Calsonic Kansei - Drastic Improvement in FP&A Planning Time and Forecast Accuracy with Anaplan

company overview

Now part of Magneti Marelli CK Holdings Co., Calsonic Kansei operates a global network across the world by having its global headquarters in Japan and its management operation in the Americas, Europe, China and Asia. In addition, there are development operations in Japan, United States, Mexico, UK, France, China, Thailand and India, and about 80 sites throughout the world, from which products can be supplied to all customers in an optimal manner. More than 20,000 employees of the company are striving to provide appealing products to customers with great teamwork across national boundaries. Calsonic Kansei has recently merged with Magneti Marelli to form a $16B organization becoming one of the world's largest tier one automotive parts suppliers.

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The Challenge

Calsonic Kansei was conducting their entire financial planning process in Excel spreadsheets.  The lack of scalability in Excel hindered their ability to produce an accurate financial plan in a timely manner.  Furthermore, the sales forecasting process was complex and difficult to derive at a top line revenue plan given the information they were provided from OEM, aftermarket and parts manufacturers.

The Results

Calsonic was able to increase forecast accuracy by 5% across their revenue and projected spend. As a company the planning cycle time was reduced from one month to 3 business days with streamlined data integration, reporting and real time scenario planning. Monthly reconciliation of the budgets were automated and rebalancing assets became efficient.

The Solution

Accelytics helped Calsonic optimize their business process for their entire planning budgeting and forecasting process that drives their P&L and financial statement analysis. Anaplan was selected as the tool of choice to streamline data from a homegrown ERP while enabling planning capabilities across multiple dimensions for several different business silos.

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