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Booking.com advances FP&A capabilities in lockstep with hyper-growth
Fast-growing travel e-commerce company Booking.com moved its forecasting and consolidations to Anaplan, automating much of the process. The sustainable, scalable solution gives finance a “holistic big-picture view” of the business.
Now, nearly all of our work is automated, which saves us valuable time and reduces our risks for human mistakes.Chiara Guglielmetti
Challenge
The result of tremendous growth over the last three years is that Booking.com averages over one million bookings within every 24-hour period. Combined with climbing digital travel sales, its hyper-growth caused the company to increase its employee headcount and inventory of properties two-fold. However, the company had to tackle another opportunity: how to evolve its financial planning process in lockstep with such substantial growth.
Results
Armed with the capabilities of the Anaplan platform, Booking.com has successfully streamlined its cumbersome, manual processes—and greatly reduced the time spent on consolidation and forecasting. By improving operational efficiencies and freeing up time for strategic analysis through the platform, its FP&A team not only has improved productivity and collaboration, but also has access to a more comprehensive and holistic view of the business.
Solution
To scale and centralize its financial planning process, Booking.com selected Anaplan’s cloud-based platform for its flexibility, robust functionality, and speed. The platform enabled the company to dynamically analyze and refine financial plans in real time across all business levels—and ultimately align different functions of its organization.
Why Anaplan
The flexibility and adaptability of Anaplan’s cloud-based planning platform allows the team at Booking.com to consolidate quicker, forecast more efficiently and accurately, and support more granular levels of data insight and analysis. The unconstrained, scalable platform also aligns with Booking.com’s corporate culture, allowing the team the flexibility it needs to creatively evolve with changing business conditions.