ClubCorp standardizes planning process and enables a 4-week, driver-based rolling forecast
“We experienced a dramatic reduction in the time required to complete our budgeting process by working with Akili to implement driver-based planning to measure and manage our planning and forecasting efforts based on key performance indicators.”
Kevin Kohutek, Vice President, Financial Planning & Analysis, ClubCorp
CHALLENGES AND OPPORTUNITIES
- Complex, inconsistent, and time-consuming planning process
- Each club had its own business processes and planning templates
- Corporate consolidated templates, added corporate overhead, and then sent out to clubs again for changes/adjustments
- Finance and IT wanted to move off dated legacy Hyperion Planning and Essbase technology
OBJECTIVES
- Deploy a standardized and centralized solution for all corporate planning, budgeting, and forecasting
- Enable a driver-based, rolling forecast
- Standardize reporting
- Provide increased visibility into financial performance for new owner, KSL Capital Partners
IMPLEMENTATION HIGHLIGHTS
- Finished phase I of implementation (Financial Planning) in 16 weeks with 2.5 resources
- Additional applications included Capital Expenditures, Workforce Planning, Membership, and Revenue Planning
WHY AKILI/SAP
- Unified application
- Native MS Office interface – ease of use
- Total cost of Ownership
BENEFITS
- Consistent planning process
- Dramatic reduction in time required to complete budgeting process
- Driver-based planning allows ClubCorp to measure and manage on key metrics
- 4 week rolling forecast allows clubs to respond to business change quicker
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