Case Study: VEIC streamlines budgeting and forecasting with Strada and Workday Adaptive Planning

VEIC streamlining the budget process with Workday Adaptive Planning

VEIC, a sustainable energy company, faced challenges with its complex and unsustainable Excel-based monthly forecasting process. Their bottom-up budgeting approach involved numerous stakeholders, necessitating a centralized solution. To address this, VEIC partnered with Strada to implement Workday Adaptive Planning.

With Strada's expertise, VEIC deployed Workday Adaptive Planning, creating a central, cloud-based hub for budgeting that improved accuracy and flexibility. The results included a significant increase in financial literacy and collaboration, more robust scenario modeling, and better decision-making for leadership. Strada's solution cut several days out of the monthly reporting and annual budgeting processes, with financial results packets now produced in hours instead of days.

VEIC