Mazars UK business is growing rapidly, raising the bar for FP&A

Mazars is an international audit, tax and advisory firm committed to helping clients confidently build and grow their businesses. Founded in Europe, Mazars opened their first office in 1945. Since then, Mazars has grown into a global, connected partnership of over 44,000 professionals, with a presence in over 90 countries and territories.

Fuelled by strong double-digit business growth across the UK firm, Finance leadership realised the existing financial planning and forecasting processes and supporting technology were not fit-for-purpose. The disconnected, spreadsheet intensive way-of-working did not provide the required data quality, accuracy and detailed insights, nor did it allow for agility to respond to quickly changing market conditions.

Driver-based margin modelling with scenario cockpits

The UK FP&A team selected Anaplan as preferred solution for implementing an integrated, driver-based financial planning, budgeting and forecasting platform, allowing them to fulfil their business partner role more effectively. The solution include advanced scenario modelling capabilities for:

• Top-down revenue target setting with phasing that reflects the seasonal nature of the different business units
• Dashboards, KPI and advanced reporting for strategic markets and Business Units
• Granular, assumption-driven capacity planning calculations at employee level based on HR-system data feeds
• Scenario cockpits to allow Business Unit and Service Line leaders to model 'what-ifs' on key KPIs and metrics

Fidenda's business-led, technology-enabled approach helped achieve success

Fidenda worked closely with Mazars from project inception, through to design and implementation, supporting the solution and team through the first forecasting and budgeting cycles. Fidenda took a collaborative agile approach, where members of Mazars’ FP&A and Management Reporting teams played an integral part in the solution build and delivery.

This allows Mazars to be self-sufficient in the support and maintenance of their solution. Fidenda's consulting approach and methodology was key in executing the project to deliver within tight timescales.