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Challenge.

For years, Hagerty endured cumbersome, spreadsheet-dominated budgeting and reporting processes. The company wanted better forecasting and analytical capabilities.

Solution.

Hagerty can now automate the process of importing financial actuals into Â鶹´«Ã½ Adaptive Planning, saving time and providing a unified and trusted view of data across the organization. This allows staff to plan better, budget faster, and forecast more strategically.?

Benefits and results.

FP&A¡¯s new fuel: consolidated real-time data.

Hagerty¡¯s financial plan is an automated roll-up of real-time actuals from its Â鶹´«Ã½ Financial Management system and better reflects the company¡¯s situation. This frees the financial planning and analysis (FP&A) team from time-consuming data prep so they can focus on value-added work.?

Better visibility of the road ahead.

Data unified from Hagerty¡¯s financials, HR, and many diverse enterprises enables the FP&A team to deliver more flexible, relevant, and trusted reporting and analysis to management and business users so they can make more informed decisions about steering the business forward.

On-ramp to a bright future.

Previously disconnected planning processes are now linked in one easy-to-use system that covers revenue and expense planning, personnel and wage models, and more. What-if scenarios help Hagerty assess new acquisitions, different revenue models, and foreign exchange rates.