Zurich Australia Gains Deeper and More Accurate Insights into Business Performance
Zurich had been using spreadsheets for the budgeting, forecasting and planning process across 380 cost centres. Up to 180 managers were involved in the process. Considerable amounts of data needed to be manually consolidated during, and at the end of each budget process and review.
The company realised it had to standardise the budgeting processes, and streamline financial modelling. This would reduce inefficiency and allow the production of reports and scenarios within shorter timeframes, and with much greater accuracy and collaboration.
Zurich were looking for a scalable solution that would be easy to use, and provide more precise numbers each month, based on actual data.