Previously, Arrive used Excel-based models for budgeting, forecasting and follow-up – a process that was both time-consuming and difficult to get a clear overview of. Updates were made locally across different entities and then consolidated centrally, creating a risk of errors. With Planacy, Arrive has established a common way of working and a more automated planning process.
“Our challenge was that both the local updates and the central consolidation took a lot of time. With Planacy, we have established a common way of working and a single source of truth for what is actually included in the budget,” says Richard Schönning, Head of Finance Data & BI at Arrive.
By bringing the entire budgeting process together in one platform, Arrive has reduced manual work and created a more efficient workflow where updates are reflected immediately across the organisation. This has not only saved time but also improved transparency and the quality of the planning process.
“With Planacy, we can follow up on the budget as soon as an entity updates its figures. This gives us a completely different level of transparency and enables us to act more quickly throughout the process,” says Richard Schönning.
The platform currently handles, among other things, OPEX forecasting, sales and revenue budgeting, CAPEX, and allocation processes. Going forward, Arrive also sees potential to include the balance sheet and cash flow. The Planacy solution is integrated with QlikSense, giving Arrive the ability to monitor changes and analyse data on an ongoing basis.
"It works very smoothly and makes it possible to monitor the budget as soon as any unit updates its figures," Richard explains.
About Arrive
Arrive, including brands such as EasyPark, Flowbird, RingGo, ParkMobile and Parkopedia, is a leading global mobility platform. With a presence in more than 90 countries and 20,000 cities, the company helps people and decision-makers make smarter mobility decisions in and between cities. Arrive offers a unique combination of services needed to make cities more liveable – from smart payments, optimised parking spaces and solutions for autonomous vehicles to data-driven insights that reduce traffic and free up resources for investments in public transport and more green spaces. It is about more than functionality; it is about saving time and making journeys easier for everyone. Read more about Arrive here ⭢
