Case Study: Terumo Corporation enhances FP&A and faster management decisions with Workday Adaptive Planning

Terumo creates forecast P&L statements in 2 months with Workday

Terumo Corporation, a global medical device manufacturer, faced challenges in financial planning due to its rapid global expansion through M&A. With over 100 subsidiaries, 30 manufacturing sites, and 50,000 SKUs, their legacy systems struggled with the complexity, making it difficult to produce agile forecasts for quick management decisions. The finance team needed to strengthen FP&A and shift from a P&L-centric view to a comprehensive approach incorporating cash flow and balance sheets, leading them to seek a solution from Workday.

Terumo implemented Workday Adaptive Planning for its scalability and ability to handle large-scale data. The implementation was complemented by process improvements, including the introduction of a RACI matrix to clarify accountability. As a result, Workday enabled Terumo to create forecast P&L statements in just two months. The solution provides the agility to run monthly rolling forecasts across all SKUs, forming a centralized foundation for integrated business planning and more transparent, accurate management decisions.

Terumo Corporation