A major publisher in South East Asia wanted to replace its legacy budgeting, planning and forecasting system that no longer met its business needs. It wanted a new budgeting, planning and forecasting solution that would span all its business segments—newspapers, magazines, new media and property management.
Accenture helped by starting the project with an evaluation of the publisher’s budgeting, planning and forecasting environment, before proposing a multiyear road map that would build on the client’s existing technology investments. During the implementation phase, Accenture helped the publisher roll out a driver-based budgeting system and secure user acceptance of the new platform.
The project, which took a year to complete, will enable the publisher to immediately realize budgeting efficiencies by reducing its budget cycle time. The solution will also help to equip the organization with enhanced planning and budgeting capabilities through the introduction of scenario planning and driver-based simulation.
The publisher’s existing budgeting, planning and forecasting system, Hyperion Pillar, had reached the end of its life cycle—unable to support the organization’s changing business requirements. The publisher wanted a new budgeting, planning and forecasting solution—including software and services—to improve its budgeting, planning and forecasting capabilities, and align its financial and operational targets.
The new solution would need to cover all of the publisher’s media segments—newspapers, magazines, new media and property management—which together comprise more than 40 driver-based planning models.
The publisher chose Accenture based on a successful 10-year relationship spanning a number of areas of its business.
Accenture helped the publisher by:
Initiating an eight-week assessment phase to identify the issues impacting the efficiency and effectiveness of its budgeting, planning and forecasting process. This helped the publisher understand what it would need to do to align itself with leading practices, and laid the requirements for a new solution following a robust software evaluation.
Mapping out a multiyear enterprise performance management capability journey to be enabled by a solution built on the organization’s existing IBM Cognos TM1 investment.
Implementing, in a phased manner, a driver-focus budgeting system spanning all its media segments. There was a heavy focus on user
engagement throughout the implementation, which helped ensure end users were familiar with the system and took ownership of it. Training, workshops and process dry runs were used to prepare users for the solution when it went live.
Our solution met all of the client’s business and technical needs, while mitigating risks and minimizing business disruptions. It leveraged a wide range of Accenture tools and methodologies, including the budgeting, planning and forecasting diagnostic tools and process excellence framework, the industry value driver trees, and the delivery methods for advanced enterprise performance management solutions.
An Accenture team with extensive experience in the media industry, enterprise performance management and budgeting, planning and forecasting worked closely with a Cognos TM1 business partner and a client team to design and implement the solution. Proof-of-concept sessions during the design phase, demonstrations during the build phase, and extensive user acceptance testing all helped to ensure users adopted the system.
The project has equipped the publisher with an enterprise performance management solution that will strengthen its ability to realize budgeting efficiencies immediately by reducing its budget cycle time.
The introduction of scenario and driver-based planning capabilities will enable the organization to improve the effectiveness of its long-term budgeting process, particularly with respect to its decision-making in volatile periods.