Case Study: Lumag achieves faster FP&A and profitability analysis with Profit& and Anaplan

Lumag cuts variance analysis from one week to four hours with Profit&

Lumag, a manufacturer of automotive friction products, faced challenges with its slow and inconsistent spreadsheet-based financial processes. Operating in a competitive market, they needed real-time visibility and accurate profitability analytics to support rapid decision-making. They engaged the vendor Profit& to implement a solution using the Anaplan planning platform to address these issues.

Profit& developed an Anaplan solution for sales planning, cost allocation, and profitability analysis. This provided a single data source and automated key processes. The results were significant time savings, with variance analysis reporting reduced from one week to four hours and profitability analysis effort cut by over nine man-days per month. Lumag now enjoys greater accuracy and the powerful what-if scenario capability allows them to make optimal, data-driven business decisions quickly.

Lumag