Pension service provider | Revenue 300 mln | 4,4 million pensions | 1450 fte
Situation The Executive Committee requested a faster budgeting process, at a moment where staff resources were lower than normal. Also, there was a need for more detail in the numbers. The financial models that Conance built also needed to be usable as input for negotiations with a large client.
Besides these, the company also was in need for a more thorough, frequent forecasting process.
Role and actions Conance was co-lead in the budgeting process and was a member of the deal team responsible for negotiations with a large client. The financial calculation models were subsequently used as a baseline for the budgets for next year, and as a tool to monitor margin development during these processes.
Besides this, Conance redesigned the periodic forecasting process and built and maintained the technical side of the forecasting processes (Excel templates and consolidation tool).
Results Thanks to successfully filling this position, insights in the budget have increased and the negotiations with a large client resulted in a good deal.
Also, the budgeting process has been completed much faster than usual. The better forecasting process helped management to signal upon delta’s earlier and make better management decisions. This helped improve PGGM’s financial result.