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ANAPLAN FOR FINANCE GAINS MARKETPLACE TRACTION WORLDWIDE

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ANAPLAN FOR FINANCE GAINS MARKETPLACE TRACTION WORLDWIDE

Company announces new finance apps, and expands customer base across multiple verticals and regions while deepening existing customer relationships

Anaplan, the world’s leading planning and performance management platform, today announced double-digit increases in activations of the company’s Anaplan for Finance apps. Anaplan also reported major marketplace traction in its finance line of business, including new customer wins, new apps that close key planning and regulatory gaps within verticals, and the expansion of additional use cases with existing customers.

Anaplan for Finance will be showcased at the Association of Financial Professionals (AFP) annual conference in Orlando, FL, at booth #340 from October 23–26. Anaplan VP of Finance Emily Weig and and Finance Product Line Leader Meredith Hobik will deliver a presentation, “Expediting the Planning Cycle,” on October 25, at 2:00 p.m. ET.

Recent top-tier customer wins for Anaplan for Finance span multiple verticals and regions, and includes the addition of American Airlines and Echo Global Logistics. New customer wins worldwide signal global traction, including the addition of Indonesian retail chain Alfamart, French railroad organization SNCF, and Australian REIT Vicinity Centres.

“With Anaplan, we can operate with more agility, making changes on-the-fly without coding or getting in the queue for IT help,” said Whitney Bassett, Manager, Financial Planning and Reporting at CNL Financial Group, a private investment management firm providing real estate and alternative investments. “The finance team calculates plans for zero-based budgeting using Anaplan, which frees us from the manual processes required by Excel® and the confusing architecture of legacy systems.”

“Anaplan’s integrated approach makes it simple to incorporate changes,” said Jordan Kamhi, Senior Manager of FP&A at ServiceMax, a California-based field service management SaaS provider. “We replaced disconnected spreadsheets with an integrated solution from Anaplan that automatically updates the cash flow forecast, P&L, and balance sheet in real time, reducing our cycle times significantly. Now, we’re expanding into other functional areas.”

Working with partners like Accenture, Deloitte, and PwC to deliver robust capabilities on a single platform, Anaplan added 17 new finance apps to the existing offering of 140 apps, which are sourced from partners, customers, and Anaplan. As customers focus on increasing capabilities while extending the value of legacy systems, Anaplan apps can bridge regulatory gaps and support vital finance functions, linking to integrated financial statements that enable real-time decision-making. Popular finance apps available in the Anaplan App Hub include:

  • Airline Revenue Planning: Enables users to produce forecasts using industry-specific metrics, eliminating the need for spreadsheets to track revenue across countries, routes, and channels.
  • Account Reconciliation Automation: Addresses accounting rules, leveraging Anaplan’s partnership with PwC to enable users to bridge GAAP and IFRS accounting methodologies.
  • Scenario Planning: App from Deloitte that uses leading practices to enable users to perform real-time “what-if” scenario analyses based on key financial and operational drivers.
  • Zero-Based Budgeting: App from Accenture that, combined with Anaplan’s closed-loop methodology, gives customers deep visibility into unproductive expenses.

“Customers are excited that Anaplan can handle complex modeling use cases that on-premise planning solutions can’t,” added Anaplan Finance Product Line Leader Meredith Hobik. “We’re seeing impressive net new logos across regions and verticals, and current finance customers are going deeper with how they leverage Anaplan beyond basic planning, budgeting, and forecasting—they’re now using Anaplan solutions for more complex functions.”

Anaplan for Finance allows organizations to build financial plans and manage performance with speed and precision, aligning activities and data across all business areas. With Anaplan for Finance apps, financial professionals can contribute and collaborate across all departments, including HR, sales, supply chain, marketing, IT, and operations, enabling truly integrated business planning.

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UK fishing sector sees more job losses if post-Brexit export troubles not tackled soon

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UK fishing sector sees more job losses if post-Brexit export troubles not tackled soon 1

By Maytaal Angel

LONDON (Reuters) – Britain could lose more jobs in its fishing sector if the current delays and increased costs involved in exporting to the EU post-Brexit are not ironed out soon, industry groups told British government officials on Tuesday.

Speaking at an Environment, Food and Rural Affairs (EFRA) select committee inquiry, representatives of Britain’s fishing sector said small to medium-sized enterprises were especially at risk and called on the government to urgently negotiate new export rules with the EU.

“(Even) if we get (export) systems sorted, we will still have cost implications. In the medium term, small companies will stop trade to Europe and it may even be their demise,” said Donna Fordyce, chief executive of Seafood Scotland.

“It’s a real worry. These people can’t see a future.”

Under a Brexit deal reached late last year, British trade with the EU remains free of tariffs and quotas. But the establishment of a full customs border means goods must be checked and paperwork filled in, damaging express delivery systems.

Fresh food sectors like fishing and meat have been particularly hard hit, with export paperwork costs soaring and delivery delays prompting EU buyers to reject British produce or to pay less for it.

Sarah Horsfall, co-chief executive of the Shellfish Association of Great Britain, said some British shellfish companies had already shut their doors, buckling under the pressure of the COVID-19 pandemic, and then Brexit.

She said paperwork costs per consignment have increased by 400-600 pounds. On top of that, companies often need to hire two or three extra staff just to fill in the paperwork, adding to costs.

Another point of contention for the British seafood sector is that EU exporters are currently not facing increased costs or delays in sending goods to Britain because the UK has postponed introducing reciprocal customs checks by three to six months.

“Exporters we deal with are considering relocating to the EU. We have to address this urgently if we want to grow, because at the moment we are at the risk of doing the opposite,” said Martyn Youell, senior manager of fisheries and quotas at fishing company Waterdance.

(Reporting by Maytaal Angel; Editing by Sonya Hepinstall)

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Fall in UK economic activity bottoms out in February – PMI

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Fall in UK economic activity bottoms out in February - PMI 2

LONDON (Reuters) – British economic output stabilised in February after a sharp fall the month before, as many businesses continued to suffer from lockdown restrictions affecting hospitality and other face-to-face services, a closely watched survey showed on Wednesday.

Hours before finance minister Rishi Sunak is due to set out his economic plans for the coming year, the IHS Markit/CIPS composite Purchasing Managers’ Index gave a reading of 49.6 for February, up from an eight-month low of 41.2 in January.

The figure means businesses reported broadly stable activity for last month after a steep deterioration early in the year, and is little changed from an initial flash estimate of 49.8.

The PMI for the services sector alone rose to a four-month high of 49.5 in February from January’s eight-month low of 39.5, again in line with the initial flash estimate.

“Restrictions on travel, leisure and hospitality due to the national lockdown continued to curtail overall activity, but there were some pockets of growth in technology and business services,” financial data company IHS Markit said.

Britain entered its third national coronavirus lockdown in early January, closing schools, non-essential shops and most other businesses open to the public, though people can still travel to work if needed.

Last week Prime Minister Boris Johnson set out a path for easing the lockdown in England as vaccinations roll out rapidly. Schools will reopen next week but full restrictions on hospitality venues will not go until late June at the earliest.

Sunak is expected to set out further spending plans in a budget statement around 1230 GMT after providing almost 300 billion pounds of support during the past year.

Business optimism in the services PMI has risen to its highest since 2006 due to expectations of a return to normality. But many firms still reported difficulties from new, post-Brexit trading restrictions that took effect on Jan. 1.

(Reporting by David Milliken; Editing by Catherine Evans)

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Japan’s SMFG likely to halt all new lending to coal-powered plants, sources say

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Japan's SMFG likely to halt all new lending to coal-powered plants, sources say 3

By Takashi Umekawa

TOKYO (Reuters) – Japan’s Sumitomo Mitsui Financial Group is likely to halt all new financing to coal-fired power plants, including the most efficient ones, two sources said, reflecting growing pressure from investors and environmentalists on Japan’s lenders to cut funding to coal.

While SMFG has said it would not finance new coal-fired power plants in principle, up until now it hasn’t ruled out funding projects seen as more environmentally friendly, such as so-called “ultra-supercritical (USC) power plants” that burn coal more efficiently than older designs.

It is now likely to remove that exception from its lending policy, meaning a complete halt to new finance for coal plants, said the sources, who declined to be named as the information is not public.

Japan’s biggest banks are under increasing pressure from global investors and environmental groups over their long involvement in funding coal projects. Prime Minister Yoshihide Suga has also pushed to achieve zero greenhouse gas emissions, on a net basis, by 2050.

“It’s a fact that the criticism from environmental groups has become so strong,” said one of the sources.

A spokesman for SMFG said nothing had been decided.

(Reporting by Takashi Umekawa; Editing by David Dolan and Edmund Blair)

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