Canada Goose - Reduced Planning Cycle Time and FP&A Accuracy with Anaplan

company overview

Canada Goose is a Canadian holding company of winter clothing manufacturers headquartered in Toronto, Canada. Canada Goose manufacturers their winter clothing through various channels that include retail stores, wholesale, and e-commerce. Today, Canada Goose has 2,700 employees globally and generates close $500M in revenue.

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The Challenge

Canada Goose implemented a system called Anaplan to drive their Financial Planning and Analysis process. The output of the Anaplan implementation was not optimized for Canada Goose's FP&A process which drive down user adoption and eventually forced their team to migrate to Microsoft Access for FP&A planning.

The Results

Accelytics helped Canada Goose improve forecast accuracy for revenue planning by 4%. Planners could more efficiently reallocate funds across their general ledger accounts and run scenarios in real time to see the impact to the balance sheet and cashflows. As a result, Canada Goose's planning cycle time was reduced by 60%.  

The Solution

Accelytics helped Canada Goose create a solution that is a true enabler to their business process. Accelytics Business Process Optimization Team designed a full Planning Budgeting and Forecasting (FP&A) process focused on: Profit and Loss Management (P&L), Operating Expenditure Planning (OpEx), Capital Expenditure Planning (CapEx), Workforce Planning, Balance Sheet and Cashflow Planning. Once the business process was defined, Accelytics helped Canada Goose rebuild an Anaplan solution to enable the Planning, Budgeting and Forecasting process.

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