I hope you won't mind a bit of bragging today. We're excited about yesterday's CIOUpdate.com article featuring arcplan client Turner Broadcasting titled, "How to Save Money Without Firing Your Employees." Turner Broadcasting's VP of Finance, Robert Copenhaver, explained how his group used arcplan Enterprise, which Turner Broadcasting already had in-house, to take a bonus compensation reporting problem that took months to solve each payment period down to a one- to two-week process. arcplan allowed the group to get rid of "dueling spreadsheets," indecipherable faxes, questionable claims that had little documentation to back them up and "mounds of information that didn't match up."
Copenhaver reported, "It's a centralized solution, now. There is no longer endless debating over the numbers because there is one centralized data set, one set of numbers."
Beyond data consistency, Copenhaver has also been able to use the system to forecast expected performances, update exchange rates for overseas employees, and remove conflict from the bonus calculation process because people now know what's driving the numbers.
Read the article for more information: http://www.cioupdate.com/features/article.php/3909866/7-Ways-to-Cut-Costs-without-Firing-Your-Employees.htm