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The Greenfield Group

Greenfield

Manufacturing

Challenges

  • Managing three separate and unique businesses on Excel spreadsheets across 7 statutory entities in a matrix organisation
  • Planning in multiple global currencies
  • Collaborating with budget owners during the annual budget process

Results

  • Implemented the solution in less than 8 weeks
  • Budget contributors can log-in and see only the information relevant to them
  • Saved tremendous time previously spent consolidating information and error checking

“I genuinely don’t know how we managed before we used Adaptive Planning. Adaptive Planning does what it says it does and I am happy to tell anyone still using Excel spreadsheets about a new solution that will save them time and make the planning process much more focused.”
—Simon Nichol, Finance Director

The Greenfield Group’s Finance team benefits from greater automation helping save time and reducing manual intervention

 

Introduction

The Greenfield Group Limited is a wholly-owned enterprise based in the UK. The Greenfield Group Limited comprises Elmac Technologies, the global flame arrester specialists; KnitMesh Technologies, world leaders in the manufacture and marketing of knitted mesh components; and La Cafetière, the hot drinks specialists who have established an international café culture brand in Europe and North America. With annual revenue of £20 million, The Greenfield Group Limited has more than 200 employees and oversees operations in the UK, the Netherlands, the USA, South Africa and China.

The Challenge

Managing three separate and unique businesses on Excel spreadsheets increasingly became more difficult for the finance team. As the company became more complex through acquisitions, keeping all the formulas and links accurate became nearly impossible. Due to the global nature of the business, the organisation operates using four different currencies, the British pound, the US dollar, the South African rand, and the euro in The Netherlands.

“The entire planning process required too much manual intervention,” recalls Simon Nichol, Finance Director, The Greenfield Group. “I had been looking at budgeting software, but many of the applications were incredibly expensive.”

The Solution

Clear Plan, a leading partner of Adaptive Insights in the UK, contacted The Greenfield Group and provided information about a more affordable alternative to the expensive on-premise software applications. The key features that stood out were the ability to easily add or remove business units or subsidiaries, the flexibility of the solution, the multi-currency capabilities and the depreciation function for fixed assets.

“Adaptive Planning stood out because we could implement it quickly, it was affordable and the functionality had a lot of depth to meet our organisational planning needs,”
says Nichol. “Based on the demonstration and talking with the implementation partner, Clear Plan, we were convinced that this was a great product that we should try.”

“I genuinely don’t know how we managed before we used Adaptive Planning. Adaptive Planning does what it says it does and I am happy to tell anyone still using Excel spreadsheets about a new solution that will save them time and make the planning process much more focused.”
—Simon Nichol, Finance Director

The Results

Working with Clear Plan, The Greenfield Group was up and running in less than 8 weeks. Now the finance team can see where people are in their budgets. In addition,
other budget contributors can log-in and see only the information relevant to them based on pre-set security permissions.

Adaptive Planning has saved the finance team a tremendous amount of time previously spent consolidating data and making adjustments to the data in Excel. That time is
now spent conducting what-if analysis and reviewing strategic opportunities for the organisation.

“Adaptive Planning costs a fraction of what other solutions with comparable features and functionality cost,” states Nichol. “Pound for pound it is the best value system I
have seen.”