Case Study: Wagners cuts month-end close by 2 days with Planful

Wagners cuts month-end close by 2 days with Planful

Wagners, an ASX-listed Australian construction materials and services company, faced significant challenges due to its reliance on 18 different spreadsheets across its business units. This manual process created inconsistencies in reporting, difficulties in consolidating data, and a month-end close that stretched to five or six days. The finance team struggled with intercompany transactions and lacked visibility into key operational drivers, making forward-looking planning difficult. They sought a solution from vendor Planful to standardize their financial processes.

By implementing Planful, Wagners automated its consolidation and standardized budgeting and reporting across all divisions. The solution provided a unified platform for planning, real-time drill-down capabilities, and automated intercompany syncing. As a result, Wagners shortened its month-end close by two full days, eliminated four hours of manual consolidation work each month, and extended its forecasting horizon to 18-24 months. Planful delivered reliable data that increased leadership confidence and allowed the finance team to adopt a more strategic focus.

Wagners