Case Study: 24 Hour Fitness achieves faster, more accurate planning, budgeting, and forecasting with insightsoftware's Longview Plan

Longview Plan Improves Fitness Company's Planning, Budgeting, and Forecasting

24 Hour Fitness, the world’s largest privately owned fitness-center chain with more than 400 clubs and $1.5B in annual revenue, struggled with detailed planning, budgeting, and forecasting because their Oracle PeopleSoft system plus Excel could not handle club-level and job-category-level granularity. To address slow, error-prone reporting and inconsistent numbers between Accounting and FP&A, they selected insightsoftware’s Longview Plan as their planning, budgeting, and forecasting solution.

insightsoftware implemented Longview Plan as an out-of-the-box planning module that integrated with PeopleSoft, enabled click-and-drag analysis, scenario modeling, and automatic budget push-down across all clubs. As a result, FP&A now generates P&Ls, roll-ups, and what-if forecasts much more quickly and accurately—responding to senior-management requests in minutes (or hours instead of two–three days), producing consistent, detailed forecasts, and shifting the team from number-providers to strategic partners.

24 Hour Fitness

Mike Pantano

Senior Director, Financial Planning & Analysis (FP&A) and Treasury