The decentralized nature of Excel made administering global changes on more than 1,200 templates nearly impossible. Additionally, the Excel approach was not scalable or flexible enough to support expanding forecasting requirements. Further, there was no easy way to analyze the sales structure and make comparisons and stacked rankings. Fifth Third Bancorp decided to embark on a re-engineering of the entire forecasting and planning process. Faced with the challenges associated with rapid expansion and inconsistent forecasting, Fifth Third Bancorp turned to Hyperion for the technology infrastructure required to support its financial planning and forecasting processes. Hyperion's infrastructure solution includes Hyperion Planning, which provides more visibility, allows the bank to forecast down to the line of business level, and eliminates the need for 1,200 spreadsheets.
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