Case Study: Wagners saves 2 days on month-end close with Planful
Key results
The challenge
Wagners operates across 18 business units that each managed financials in their own spreadsheets, so pulling everything together took a couple of hours twice a month and intercompany numbers often didn't match. Month-end close routinely stretched to five or six business days.
The solution
Wagners deployed Planful with partner Forpoint Solutions to standardize budgeting and reporting across all 18 divisions, automate consolidation, and add driver-based budgeting and balance sheet forecasting.
“We wanted reliable, stable information, and we just didn't have that before Planful.”
MCMichael ChoiManagement Accounting Manager, Wagners
The results, in context
Wagners shortened month-end close by two full days, gaining visibility by day three and completing board reports by day four, and eliminated about four hours of manual monthly consolidation across 18 spreadsheets. It extended its forecasting horizon to 18–24 months, with about 30 users active across the business.