Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Top Stories

ADAPTIVE INSIGHTS EMPOWERS PRICE BAILEY TO BETTER MANAGE ITS BUSINESS WITH ACTIVE PLANNING

ADAPTIVE INSIGHTS EMPOWERS PRICE BAILEY TO BETTER MANAGE ITS BUSINESS WITH ACTIVE PLANNING

Accountancy firm’s finance team becomes trusted business advisor with collaborative FP&A system

Adaptive Insights, the only pure-play cloud vendor to be named a leader in strategic corporate performance management (CPM), today announced the deployment of the Adaptive Suite with leading United Kingdom accountancy firm, Price Bailey. By deploying an active planning process based on the Adaptive Suite, Price Bailey’s finance team was able to assume a greater strategic role in the company, providing the same level of insight and guidance the company delivers to customers for its own business. Committed to a collaborative and continuous financial process, Price Bailey moved its finances to the cloud-based Adaptive Suite to achieve a holistic view of its corporate performance.

“At Price Bailey, our focus is on delivering predictable excellence and advice in money management to our clients, and we needed the same level of insight and visibility for our own finance team,” said Jamie Gladstone, operational director of finance at Price Bailey. “With the Adaptive Suite, our finance team now has a comprehensive view of our entire organisation. As a result, we are relied on for our insight, often putting us in a consultative role when approaching new ventures or when the business comes to a cross road. Our team is trusted to quickly provide the data and analysis driving business-critical decisions.”

Price Bailey chose the Adaptive Suite to replace an error-prone, spreadsheet-based planning and budgeting system. Moreover, as a company that generates revenue through its expertise, it was essential that chargeable time could be represented on the profit and loss account and the finance team also required a better way of forecasting. The Adaptive Suite ensured that time-based fees could easily be used as an indicator of Price Bailey’s financial health; forecasting on a six-month basis was realised, with the capability for rolling forecasts; and 12 interconnected entities and additional sub groups were consolidated into a single version of the truth, providing a comprehensive view of the company.

“We’re committed to understanding the individual pain points and business goals of our customers,” said Rob Douglas, vice president for the United Kingdom and Ireland, Adaptive Insights. “For Price Bailey, this meant delivering an FP&A solution that was completely aligned with their business requirements. In an organisation that had a broad number of services and business groups, we facilitated an easy-to-use, collaborative budgeting system that comprehensively worked across the whole company, minimising mistakes, and making the best use of metrics that impact Price Bailey’s bottom line–most notably time.”

For more information on how Price Bailey implemented the Adaptive Suite, read the case study.

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post