Case Study: Ferraro Foods cuts close cycles by 55% with Planful

Ferraro Foods cuts close cycles by 55% with Planful

Ferraro Foods, a distributor servicing over 8,000 customers across 23 states, faced a slow and manual financial close and consolidation process. This spreadsheet-driven method, complicated by managing multiple subsidiaries, consumed up to two weeks each month and was prone to errors. To address this challenge, Ferraro Foods implemented the Planful Platform with assistance from implementation partner CFO Solutions.

The solution from Planful streamlined the close process and provided a single source of truth for financial data. As a result, Ferraro Foods cut its monthly close cycle time by 55%, reducing it to just four and a half days. Planful also enabled the company's small two-person FP&A team to efficiently manage the entire $1.2 billion organization and nearly 10 subsidiaries, supporting further growth without adding incremental headcount.

Ferraro Foods