports that clearly show where we currently stand and what our bottom line is across each revenue stream individually."
Operational Hub Weaves Company Data Together
Rucker's finance team has become the operational hub that weaves together all the important financial data within organization. Rather than proofing numbers within spreadsheets, Rucker now focuses more time on better understanding what the data is saying about the business and providing decision-making guidance to the executive team.
"Adaptive Insights has helped me evolve my role from pushing around numbers, to really breaking down data and providing analysis that leads to better decisions," he said.
Gaining a Competitive Advantage
Rucker has helped department leaders develop metrics and KPIs in Adaptive Insights that help teams better understand how they are tracking to specific goals. And if changes need to be made to plans or forecasts as a result of changing goals, those changes are all rolled-up to the highest level P/L reports so that executive decision-makers are continually armed with the most up-to-date reports.
"The ability to slice and dice information in Adaptive Insights and look at data in several different ways is incredibly helpful to us," Rucker said. "Combine that with data accuracy and continuous access to real-time performance metrics, and that's a significant competitive differentiator for our entire organization."