Case Study: Boston Scientific achieves a better budget process at a fraction of the cost with Workday Adaptive Planning

Boston Scientific retools budgeting and planning for less invasive process

Boston Scientific, a global medical device manufacturer, needed a better way to manage budgeting and planning after relying on IT to maintain a highly customized on-premise Hyperion system. The finance team lacked visibility into assumptions, struggled to make timely changes as business conditions shifted, and wanted a faster, more collaborative way to handle scenario planning. They chose Workday Adaptive Planning for financial planning and budgeting.

Workday Adaptive Planning helped Boston Scientific move budgeting control to finance, improve data visibility, and speed up scenario modeling and reporting. Implemented in just one month for 25 users, the solution cut 80 hours from the team’s budgeting effort, enabled finance to absorb work from two analysts, and delivered an annual ROI of 300% versus the on-premise system. Boston Scientific also expanded its use of Workday Adaptive Planning for SAP-based management reporting, what-if analysis, and long-range planning.

Boston Scientific

Mark Powers

Sr. Finance Manager