Case Study: Sanlam Investments streamlines budgeting and eliminates Excel errors with IDU Financial Budgeting

Sanlam cuts manual budget collation time with IDU's real-time SAP budgeting

Sanlam Investments, the investment arm of the Sanlam Group and one of South Africa's largest asset managers, faced a significant challenge with its entirely manual Excel budgeting process. Each cost centre submitted separate Excel files, requiring a financial manager to manually collate them into a master file, a cycle that bred errors and consumed immense administrative time. To overcome this, they implemented IDU's Financial Budgeting Module.

The solution from IDU was integrated with their SAP ERP system, creating a single, shared environment for all users. This provided real-time budget consolidation, eliminated spreadsheet errors, and allowed multiple users to enter data simultaneously. The implementation freed the finance team from administrative upkeep to focus on strategic analysis and gave cost centre heads continuous access to accurate data for tracking performance. IDU delivered a robust platform that substantially recovered time previously spent on manual collation.

Sanlam