Payzone UK, a payment acceptance network company, needed a more nimble reporting solution than spreadsheets, which were starting to “creak at the seams” with more frequent and complex tasks. PayZone UK’s financial management hit the ground running after implementing Adaptive Planning, part of the Adaptive Suite, with a certified Adaptive partner. The automation of monthly consolidations and rolling forecasts helped to reduce the planning process by 40%. With detailed reporting within minutes, Payzone UK can now spend more time on analyzing data for trends and growth.
- Spreadsheets became prone to error as the company grew
- Manual reporting in spreadsheets prevented nimble reporting
- Finance team absorbed in lengthy budget consolidations
- Reduced organization-wide financial planning process by 40%
- Monthly budgeting now automated process with rolling forecasts
- Elevated finance’s role within the business as a strategic partner critical to future growth