Auction.com Chooses Anaplan to Streamline FP&A Processes
The nation’s leading online real estate marketplace increases efficiencies using Anaplan as its planning cloud
Auction.com, the nation’s leading online real estate marketplace, has implemented Anaplan to enhance its key financial planning and analysis (FP&A) processes. Using the Anaplan platform, members of Auction.com’s finance department now have one-click access to data, enabling them to deliver accurate, real-time forecasts.
“We needed a new planning solution, and I knew we wanted a cloud-based system,” said David Osborn, Auction.com’s vice president of FP&A. “We narrowed our search to Anaplan because the reference calls were great, and we quickly realized that Anaplan’s agile, in-memory platform would deliver the flexibility we required to build complex financial models for our business that link to our operational data.”
Osborn launched Anaplan to his FP&A group in August 2014 and quickly rebuilt 100 percent of its income statement (P&L) forecast. A month later, Auction.com expanded the use of Anaplan to more than 20 managers and analysts across the company’s two main business lines, so that they too could leverage the time-saving advantages and reduced complexity enabled by the platform.
With Anaplan’s user-friendly platform built for planning across Sales, Finance and Operations, Auction.com has been able to quickly streamline a data-intensive financial planning process. The company’s finance team can now rapidly respond to changing market dynamics and deliver immediate business value through revenue modeling and expense forecasting built for deep data granularity. With Anaplan, Auction.com’s management and analytics groups are able to save multiple days of work per financial cycle to complete core financial planning processes.
“Using Anaplan, we can seamlessly integrate our financial data with our in-house operational data system and HR systems to conduct dashboarding on a real-time basis and quickly compile all of this information into a complete financial picture,” Osborn said.
“Auction.com now has the freedom to plan and budget in real-time at any level of detail,” said Fred Laluyaux, Anaplan CEO. “They can now easily roll up results in different ways and update business rules, alerts, and controls without reliance on IT or other outside expertise. We look forward to working with them to further extend their use of our planning cloud to new areas of their business.”
Marketing Communications Manager, Anaplan
Auction.com, LLC, is the nation’s leading online real estate marketplace. Founded in 2007, the company has sold over $26 billion in residential and commercial real estate assets. Auction.com has over 900 employees and headquarters in Irvine and Silicon Valley, California as well as offices in Austin and Plano, Texas, Atlanta, Denver, New York and Miami. Visit www.auction.com for more information.
Anaplan is the planning cloud for Sales, Operations, Finance, and HR. We built our platform from the ground up to empower you to plan, collaborate, and act—in real-time. Anaplan enables you to deploy easy-to-use applications to solve complex planning challenges across your organization. Stay ahead of critical business events, rapidly model potential impacts, and course correct on the fly. Anaplan is a privately held company, headquartered in San Francisco, CA with global offices on four continents. To learn more, visit anaplan.com. Join us on twitter: @anaplan