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Deluxe Drives Business Insight and Predictability with Adaytum Business Planning Solution

  • July 01 2001, 1:00am EDT
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REVIEWER: Cricket Buntje, manager of planning and analysis for Deluxe Corporation.

BACKGROUND: FI Checks is a division of the Deluxe Corporation, the world's largest supplier of paper-based services to the financial and retail industries.

PLATFORMS: FI Checks uses a Windows NT operating system on an ISS platform.

PROBLEM SOLVED: FI Checks needed to analyze data from several perspectives with increased speed and flexibility. Before Adaytum, the data needed was in various legacy systems, which meant 80 percent of the time was spent gathering information and only 20 percent of the time was spent conducting analysis. After researching the market, FI Checks selected Adaytum's planning system to increase the speed and flexibility of our analysis.

PRODUCT FUNCTIONALITY: Adaytum e.Planning serves as a financial application which we utilize for forecasting and budgeting.

STRENGTHS: Adaytum's number one strength lies in its ability to forecast. This function allows us to monitor a workforce at more than 500 cost centers with regard to budgets and projects. Another strength is e.Planning's flexibility. We didn't restructure prior to our installation, and the software molded right into our existing system.

WEAKNESSES: For our purposes, we transfer Adaytum e.Planning Contributor data back to Adaytum e.Planning Analyst, but this transfer is currently very cumbersome. Streamlining this transfer would improve our system performance. Adaytum is working to incorporate this change into a future e.Planning version.

SELECTION CRITERIA: The Adaytum solution offers flexibility that is second to none. It was extremely easy to set up and didn't require a complete system redesign. Adaytum allowed us to hit the ground running ­ it didn't require months of preparation for installation.

DELIVERABLES: FI Checks uses the Adaytum solution in combination with Microsoft Excel software to create extensive reports. Data is analyzed by prior year, actual, planned and forecast. This method allows us to observe the trends that are happening and show whether we are over budget or under budget. Monthly project reports are also compiled by Adaytum e.Planning. Monthly reports compare project expenses and capital versus the original forecast. This report allows for monthly project finance forecasting.

VENDOR SUPPORT: Support during implementation was somewhat inconsistent. Post-implementation support has improved greatly since Adaytum employed a tracking device which issues a ticket number for each request and requires Adaytum to close each ticket when support is fulfilled.

DOCUMENTATION: Adaytum manuals are informative and helpful and can be relied upon for concerns and questions.

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