Bedford Consulting supports Ramirent’s rapid finance transformation

In 2021, they embarked on an ambitious financial planning processes transformation. Within three months, the company implemented dynamic and flexible planning process in Anaplan, to make the budget deadline.

Great collaboration supports a successful project implementation:

One of the key elements to Ramirent’s successful Anaplan implementation was good collaboration between everyone involved.

Bedford put a good foundation in place, and user stories are a part of it. We set aside time to write thorough user stories and create good mock-ups. We quickly realised that we could update the user stories, and we were able to make changes along the way.

The Controlling group was assigned different focus areas to make the implementation process most efficient. Even though we were engaged in various areas of responsibility, everyone was involved; there was great collaboration.

There is power in working as a team. It strengthens the whole work ethic in the group. By connecting people, plans, and data, everyone gets ownership. It’s an incredibly good working method.

The result: A more streamlined, faster, and consistent budgeting brought together in one system.

Since implementation, we’ve been able tweak and play with the numbers, which is an incredible strength. In Anaplan, a great advantage is that data and documentation are saved in one place.

When choosing a financial planning tool, it must be able to follow organisational development and growth. Being agile and adapting to organisational changes is essential, we now have the technology that can support that.

Anaplan has already given Ramirent more independence. The solution Bedford Consulting built for us in Anaplan is logically structured and easy to use. You will figure most things out if you dare to test and look around. If we want to make changes, we have the power to do so.

Ramirent is currently working on refining the budget model. It’s a very cool and exciting journey!

Model specifications

The new budget model has many specifications providing insights faster in addition to a better overview of the current financial situation. The solution has a:

• Top-down target setting for Revenue by region with easy-to-use distribution logic for product mix and sales location.

• Collaborative bottom-up forecasting for location managers setting focus on sales targets.

• Planning of personnel eased by individual employee and location.

• Transparent model, empowering end-users to analyse data and make smarter decisions, faster.