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Fueling fast scenario generation at Woodside Energy

Global energy company accelerates financial scenario creation and analysis, empowering teams and increasing effectiveness

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  • Solutions

    Finance

  • Industry

    Energy

  • Platform capability

    Security & Administration

As a global energy company based in Australia, Woodside Energy constantly evaluates new financial assumptions to navigate changing markets. With legacy technologies, “what-if” scenario creation took about two days. Replacing multiple financial systems and centralizing data with the Anaplan platform cut that time to less than an hour. Because Woodside’s financial data is now centrally managed and reliable, human error is reduced, the finance team is empowered, and the business is more effective.


Before Anaplan, to create one what-if scenario took us about two days. Now, with Anaplan, we can produce the same result in less than an hour.
Nataliia Gorovoi, Financial Modelling System Lead, Woodside Energy

16x

faster scenario creation enables rapid analysis of new assumptions

Multiple

legacy systems replaced with the Anaplan platform

Less

risk of error because financial data resides on an integrated platform


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Nataliia Gorovoi, Woodside Energy: Woodside Energy is today the largest Australian energy company with the operations and business all over the world.

We use Anaplan mainly in finance function, but also we have some modules built for climate and carbon team, as well as corporate valuation and commercial team.

Quite often we receive a request from executive teams to provide some financial insights based on new assumptions, and we have to react to those requests very quickly. With the previous platform, the main pain point for us was performance and calculation time.

With Anaplan, we found a boost in performance significantly. Before Anaplan, to create one what-if scenario, it took us about two days. Now with Anaplan, we can produce the same result, less than an hour.

With Anaplan, we replaced multiple legacy systems. With an integrated Anaplan platform, we have now more reliable, centrally managed data. We now eliminate the number of human errors and the reconciliation points. We have one single source of truth.

In the finance team, users are more capable, responsible, and reliable on their own data. They are less dependent on other teams, which makes our day-to-day routine and the business as usual more effective.

I'm Nataliia Gorovoi, Financial Modelling System Lead at Woodside Energy, and we plan with Anaplan.