Mark Baillie, Head of Finance Systems for Marks & Spencer, wanted a quicker and higher quality financial forecast.
For Marks & Spencer, accurate forecasting relies on sourcing data from multiple territories across the globe. Territory Managers require assistance and the process, on average, took well over six weeks to complete.
With Vena, workflows became clear, and the quality of the data increased while reducing the financial forecasting process to three weeks – a 50% reduction.
“With the international side of the business, we have a lot of factors such as Brexit and exchange rates. We need to be able to scenario a plan. Vena is key to enabling us to do that.“
Marks & Spencer's finance department is now a more credible team, taking a proactive approach to their business with scenario modeling.
Contact us to learn how to cut your forecasting time in half.