ProKarma, a global IT solutions company, has implemented Adaptive Planning to improve financial management across its worldwide operation.With over 1,400 employees spread across three continents, ProKarma began looking at opportunities to take advantage of new innovations in cloud computing to meet its growing operational needs.
Previously, managing the financial plan on Excel had become cumbersome and was not sufficient to scale as the business grew globally. Adaptive Planning’s cloud-based approach was a refreshing improvement over the static spreadsheets of the past. In addition to its existing implementation of Intacct, ProKarma expanded its relationship with Adaptive Planning to automate its financial management processes, including budgeting, forecasting, reporting and what-if analysis.
“Adaptive Planning’s integration with Intacct and its robust capabilities to handle multi-currency, separate entities, business structures and sales forecasting made it the right solution for us,” said Craig Stack, CFO, ProKarma. “We can now easily and effectively generate department level budgets, as well as sales forecasting and analysis by customer, product type and sales representative. The involvement of more people in the budget process is really transforming how we plan and execute.”
“We are pleased that we have been able to help ProKarma transform multiple business processes,” said Greg Schneider, VP Marketing, Adaptive Planning. “They provide a great example of how companies can create significant value by automating not just their financial planning and analysis, but also sales planning, forecasting and analysis.”