Client
Our client is a global professional service firm with businesses in insurance brokerage, risk management, reinsurance services, investment advisory, and management consulting.
Challenges
- On-premise application was used as a bottom-up approach to input the numbers manually, using offline excel templates.
- On-premise workforce application query performance was inadequate, and calculation for a given employee took a long time.
- Users were submitting Capex numbers using an offline excel template.
- Workforce planning by the department was done manually using an offline excel file.
LTM Solution
- 19 Planning Applications were optimized and migrated to nine Enterprise Performance Management (EPM) cloud applications by LTM
- Driver-based planning: Implemented Driver-based planning and forecasting to allow the regional planner to forecast numbers on parent members. Automation built for removal of manual intervention in correcting duplication of dimensions in HPCM applications
- LTM enabled two-year rolling forecasting through process automation
- Reduced consolidation and close cycle from three weeks to two weeks with advanced dashboard, automated task scheduler, and process management in EPM cloud
- Application Performance: All the member formula have been converted and rewritten in calc manager rules for the workforce module.
- Capex planning is now directly integrated with EBS Fixed Assets, eliminating manual effort
- Enabled integration with Workday (HCDM) to eliminate the manual effort
Business Benefits
- Improved metadata automation by 20%.
- Reduced the data storage issue and calculation time by optimizing storage from 250 GB to 20 GB.
- Improved data security through streamlined and encrypted integration models by 25%.
- Reduction of the workforce planning process from 180 mins to 15 min.
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