Centage Case Studies Scenario Planning Indentifies Risks & Rewards

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	Scenario Planning Indentifies Risks & Rewards Centage

Scenario Planning Indentifies Risks & Rewards

Centage

Technology Category	Analytics & Modeling - Predictive Analytics Platform as a Service (PaaS) - Data Management Platforms
Applicable Industries	Software
Applicable Functions	Business Operation Procurement
Use Cases	Predictive Replenishment Supply Chain Visibility
Services	Cloud Planning, Design & Implementation Services
Challenge	ClearTrack Information Network, a supply chain software and services company, was facing challenges in managing its financial health due to the limitations of traditional Excel spreadsheets and basic accounting software. The company's financial executive, Traci Triplett, was relying on these outdated systems to manage ClearTrack’s financial health. However, these systems were creating time-consuming errors and redundancies that the small business could not afford. Understanding cash flow was critical to the company’s success, yet the limitations of the current system were hindering this understanding. With a lean financial team, Triplett needed a more efficient way to budget and forecast. She conducted an industry-wide search to find an automated system that would best meet her needs. Read More
About Customer	ClearTrack Information Network is a supply chain software and services company that enables the collaboration and management of global intercompany trade and logistics processes. The company empowers retail, distribution, and manufacturing companies to better manage global sourcing and direct importing activities. Offering cloud-based supply chain software across 20,000 vendors and 26,000 factories in 55 countries, ClearTrack enables customers to reduce costs, accelerate order flow, and improve partner performance. The company is based in Brentwood, TN and has 50 employees. Read More
Solution	After reviewing a number of options, Triplett invested in Centage to automate the budgeting and forecasting process for her growing organization. Centage’s solution seamlessly scales to handle biweekly cash flow and provides accurate insight into personnel expenses, which is the largest expense for many companies. The ability to quickly and seamlessly customize reports has also been invaluable as Triplett works to effectively communicate the financial health of the organization to key stakeholders throughout the organization. These reports are now used for regular monthly and quarterly financial reporting across the organization. By relying on Centage, Triplett and her team have saved nearly seven days of work, freeing her to focus on more strategic initiatives to support the ongoing success of the organization. Read More Log in to view content
Contents

Technology Category

Analytics & Modeling - Predictive Analytics

Platform as a Service (PaaS) - Data Management Platforms

Applicable Industries

Software

Applicable Functions

Business Operation

Procurement

Use Cases

Predictive Replenishment

Supply Chain Visibility

Services

Cloud Planning, Design & Implementation Services

Challenge

ClearTrack Information Network, a supply chain software and services company, was facing challenges in managing its financial health due to the limitations of traditional Excel spreadsheets and basic accounting software. The company's financial executive, Traci Triplett, was relying on these outdated systems to manage ClearTrack’s financial health. However, these systems were creating time-consuming errors and redundancies that the small business could not afford. Understanding cash flow was critical to the company’s success, yet the limitations of the current system were hindering this understanding. With a lean financial team, Triplett needed a more efficient way to budget and forecast. She conducted an industry-wide search to find an automated system that would best meet her needs.

About Customer

ClearTrack Information Network is a supply chain software and services company that enables the collaboration and management of global intercompany trade and logistics processes. The company empowers retail, distribution, and manufacturing companies to better manage global sourcing and direct importing activities. Offering cloud-based supply chain software across 20,000 vendors and 26,000 factories in 55 countries, ClearTrack enables customers to reduce costs, accelerate order flow, and improve partner performance. The company is based in Brentwood, TN and has 50 employees.

Solution

After reviewing a number of options, Triplett invested in Centage to automate the budgeting and forecasting process for her growing organization. Centage’s solution seamlessly scales to handle biweekly cash flow and provides accurate insight into personnel expenses, which is the largest expense for many companies. The ability to quickly and seamlessly customize reports has also been invaluable as Triplett works to effectively communicate the financial health of the organization to key stakeholders throughout the organization. These reports are now used for regular monthly and quarterly financial reporting across the organization. By relying on Centage, Triplett and her team have saved nearly seven days of work, freeing her to focus on more strategic initiatives to support the ongoing success of the organization.

Impact #1	The implementation of Centage’s solution has allowed ClearTrack to handle biweekly cash flow and provide accurate insight into personnel expenses.
Impact #2	The ability to quickly and seamlessly customize reports has improved communication of the financial health of the organization to key stakeholders.
Impact #3	The use of Centage for regular monthly and quarterly financial reporting across the organization has saved nearly seven days of work, allowing the team to focus on more strategic initiatives.

Impact #1

The implementation of Centage’s solution has allowed ClearTrack to handle biweekly cash flow and provide accurate insight into personnel expenses.

Impact #2

The ability to quickly and seamlessly customize reports has improved communication of the financial health of the organization to key stakeholders.

Impact #3

The use of Centage for regular monthly and quarterly financial reporting across the organization has saved nearly seven days of work, allowing the team to focus on more strategic initiatives.

Benefit #1	Saved nearly seven days of work during the quarterly reporting process.
Benefit #2	Improved accuracy in forecasting monthly cash flow.
Benefit #3	Enhanced ability to communicate financial health to stakeholders through customized reports.

Benefit #1

Saved nearly seven days of work during the quarterly reporting process.

Benefit #2

Improved accuracy in forecasting monthly cash flow.

Benefit #3

Enhanced ability to communicate financial health to stakeholders through customized reports.

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Overview

Scenario Planning Indentifies Risks & Rewards

Operational Impact

Quantitative Benefit