Lazada Group chose VISEO and Anaplan to enhance their financial reporting processes
“My name is Andrew, and I’m the VP of Finance at Lazada Group. I’m responsible for automating management reporting and piloting finance business partnering within the company. We learned about VISEO/Scanomi during an advanced training conducted by Anaplan earlier this year. At that time, we were scaling up our usage of Anaplan and heard excellent reviews from the consultants about VISEO/Scanomi, which led us to decide to work with them.”
The challenge
In the fast-paced world of e-commerce, businesses like Lazada Group face unique challenges. The dynamic nature of the industry means that planning, forecasting, and reporting processes must be adaptable to frequent changes. As Andrew highlighted, “Unlike traditional businesses, the online business changes very rapidly.” This need for agility prompted Lazada Group to seek a solution that could keep pace with their evolving requirements.
The existing processes were not flexible enough to accommodate the rapid shifts in the business landscape. Lazada needed a partner that could swiftly respond to their changing needs and help implement efficient financial management solutions.
The solution
Lazada Group partnered with VISEO/Scanomi to enhance their management reporting and finance business partnering capabilities. The collaboration began as Lazada was looking to expand their use of Anaplan, a platform known for its flexibility and speed. Andrew noted that VISEO/Scanomi’s ability to understand their business processes and the ever-changing requirements was crucial.
With VISEO/Scanomi’s support, Lazada implemented a tailored financial management solution within Anaplan. This integration facilitated a more streamlined approach to budgeting and forecasting, allowing Lazada to incorporate more drivers and expand its footprint across various business units.
Achievements unveiled
Through the partnership with VISEO/Scanomi, Lazada Group achieved significant milestones, including:
- Enhanced Flexibility: The new system enabled Lazada to adapt quickly to market changes, ensuring that financial planning remained relevant and actionable.
- Improved Response Times: The implementation reduced the time taken to generate reports, allowing the finance team to provide timely insights to stakeholders.
- Streamlined Processes: By automating management reporting, Lazada was able to focus more on strategic decision-making rather than manual data compilation.
The outcome
As a result of the collaboration with VISEO/Scanomi, Lazada Group not only improved its financial management processes but also laid the groundwork for future growth. Andrew expressed optimism about the partnership, stating, “We hope to continue working closely with VISEO/Scanomi to implement new initiatives and integrate with other systems within our organization.”
The successful integration of VISEO/Scanomi’s solutions has positioned Lazada Group to scale up its use of Anaplan further, enhancing budgeting processes and exploring additional drivers for financial performance. With a solid foundation in place, Lazada is prepared to navigate the evolving e-commerce landscape with greater agility and confidence.
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