Pandora transforms financial planning and improves collaboration with Anaplan

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My team continues to push more data and models into Anaplan. That's really great as it's usually a struggle to move off of Excel.

Jared Waterman, VP of FP&A


Challenge

With rapid growth, one of the biggest challenges Pandora’s team faced was bringing structure, infrastructure, and analysis to critical areas of the business. Pandora’s key challenge was to find a system that helped them today but also could scale with them into the future. This meant it was especially important to choose a flexible planning platform capable of keeping pace with the rapid change.

Solution

Pandora chose to create a business application landscape based entirely in the cloud and set out to find a new financial planning system that was easy to use, flexible, cloud-based, and open to exchanging data with other cloud solutions. This FP&A solution had to include long-range planning, monthly reporting, financial reports, and workforce planning all in one integrated workspace. The team ultimately selected the Anaplan platform and implementation was completed in just three months.



Results

With the Anaplan platform, Pandora now has collaboration on a single platform, enabling a new and more productive way to build models. True data transparency now exists at Pandora so everyone can see what others are doing and what their assumptions are. Deeper levels of cross-departmental collaboration have increased the speed at which models are developed and lead to a collective understanding of a model, rather than siloed knowledge.

Why Anaplan

From the very first demo of Anaplan, the team was impressed with the platform’s ease of use, flexibility, and Excel-like familiarity. The team was also keen on the level of support provided, including live support where any team member can call, email, or make use of the live chat functionality to receive immediate assistance. Lastly, Pandora truly believed that Anaplan understood the challenges it was facing and could marry them to the technology to deliver a best-in-class solution.