Florham Park, 7932, NY,
United States
Revelwood
Revelwood, a prominent reseller, system integrator, and consulting company, that plays a vital role in numerous system integration and digital transformation initiatives. Revelwood collaboration with software players such as IBM empowers organizations to embrace disruptive technologies and accelerate their journey to the cloud, thus reshaping their business models.
| Reseller and SI | Vendor | Application | Category | Market |
|---|---|---|---|---|
| Revelwood | IBM | IBM Planning Analytics | EPM | EPM |
| Logo | Customer | Industry | Empl. | Revenue | Country | Vendor | Product | Category | When | Insight |
|---|---|---|---|---|---|---|---|---|---|---|
|
|
Parallel | Consumer Packaged Goods | 1700 | $628M | United States | IBM | IBM Planning Analytics | EPM | 2021 |
In 2021, Parallel implemented IBM Planning Analytics as its EPM platform, engaging Revelwood to rearchitect and deploy the solution. Revelwood moved Parallel from an on-premise deployment to IBM Planning Analytics in the Cloud and rebuilt the implementation beginning with a finance model and a staff model to enable rolling forecasts and ongoing FP&A cadence.
The implementation delivered discrete functional modules including a finance model for detailed P&L and cash flow forecasting, a staff planning model with role-based compensation and demand planning, and three cubes for current headcount, new hires and backfills to separate hiring workflows. The staffing model encodes role cohorts such as corporate, grower, manufacturer and retail part-time and full-time, and incorporates operational variables like ounces per plant and state-level tax calculations to produce accurate staffing costs by market.
Revelwood integrated IBM Planning Analytics with the company accounting system Sage Intacct to automate data flow from the close, reducing the time required to produce financials and enabling on-demand executive reporting. Operational scope spans Parallel’s four markets, Florida, Massachusetts, Texas and Pennsylvania, and the deployment supports finance, FP&A, accounting, HR and market-level operations including cultivation, manufacturing and retail.
Governance and process changes include a rolling forecast practice and monthly FP&A reviews with cost center owners to capture market dynamics that change every four to six months, and the use of separate headcount cubes to streamline hiring decisions by isolating backfills from new hires. Explicit outcomes cited by Parallel include streamlined FP&A processes, faster production of elegant executive reports after close, and improved ability to forecast expenses and cash flow while obtaining a more comprehensive, market-level view of operations using IBM Planning Analytics.
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