BlaBlaCar scales financial forecasting in lockstep with hyper-growth

Services

Industry

60 million

Users

Finance

Use case

Challenge

BlaBlaCar is a world leader in ride sharing, connecting drivers and passengers looking to carpool and share the cost of the journey. As a small company of 30 people, using Excel® for its financial planning was a manageable process. However, when BlaBlaCar entered a phase of hyper-growth, its reliance on spreadsheets made it increasingly difficult to collaborate and plan effectively across the company.

Solution

The company’s hyper-growth presented the finance team with challenges that were no longer supported or scalable within a spreadsheet-driven environment. Looking for a solution to scale with its business, BlaBlaCar implemented the Anaplan platform to automate processes and project scenarios quickly and accurately.

Results

With the Anaplan platform, the finance team at BlaBlaCar has improved its financial forecasting, planning, and analysis. Anaplan’s cloud-based technology has enabled more than 20 key stakeholders to collaborate on one platform and reduced the time that the team previously spent building assumptions and providing more agility and better-developed business strategies.

Why Anaplan

For BlaBlaCar, the Anaplan platform scaled with the company as it expanded in 22 countries with 60 million members and grew from 30 to 500+ employees. With different departments-including finance, business intelligence, country managers, and marketing-actively involved in business planning and working simultaneously in the Anaplan platform, it has proven to be a quicker and more collaborative way to work together.

Members of the BlaBlaCar team discuss how the Anaplan platform has given them the ability to create detailed forecasting and translate business simulations into actual financials.

Sebastien Preel: I am Sebastien Preel. I am the CFO of BlaBlaCar. BlaBlaCar is a world leader in ride sharing.

When BlaBlaCar was a small French start-up three years ago, Excel was enough: we were only 30 people in three countries. But when BlaBlaCar entered into a phase of high growth, the finance team faced new challenges.

Anaplan turned out to be a solution that scaled with us as we expanded in 22 countries with 30 million members and to a team of 500 people.

David Grimbert: We used to work with a lot of different Excel spreadsheets, and it was very difficult to collaborate with everybody in the company. But with Anaplan, we can project many different future scenarios quickly and rapidly.

We are now able to do super-detailed forecasting, financial planning, and analysis.

Theiss Boudec: What’s good about Anaplan is the more you use it, the better you are at it. So now it would take a lot of time to try and convince me to switch back to the cumbersome Excel files that I had before.

David Grimbert: We use Anaplan to translate business simulations into actual financials.

Theiss Boudec: With Anaplan, it’s much easier to collaborate, so lots of teams are involved in that process-the finance team, the business intelligence team, all the country teams, the marketing teams-so it’s a very long process. And by working all at the same time on the same tool, it really helps converge quickly to an end-version of the financial forecast.

Now with Anaplan, we managed to reduce our time spent on building our assumptions by a lot, so Anaplan has brought us the agility to work around our assumptions and to craft our business strategy. It also helps with maintenance, and we have much more automated processes to come up with our financial reporting and business reporting, so it helps a lot with that as well.

Sebastien Preel: With everything in the Anaplan cloud, we are able to collaborate over 20 key stakeholders at the same time.

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