Editorial & Advertiser Disclosure Global Banking And Finance Review is an independent publisher which offers News, information, Analysis, Opinion, Press Releases, Reviews, Research reports covering various economies, industries, products, services and companies. The content available on globalbankingandfinance.com is sourced by a mixture of different methods which is not limited to content produced and supplied by various staff writers, journalists, freelancers, individuals, organizations, companies, PR agencies Sponsored Posts etc. The information available on this website is purely for educational and informational purposes only. We cannot guarantee the accuracy or applicability of any of the information provided at globalbankingandfinance.com with respect to your individual or personal circumstances. Please seek professional advice from a qualified professional before making any financial decisions. Globalbankingandfinance.com also links to various third party websites and we cannot guarantee the accuracy or applicability of the information provided by third party websites. Links from various articles on our site to third party websites are a mixture of non-sponsored links and sponsored links. Only a very small fraction of the links which point to external websites are affiliate links. Some of the links which you may click on our website may link to various products and services from our partners who may compensate us if you buy a service or product or fill a form or install an app. This will not incur additional cost to you. A very few articles on our website are sponsored posts or paid advertorials. These are marked as sponsored posts at the bottom of each post. For avoidance of any doubts and to make it easier for you to differentiate sponsored or non-sponsored articles or links, you may consider all articles on our site or all links to external websites as sponsored . Please note that some of the services or products which we talk about carry a high level of risk and may not be suitable for everyone. These may be complex services or products and we request the readers to consider this purely from an educational standpoint. The information provided on this website is general in nature. Global Banking & Finance Review expressly disclaims any liability without any limitation which may arise directly or indirectly from the use of such information.


With Anaplan, Echo uses complex modeling capabilities to optimize budgeting, financial planning, reporting, and related analyses

Echo Global Logistics, Inc. (NASDAQ:ECHO), a leading provider of technology-enabled transportation management services, recently completed deployment of Anaplan’s cloud-based platform to strengthen its finance operation and analysis capabilities. The partnership with Anaplan, a leading platform provider driving a new age of connected planning, now allows Echo to streamline vital functions such as budgeting, revenue forecasting, financial reporting, headcount planning, and expense planning.

Echo leaders chose the Anaplan platform because it allows Echo to model complex business scenarios, engage in real-time analysis, make better-informed business decisions, and achieve greater agility. Since Echo has made 20 acquisitions to date, the company needed a flexible planning platform that would allow them to adjust budgets and rules on the fly and satisfy the diverse needs of its branch offices.

“We wanted to partner with a company that would evolve along with our business challenges,” said Kyle Sauers, Chief Financial Officer, Echo. “The implementation was easy overall—and with the help of partners, we built our modules and dashboards in about four months. We have nearly 100 Anaplan users now and having real-time access to the information we need to make decisions has really driven adoption. When our budget was on a spreadsheet with hundreds of tabs, it was difficult to even open the file and make simple changes.”

Echo is a growing company with more than 30 offices in the United States. The initial pain point that inspired Echo to turn to Anaplan was a spreadsheet-based budgeting approach. Data consolidation in the Anaplan platform simplified the budgeting process, enabling the team to finalize the budget much more quickly than in the past. Using the Anaplan platform has also improved visibility. The Echo team reports that they no longer have a “finance” budget—it’s now an “Echo” budget that empowers more users.

“With Anaplan, Echo has been able to bring more people into the planning process and create dynamic models,” said Simon Tucker, Chief Customer Officer, Anaplan. “The platform rapidly gained buy-in because Echo managers value the increased visibility and accuracy, and the executive team appreciates the ability to review progress and reduce budgeting time going forward. Echo is planning to expand its use of Anaplan into other areas based on this success, and that will ultimately improve the company’s overall agility.”