Case Study: DR. KADE Health Care achieves automated financial planning and rolling forecasts with Corporate Planning

DR. KADE Health Care cuts planning from three months to one person with Corporate Planning

DR. KADE Health Care, a pharmaceutical manufacturer, faced a challenge with its highly manual, Excel-based budgeting process. The method was time-consuming, taking three months of full-capacity work for the financial controllers, and was prone to errors, leaving little time for strategic tasks. To overhaul its corporate performance management, the company turned to the vendor Corporate Planning for its financial planning software.

Corporate Planning implemented its Corporate Planner solution, which automated the financial planning and forecasting process. This allowed 55 departmental experts to enter data directly into a browser-based interface, with the software automatically generating linked P&L, balance sheet, and cash flow statements. The results were significant: planning time was drastically reduced to a task manageable by just one person, data quality and transparency were greatly improved, and the financial controllers gained the freedom to focus on strategic, value-adding activities and driver-based analyses.

DR. KADE Health Care