Promedon, present in more than 60 countries around the world*, and leader in research, development, production, and distribution of innovative medical technology, was looking for a decentralized budgeting system, able to manage data gathering and consolidation from different sellers located in several countries. The system need not only to manage the top-down and bottom-up budgeting construction cycle but also to integrate all budget information in a planning model.
The development of an integrated budgeting system in Pyplan helped them unify data loading and merging all this information in revenue, costs, and margin forecasts of short and medium-term horizons. The software implementation free analysts time to analyze the projected outcomes through multiple dashboards, instead of working on getting those projections.
*Source: Promedon web site.