Case Study: Cleo achieves faster, more accurate financial planning with Workday Adaptive Planning

Cloud Planning helps Cleo Compete in a Crowded Subscription-based Software Market

The software company Cleo faced significant challenges in its finance department due to its reliance on outdated, manual spreadsheet processes for budgeting and forecasting. This approach was inefficient, error-prone, and made data inaccessible, requiring the finance team to spend long hours reconciling information and generating reports. To modernize its operations, Cleo turned to the vendor Workday Adaptive Planning.

By implementing Workday Adaptive Planning, Cleo automated its financial processes, eliminating the need for manual reconciliation and broken spreadsheets. The solution provided detailed and accessible data, allowing anyone in the organization to drill down into reports and investigate variances. As a result, the finance team was freed to provide strategic insights, and the controller expects to save eight to ten hours on reporting tasks.

Cleo

Asif Datoo

Controller