Case Study: Sandy Spring Bank achieves a 43% reduction in annual strategic planning and budgeting cycles with insightsoftware's Longview

Commercial Banking Business Reduces Annual Strategic Planning and Budgeting Process Cycles by 43%

Sandy Spring Bank, an independent community commercial bank operating 43 offices across Maryland and Virginia, faced labor-intensive SAP BusinessObjects Planning and Excel-based strategic planning, budgeting, consolidation, and reporting processes with limited forecasting and "what-if" capabilities amid growing regulatory and profitability reporting demands. The bank engaged insightsoftware to modernize its finance processes using the Longview planning, consolidation and tax solution.

insightsoftware delivered Longview modules plus design, development and deployment advisory services, creating role-based web dashboards, a centralized "one version of the truth" reporting environment, and decentralized variance analysis with rolling forecasts. The implementation streamlined close and reporting, improved loan forecasting and performance analysis, and increased management confidence—reducing annual strategic planning and budgeting cycles by 43% and enabling extended rolling forecasts.

Sandy Spring Bank