PlainsCapital Sees Time Savings of 97 Percent in Producing Monthly Cost Reports Following Implementation of A3 Modeling
January 8th, 2016 – A3 Solutions today announced their customer PlainsCapital Corporation was named a semi-finalist in the SuperNova awards for its best practice use of A3 Modeling, a corporate performance management solution. Sponsored by Constellation Research, PlainsCapital was selected from more than 120 award applicants who were recognized to have overcome the odds in successfully applying emerging and disruptive technologies within their organizations.
By implementing A3 Solutions corporate performance management software, PlainsCapital saw a nearly 97 percent drop in the time it takes to produce monthly cost reports. Before implementing A3 Solutions, it took 27 hours to produce monthly cost allocations while monthly reports on actuals versus budgeted expenses took several days. Using A3 Solutions, PlainsCapital can now produce monthly cost allocations and reports in 1 hour or less. In addition, they now are able to analyze data and drill through to results, identify financial trends quickly and easily and unify all their financials across their operating companies.
"While financials are a fact-of-life for any company, this implementation allows us to unify our financials in a way we had never been able to do with spreadsheets,” said Aaron Taylor, Sr. VP and Director of Financial Planning and Analysis for PlainsCapital Corporation. "Data is available much faster and is always up-to-date allowing us to understand the potential impact of any changes in our operating companies.”
"It's exciting to see our customer being recognized by industry analysts for extraordinary achievement using our software,” said Rob Lautt, CEO of A3 Solutions. "The Plains example is proof that we deliver high-end, enterprise class performance at a middle market price.”
About Constellation Research, Inc.
Constellation Research is a research and advisory firm focused on disruptive and emerging technologies. This renowned group of experienced analysts, led by R "Ray” Wang, focuses on business themed research including the Future of Work; Next Generation Customer Experience; Data to Decisions; Matrix Commerce; Technology Optimization and Innovation; and Consumerization of IT and the New C-Suite. For more information about Constellation Research, visit Constellationr.com.
About A3 Solutions
A3 Solutions Inc. is the developer of A3 Modeling, the (un)CPM, for budgeting, forecasting and financial consolidations and reporting. Designed by Excel users, for Excel users, A3 Modeling is faster, better and cheaper than conventional CPMs. Fast-growing, independent and private, A3 Solutions has customers across North America, including world-class companies like Honda, Sunlife Insurance, Williams Sonoma, and more.