In today’s fast-paced business environment, adapting quickly to organisational changes and integrating seamlessly with parent companies is crucial. Recently, GK Horizons had the privilege of partnering with BIC Services. As a leading provider of integrated cleaning services in Australia, BIC Services sought to revolutionise their planning and reporting processes. This project utilises our Jump Start implementation of Workday Adaptive Planning. It aims to showcase the power of strategic financial planning and process automation.
The Challenge
Bidvest, a South African-based conglomerate and longstanding Adaptive Planning client, recently acquired Consolidated Property Services Australia who owns BIC Services. As a result of their acquisition, BIC Services faced a challenge. They needed to align their structure and reporting to meet the expectations of their new parent company. With Bidvest’s robust reporting requirements and commitment to accurate, timely financial insights, BIC needed a solid foundation for their financial planning and reporting transformation.
The Solution: GK Horizons’ Jump Start Implementation
Enter “Jump Start” – GK Horizons’ Workday Adaptive Planning Implementation. Jump Start provides organisations with a quick start to their FP&A transformation, offering pre-built templates, integrated 3-way actuals financial reporting and analysis solutions, tailored to the client’s GL account and organisational structure. Organisations can own their own implementation using their internal resources, with GK Horizons’ support.
The Target Outcomes
The implementation of GK Horizons’ Jump Start solution aims to deliver several significant benefits for BIC Services. By automating their planning and reporting processes, BIC aims to reduce the time spent on manual data entry and reconciliation. This will increase efficiency and allow their finance team to focus on more strategic tasks, such as financial analysis and decision-making.
The alignment of BIC’s organisational structure with Bidvest’s expectations is expected to facilitate a smoother integration. This will ensure that BIC can provide timely and accurate financial reports that meet the stringent requirements of their parent company. The automation of data integration from source systems will further enhance data accuracy and reliability. This will provide BIC with confidence that their financial data is always up-to-date and accurate.
Conclusion
At GK Horizons, we are committed to helping our clients achieve their financial planning and reporting goals through innovative solutions and expert implementation. Our partnership with BIC Services is a prime example of how our Jump Start implementation of Workday Adaptive Planning can drive significant improvements in efficiency, accuracy, and strategic financial management.
If you’re looking to transform your organisation’s financial planning and reporting processes, we invite you to explore how GK Horizons can help you achieve your goals. Together, we can build a foundation for your success in today’s dynamic business environment.
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About the Blogger – Rick Leatherman
Rick Leatherman, with over thirteen years of experience, specialises in strategic, financial, and operational planning across various sectors. He focuses on transforming businesses to thrive in a global economy by integrating smarter, more collaborative planning processes. Rick’s expertise helps companies become more efficient and innovate new values. Through his blogs, he shares insights on regulatory compliance, automation trends, sustainability, and financial integration, aiding professionals in enhancing their business management practices.
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